WiMi Hologram Cloud Inc. Stock Price, News & Analysis

WiMi Hologram Cloud (NASDAQ: WIMI) announced a new blockchain data encryption technology that integrates machine learning and fully homomorphic encryption (FHE). This innovative solution enhances data protection while maintaining transparency and tamper-proof features of blockchain technology. FHE allows computations on encrypted data without decryption, ensuring data privacy. The technology supports complex operations and machine learning models on encrypted data. Applications include privacy-protected transactions, private smart contracts, cross-chain data exchanges, and secure on-chain analysis. This advancement aims to bolster blockchain security and privacy.

WiMi's approach ensures that encrypted data remains accessible only to authorized participants, enhancing key management, threat detection, and risk assessment through machine learning. This development meets the growing demands for secure and private blockchain applications, promoting a more secure and practical blockchain ecosystem.

WiMi Hologram Cloud (NASDAQ: WIMI) has unveiled the Proof of Learning (PoLe) blockchain consensus mechanism to boost neural network training efficiency and data reliability. PoLe leverages blockchain technology, allowing the publication of training data across the network and rewarding nodes for valid learning outcomes. This approach addresses the high computational and time demands of traditional neural network training while enhancing data security and integrity. PoLe replaces traditional consensus mechanisms like Proof of Work (PoW) and Proof of Stake (PoS) with a focus on machine learning outcomes, optimizing resource allocation and fostering innovation. The technology is expected to benefit sectors needing high data security, such as healthcare and finance, and signifies a pivotal shift in AI training methodologies and blockchain applications.

WiMi Hologram Cloud announced the innovative use of the RAFT consensus algorithm in blockchain for secure data management. RAFT, known for its simplicity and efficiency, is suitable for closed or semi-closed network environments. Its advantages include efficient log replication, fast data synchronization, and high availability. The algorithm's Leader-Follower architecture streamlines system state management and enhances decision-making efficiency. In case of leader node failure, RAFT quickly elects a new leader, ensuring service continuity.

WiMi integrates RAFT into blockchain to improve performance and reliability, particularly in alliance and private chains, sidechain/subchain designs, and key components like storage modules. RAFT helps manage replicated state machines and maintain data consistency. WiMi aims to further merge RAFT with other consensus mechanisms, expanding blockchain applications across various industries for secure and efficient data management, thereby fostering digital economy growth.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) developed a swin-transformer and hash-based on-chain copyright detection technology, enhancing efficiency and accuracy in copyright protection. The technology combines deep learning models, hashing algorithms, blockchain technology, and smart contracts to automate copyright detection and verification processes, ensuring immutability and transparency in protecting video content copyrights. The innovation provides a sustainable solution for copyright protection in the digital era, setting a new standard for the industry.

WiMi Hologram Cloud Inc. (NASDAQ: WIMI) announced research on a Blockchain collaborative hybrid consensus algorithm to enhance performance and security. The system combines multiple consensus algorithms for improved functionality, security, and efficiency, providing users with enhanced services.