WiMi Developed a Decentralized Cloud Manufacturing Model Based on Blockchain(BC)
WiMi Hologram Cloud has developed a decentralized cloud manufacturing model based on blockchain (BC), named Decentralized Cloud Manufacturing Application (DCMApp). This model leverages blockchain's decentralized and immutable nature to enhance the transparency, cost-effectiveness, and security of cloud manufacturing systems, eliminating the need for third-party intermediaries.
DCMApp integrates private and public blockchains, using Ethereum as the public blockchain to record and verify manufacturing agreements. Key features include resource registration, querying, protocol signing, and data verification, all facilitated through smart contracts.
The model addresses issues like single points of failure and data breaches inherent in centralized cloud manufacturing. It offers advantages such as decentralization, transparency, improved security, reliability, and scalability. DCMApp is expected to play a significant role in the digital transformation of manufacturing processes under Industry 4.0.
WiMi Hologram Cloud ha sviluppato un modello di produzione cloud decentralizzato basato su blockchain (BC), chiamato Applicazione di Produzione Cloud Decentralizzata (DCMApp). Questo modello sfrutta la natura decentralizzata e immutabile della blockchain per migliorare la trasparenza, l'efficacia dei costi e la sicurezza dei sistemi di produzione cloud, eliminando la necessità di intermediari terzi.
DCMApp integra blockchain private e pubbliche, utilizzando Ethereum come blockchain pubblica per registrare e verificare gli accordi di produzione. Le caratteristiche principali includono registrazione delle risorse, interrogazione, firma di protocolli e verifica dei dati, tutte facilitate da smart contracts.
Il modello affronta problemi come i punti unici di fallimento e le violazioni dei dati inerenti alla produzione cloud centralizzata. Offre vantaggi come decentralizzazione, trasparenza, sicurezza migliorata, affidabilità e scalabilità. Si prevede che DCMApp giocherà un ruolo significativo nella trasformazione digitale dei processi produttivi nell'ambito dell'Industria 4.0.
WiMi Hologram Cloud ha desarrollado un modelo de fabricación en la nube descentralizado basado en blockchain (BC), llamado Aplicación de Fabricación en la Nube Descentralizada (DCMApp). Este modelo aprovecha la naturaleza descentralizada e inmutable del blockchain para mejorar la transparencia, la eficiencia de costos y la seguridad de los sistemas de fabricación en la nube, eliminando la necesidad de intermediarios de terceros.
DCMApp integra blockchains privadas y públicas, utilizando Ethereum como blockchain pública para registrar y verificar los acuerdos de fabricación. Las características clave incluyen el registro de recursos, consultas, firma de protocolos y verificación de datos, todo facilitado a través de contratos inteligentes.
El modelo aborda problemas como puntos únicos de falla y brechas de datos inherentes a la fabricación en la nube centralizada. Ofrece ventajas como descentralización, transparencia, mayor seguridad, confiabilidad y escalabilidad. Se espera que DCMApp juegue un papel significativo en la transformación digital de los procesos de fabricación bajo la Industria 4.0.
WiMi 홀로그램 클라우드는 블록체인(BC) 기반의 탈중앙화 클라우드 제조 모델인 탈중앙화 클라우드 제조 애플리케이션(DCMApp)을 개발했습니다. 이 모델은 블록체인의 탈중앙화되고 불변하는 특성을 활용하여 클라우드 제조 시스템의 투명성, 비용 효율성 및 보안을 향상시키며, 제3자 중개자의 필요성을 없앱니다.
DCMApp는 개인 및 공개 블록체인을 통합하여, 제조 계약을 기록하고 검증하기 위해 공개 블록체인으로 이더리움을 사용합니다. 주요 기능으로는 자원 등록, 조회, 프로토콜 서명 및 데이터 검증이 있으며, 모두 스마트 계약을 통해 수행됩니다.
이 모델은 중앙화된 클라우드 제조에 내재된 단일 실패 지점 및 데이터 유출과 같은 문제를 해결합니다. 탈중앙화, 투명성, 보안 강화, 신뢰성 및 확장성과 같은 이점이 있습니다. DCMApp는 산업 4.0 하의 제조 프로세스 디지털 전환에 중요한 역할을 할 것으로 기대됩니다.
WiMi Hologram Cloud a développé un modèle de fabrication en cloud décentralisé basé sur la blockchain (BC), appelé Application de Fabrication en Cloud Décentralisée (DCMApp). Ce modèle exploite la nature décentralisée et immuable de la blockchain pour améliorer la transparence, l'efficacité des coûts et la sécurité des systèmes de fabrication en cloud, éliminant ainsi le besoin d'intermédiaires tiers.
DCMApp intègre des blockchains privées et publiques, utilisant Ethereum comme blockchain publique pour enregistrer et vérifier les accords de fabrication. Les principales caractéristiques incluent l'enregistrement des ressources, les requêtes, la signature des protocoles et la vérification des données, tous facilités par des contrats intelligents.
Le modèle traite des problèmes tels que les points de défaillance uniques et les violations de données inhérentes à la fabrication en cloud centralisée. Il offre des avantages tels que la décentralisation, la transparence, une sécurité accrue, la fiabilité et l'évolutivité. On s'attend à ce que DCMApp joue un rôle significatif dans la transformation numérique des processus de fabrication dans le cadre de l'Industrie 4.0.
WiMi Hologram Cloud hat ein dezentralisiertes Cloud-Fertigungsmodell entwickelt, das auf Blockchain (BC) basiert und als Decentralized Cloud Manufacturing Application (DCMApp) bezeichnet wird. Dieses Modell nutzt die dezentralisierte und unveränderliche Natur der Blockchain, um die Transparenz, Kosteneffizienz und Sicherheit von Cloud-Fertigungssystemen zu verbessern und die Notwendigkeit von Drittintermediären zu beseitigen.
DCMApp integriert private und öffentliche Blockchains und verwendet Ethereum als öffentliche Blockchain, um Fertigungsvereinbarungen aufzuzeichnen und zu verifizieren. Zu den wichtigsten Funktionen gehören Ressourcenregistrierung, Abfragen, Protokollunterzeichnung und Datenverifikation, die alle durch Smart Contracts ermöglicht werden.
Das Modell geht auf Probleme wie Einzelpunkte des Versagens und Datenverletzungen ein, die in zentralisierten Cloud-Fertigungsumgebungen auftreten. Es bietet Vorteile wie Dezentralisierung, Transparenz, verbesserte Sicherheit, Zuverlässigkeit und Skalierbarkeit. Es wird erwartet, dass DCMApp eine bedeutende Rolle beim digitalen Wandel der Fertigungsprozesse im Rahmen von Industrie 4.0 spielt.
- WiMi's DCMApp enhances transparency, cost-effectiveness, and security in manufacturing.
- DCMApp eliminates the need for third-party intermediaries, reducing risks of single points of failure and data breaches.
- The hybrid blockchain architecture offers excellent scalability and low-cost storage for manufacturing agreements.
- None.
Insights
The development of DCMApp represents a significant technical advancement in cloud manufacturing, but its immediate business impact appears While the technology combines blockchain and cloud manufacturing innovatively, several key factors temper its near-term significance:
- The solution is still in development phase without clear monetization strategy or customer adoption metrics
- Implementation challenges in the manufacturing sector, including integration with legacy systems and industry adoption rates, remain unaddressed
- The company's small market cap of
$83.3M suggests resources for large-scale deployment - No specific revenue projections or commercial partnerships were announced
The technology shows promise for future manufacturing optimization, but investors should note this appears to be more of a technical milestone than an immediate revenue driver. The hybrid blockchain approach is technically sound but requires significant market validation.
Industry 4.0 refers to the integration of advanced information technology with manufacturing technology to build smart factories and achieve the digitalization and intelligence of production processes. Its core technologies include cyber-physical systems (CPS), the Internet of Things (IoT), big data analytics, and cloud computing, among others. Through these technologies, Industry 4.0 enables the adaptive, self-organizing, and self-optimizing manufacturing processes, thereby improving production efficiency and product quality while reducing production costs and resource consumption.
Cloud manufacturing is a novel manufacturing model based on cloud computing. It virtualizes and shares manufacturing resources such as equipment, software, capabilities, and knowledge as services, enabling on-demand manufacturing and rapid response to market demands. The pay-as-you-go model of cloud manufacturing technology allows enterprises to acquire advanced manufacturing capabilities without massive investments, greatly reducing manufacturing costs and improving resource utilization efficiency.
However, the centralized structure of cloud manufacturing technology brings a series of issues. For instance, centralized cloud manufacturing platforms rely on third-party service providers, which pose risks of single points of failure and data breaches. Additionally, as manufacturing demands increase, the centralized platform faces increased load pressure, which can lead to service interruptions and performance degradation. Manufacturing data is stored on third-party servers, creating risks of data lock-in and malicious tampering.
To overcome these challenges, WiMi proposes a decentralized cloud manufacturing model based on blockchain technology. Blockchain is a decentralized distributed ledger technology that ensures data immutability and traceability through cryptography and consensus algorithms. Each node in the blockchain network maintains a complete copy of the data, and new data is verified and recorded through consensus mechanisms to ensure the authenticity and consistency of the data. Smart contracts, defined by pre-programmed rules and conditions, automatically execute the contract terms. Smart contracts not only enable automated transactions and payments but also can be used for complex business logic and process control, widely applied in finance, law, the Internet of Things, and other fields.
WiMi's decentralized cloud manufacturing model, based on blockchain(BC) technology, utilizes a hybrid structure in its DCMApp architecture design. It combines private and public blockchains, with the Ethereum network serving as the public blockchain. The private blockchain is used to store manufacturing data and resource information within the enterprise, ensuring data privacy and security. The public blockchain (Ethereum) is used to record and verify manufacturing agreements, facilitating decentralized communication between resource providers and customers through smart contracts.
Working principles of DCMApp:
Resource registration and publication: Manufacturing resource providers register resource information onto the DCMApp platform through the private blockchain and publish it onto the Ethereum network using smart contracts.
Resource querying and matching: Customers query the required manufacturing resources through the DCMApp platform, and smart contracts automatically match suitable resource providers based on customer demands.
Protocol signing and execution: Customers and resource providers sign manufacturing agreements through smart contracts, and the agreement terms and execution status are recorded on the Ethereum network.
Data recording and verification: Data generated during the manufacturing process is recorded on the private blockchain, and key data is uploaded to the Ethereum network for verification using hash values, ensuring data immutability and traceability.
Advantages of WiMi's decentralized cloud manufacturing model based on blockchain(BC):
Firstly, it offers decentralization and transparency: By utilizing blockchain technology for managing manufacturing agreements, it eliminates the reliance on third parties, enhancing the transparency and trustworthiness of agreement execution.
Secondly, it significantly improves security and reliability: The distributed storage and cryptography of blockchain ensure the security and immutability of data, reducing the risks of single-point failures and data breaches.
Furthermore, the hybrid architecture of DCMApp allows manufacturing agreements to be stored on the blockchain network at a low cost, eliminating the need for expensive server infrastructure. It also provides excellent scalability.
As Industry 4.0 advances, the DCMApp of WiMi's decentralized cloud manufacturing model based on blockchain (BC) holds broad application prospects in the manufacturing industry. In the future, DCMApp is expected to become a crucial infrastructure in manufacturing, driving the intelligent and digital transformation of manufacturing processes. Furthermore, with the continuous development of blockchain technology, DCMApp's functionality and performance will further enhance, bringing more innovation and value to the manufacturing industry. DCMApp is poised to serve as a blockchain-based decentralized cloud manufacturing model, enabling decentralized communication between resource providers and customers through smart contracts. It overcomes reliability, security, continuity, and scalability issues brought by the centralized structure in cloud manufacturing technology. DCMApp not only enhances the transparency, cost-effectiveness, and security of manufacturing agreements but also eliminates reliance on third parties, providing new impetus for innovation and development in the manufacturing industry. Against the backdrop of Industry 4.0, DCMApp has the potential to become a critical infrastructure in manufacturing, driving the intelligent and digital transformation of manufacturing processes.
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.
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SOURCE WiMi Hologram Cloud Inc.
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