BEIJING, April 26, 2023 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today proposed an analog signature scheme based on RSA digital signature algorithm and phase-shifting digital holography. WiMi plans to create a new digital holographic security authentication technology since the importance of personal information protection in the digital economy cannot be ignored. This technology applies digital holography to protect the network nodes' privacy information, making the nodes' transaction information permanently tamper-proof in digital transactions and ensuring network security.
Combining holographic technology with cryptocurrencies enables users to have more autonomy and independence. Digital holographic security authentication technology performs proof-of-work in blocks by designing novel block multidimensional array data structures to verify true copy verification and legitimate zone movement. The technology reveals random numbers of multidimensional array data from hashing under an AI algorithm, which makes the private information of nodes stored in digital holographic encryption, making the real identity of each node in the network unreachable by hackers.
WiMi's technology mainly involves a secure anonymity system to handle the privacy protection of a large amount of information. It is a digital signature technology that upgrades the traditional digital signature algorithm to holographic optics. This technology performs the PoW consensus algorithm in digital transactions and proves the true identity through digital holographic encryption, thus enabling legitimate block linkage. In addition, the design of a multidimensional array of block structures allows adequate storage than traditional blocks to represent a large amount of transaction information in the block. WiMi plans to introduce an efficient way to convert the original data into a multidimensional code and uses a combination of transactions and the previous hash of the heterogeneous logic operation to protect privacy. By recording all the information in the log and distributing its copies to network users, a de-flattened, open-source, and equalized holographic database is constructed, and the disadvantages of a centralized database that can be easily compromised are overcome.
WiMi takes a strategic model around connecting virtual reality content, media applications, and full-scene technology application research and development. WiMi also integrates advanced technologies such as AI algorithms in the holographic industry, and simultaneously embeds cutting-edge technologies in the digital economy to protect the ecosystem of creators and consumers. WiMi has developed a vast number of applications while constructing the holographic ecosystem. Combined with AI algorithm technology application module, WiMi will integrate the benefits of derivative economy and 6G through the latest technology of mobile application technology, hoping to boost another wave of the opening of a new generation of revolution.
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.
