BEIJING , Dec. 5, 2024 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WiMi) (“WiMi” or the “Company”), the world's leading hologram augmented reality (“AR”) technology provider, today announced that , is actively engaged in researching smart contract-based cross-chain communication solutions, with the aim of using smart contracts as a bridge for cross-chain communication. This enhances interoperability between different blockchain platforms and enables seamless communication and collaboration.
As self-executing protocols, smart contracts automatically apply predefined transaction rules when specified conditions are met and provide robust technical support for cross-chain communication. The ability to automatically detect and respond to data and events from other blockchains reduces dependence on third parties through decentralized verification mechanisms, thereby increasing the security and transparency of the system. In addition, the transparency and immutability of smart contracts provides a strong foundation of trust for cross-chain transactions and enables flexible interactions between services on different blockchains to meet diverse business needs. .
To achieve cross-chain communication, WiMi has developed the following key technical architectures:
Cross-chain messaging layer: Responsible for sending information safely, securely, and orderly between different blockchains, ensuring smooth cross-chain communication.
Smart contract standardization: Establish standardized smart contract interfaces to help smart contracts on different blockchain platforms understand and execute each other, reducing interoperability challenges.
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Interoperability Protocol: Develop a comprehensive protocol that defines the rules for transferring assets and services between different blockchains, ensuring security and compliance throughout the process.
Security and privacy protection: Utilize advanced cryptographic technologies and privacy safeguards, such as Fully Homomorphic Encryption (FHE), to protect on-chain data privacy. FHE allows you to perform calculations directly on encrypted data without decrypting it, ensuring the security of sensitive information even when the data is exposed on the blockchain. Additionally, machine learning is integrated for intelligent key management and threat detection to combat evolving security risks. Dynamic keys generated through machine learning enhance the security of data during on-chain broadcast and storage, while also providing risk assessment and early warning capabilities that improve the overall security of the blockchain system.
WiMi's research on smart contract-based cross-chain communication solutions not only increases the value of existing blockchain applications, but also lays a solid foundation for future 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 an important driving force of blockchain technology development, will lead the industry to a more advanced and practical stage. WiMi's innovative pursuits open up new possibilities for blockchain development and drive the prosperity and growth of the entire industry.
About WiMi Hologram Cloud
WiMi Hologram Cloud, Inc. (NASDAQ:WiMi) focuses on specialized areas such as holographic AR in-vehicle HUD software, 3D holographic pulsed LiDAR, head-mounted light field holographic devices, holographic semiconductors, and holographic cloud software. We are a comprehensive holographic cloud technology solution provider. , holographic car navigation, etc. Its services and holographic AR technologies include holographic AR automotive applications, 3D holographic pulsed LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, and holographic ARSDK payments. , interactive holographic communication and other holographic AR technologies.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” and similar terms. ”, “plans”, “believes”, “estimates” and similar statements. Statements that are not historical facts, including statements regarding our beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotes from management in this press release and our strategic and operating plans contain forward-looking statements. We also file periodic reports with the U.S. Securities and Exchange Commission (“SEC”) on Forms 20-F and 6-K, annual reports to stockholders, press releases, and other documents, and with respect to our officers, directors or Oral statements made by employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including but not limited to: the Company's future business development, financial condition and operating results; Expected growth of the AR holographic industry. and our expectations regarding demand for and market acceptance of our products and services.
Further information regarding these and other risks is contained in our Annual Report on Form 20-F and Current Reports on Form 6-K and other documents filed with the SEC. All information contained in this press release is current as of the date of this press release. We undertake no obligation to update any forward-looking statements except as required by applicable law.
