BEIJING, Dec. 5, 2024
/PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or
the "Company"), a leading global Hologram Augmented Reality ("AR")
Technology provider, today announced their active involvement in
the research of smart contract-based cross-chain communication
solutions, aiming to use smart contracts as a bridge for
cross-chain communication. This will enhance interoperability
between different blockchain platforms, enabling seamless
communication and collaboration.
Smart contracts, as self-executing protocols, automatically
enforce predefined transaction rules when specified conditions are
met, providing robust technical support for cross-chain
communication. They can automatically detect and respond to data or
events from other blockchains, reducing reliance on third parties
through decentralized verification mechanisms, thereby
enhancing system security and transparency. Additionally, the
transparency and immutability of smart contracts offer a solid
foundation of trust for cross-chain transactions, enabling flexible
interaction between services on different blockchains to meet
diverse business needs.
To achieve cross-chain communication, WiMi has developed the
following key technical architecture:
Cross-Chain Messaging Layer: Responsible for securely,
reliably, and orderly transmitting information between different
blockchains, ensuring smooth cross-chain communication.
Smart Contract Standardization: Establishes standardized
smart contract interfaces to ensure that smart contracts on
different blockchain platforms can understand and execute each
other, reducing interoperability challenges.
Interoperability Protocol: Develops a comprehensive
protocol that defines the rules for transferring assets and
services across different blockchains, ensuring security and
compliance throughout the process.
Security and Privacy Protection: Utilizes advanced
encryption technologies and privacy protection measures, such as
fully homomorphic encryption (FHE), to safeguard on-chain data
privacy. FHE allows computations to be performed directly on
encrypted data without decryption, ensuring the security of
sensitive information even when data is publicly accessible on the
blockchain. Additionally, machine learning is integrated for
intelligent key management and threat detection to counter evolving
security risks. Dynamic keys generated through machine learning
enhance data security during on-chain broadcasting and storage,
while also providing risk assessment and early warning capabilities
to improve the overall security of the blockchain system.
WiMi's research into smart contract-based cross-chain
communication solutions not only enhances the value of existing
blockchain applications but also lays a solid foundation for future
technological innovations. As cross-chain technology continues to
mature and evolve, a more interconnected, efficient, and inclusive
blockchain ecosystem will gradually emerge. Cross-chain
communication, as a key driving force in the development of
blockchain technology, will lead the industry into a more advanced
and practical phase. WiMi's innovative exploration opens up new
possibilities for blockchain development, driving the prosperity
and growth of the entire industry.
About WiMi Hologram Cloud
WiMi Hologram Cloud, Inc. (NASDAQ:WiMi) is a holographic cloud
comprehensive technical solution provider that focuses on
professional areas including holographic AR automotive HUD
software, 3D holographic pulse LiDAR, head-mounted light field
holographic equipment, holographic semiconductor, holographic cloud
software, holographic car navigation and others. Its services and
holographic AR technologies include holographic AR automotive
application, 3D holographic pulse LiDAR technology, holographic
vision semiconductor technology, holographic software development,
holographic AR advertising technology, holographic AR entertainment
technology, holographic ARSDK payment, interactive holographic
communication and other holographic AR technologies.
Safe Harbor Statements
This press release contains "forward-looking statements" within
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," and similar statements. Statements that
are not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements. Among
other things, the business outlook and quotations from management
in this press release and the Company's strategic and operational
plans contain forward−looking statements. The Company may also make
written or oral forward−looking statements in its periodic reports
to the US Securities and Exchange Commission ("SEC") on Forms 20−F
and 6−K, in its annual report to shareholders, in press releases,
and other written materials, and in oral statements made by its
officers, directors or employees to third parties. Forward-looking
statements involve inherent risks and uncertainties. Several
factors could cause actual results to differ materially from those
contained in any forward−looking statement, including but not
limited to the following: the Company's goals and strategies; the
Company's future business development, financial condition, and
results of operations; the expected growth of the AR holographic
industry; and the Company's expectations regarding demand for and
market acceptance of its products and services.
Further information regarding these and other risks is included
in the Company's annual report on Form 20-F and the current report
on Form 6-K and other documents filed with the SEC. All information
provided in this press release is as of the date of this press
release. The Company does not undertake any obligation to update
any forward-looking statement except as required under applicable
laws.
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SOURCE WiMi Hologram Cloud Inc.
