WiMi Hologram Cloud Inc. Researches Innovative Cloud Service Trust Interaction Framework Based on Blockchain Technology
WiMi Hologram Cloud (NASDAQ: WIMI) announced an innovative cloud service trust interaction framework based on blockchain technology. The framework introduces 'witnesses' and smart contracts to enhance cloud service credibility and optimize provider-user interactions. The system utilizes two types of contracts: witness pool contracts for managing witness selection and rewards, and SLA contracts for service terms and breach handling.
The framework employs Nash equilibrium theory to optimize interactions through automated smart contracts, while a reputation scoring system ensures witness reliability. This solution aims to address traditional SLA model limitations by improving transparency, reducing service violations, and minimizing reliance on third-party institutions.
WiMi Hologram Cloud (NASDAQ: WIMI) ha annunciato un innovativo framework di interazione per i servizi cloud basato sulla tecnologia blockchain. Il framework introduce 'testimoni' e contratti intelligenti per migliorare la credibilità dei servizi cloud e ottimizzare le interazioni tra fornitori e utenti. Il sistema utilizza due tipi di contratti: contratti per la gestione della selezione e delle ricompense dei testimoni e contratti SLA per i termini di servizio e la gestione delle violazioni.
Il framework impiega la teoria dell'equilibrio di Nash per ottimizzare le interazioni attraverso contratti intelligenti automatizzati, mentre un sistema di punteggio della reputazione garantisce l'affidabilità dei testimoni. Questa soluzione mira a superare le limitazioni del modello SLA tradizionale migliorando la trasparenza, riducendo le violazioni del servizio e minimizzando la dipendenza dalle istituzioni terze.
WiMi Hologram Cloud (NASDAQ: WIMI) anunció un innovador marco de interacción de servicios en la nube basado en tecnología blockchain. El marco introduce 'testigos' y contratos inteligentes para mejorar la credibilidad de los servicios de la nube y optimizar las interacciones entre proveedores y usuarios. El sistema utiliza dos tipos de contratos: contratos de grupo de testigos para gestionar la selección y recompensas de testigos, y contratos SLA para los términos del servicio y el manejo de violaciones.
El marco emplea la teoría del equilibrio de Nash para optimizar las interacciones a través de contratos inteligentes automatizados, mientras que un sistema de puntuación de reputación asegura la fiabilidad de los testigos. Esta solución tiene como objetivo abordar las limitaciones del modelo SLA tradicional, mejorando la transparencia, reduciendo las violaciones del servicio y minimizando la dependencia de las instituciones de terceros.
WiMi 홀로그램 클라우드 (NASDAQ: WIMI)는 블록체인 기술 기반의 혁신적인 클라우드 서비스 신뢰 상호작용 프레임워크를 발표했습니다. 이 프레임워크는 '증인'과 스마트 계약을 도입하여 클라우드 서비스의 신뢰성을 높이고 공급자와 사용자 간의 상호작용을 최적화합니다. 시스템은 증인 선택 및 보상을 관리하기 위한 증인 풀 계약과 서비스 조건 및 위반 처리를 위한 SLA 계약 두 가지 유형의 계약을 사용합니다.
이 프레임워크는 내쉬 균형 이론을 활용하여 자동화된 스마트 계약을 통해 상호작용을 최적화하며, 명성 점수 시스템이 증인의 신뢰성을 보장합니다. 이 솔루션은 전통적인 SLA 모델의 한계를 극복하고 투명성을 향상시키며 서비스 위반을 줄이고 제3자 기관에 대한 의존도를 최소화하는 것을 목표로 합니다.
WiMi Hologram Cloud (NASDAQ: WIMI) a annoncé un cadre d'interaction des services cloud innovant basé sur la technologie blockchain. Le cadre introduit des 'témoins' et des contrats intelligents pour améliorer la crédibilité des services cloud et optimiser les interactions entre fournisseurs et utilisateurs. Le système utilise deux types de contrats : des contrats de pool de témoins pour gérer la sélection et les récompenses des témoins, et des contrats SLA pour les modalités de service et la gestion des violations.
Le cadre applique la théorie de l'équilibre de Nash pour optimiser les interactions via des contrats intelligents automatisés, tandis qu'un système de notation de réputation garantit la fiabilité des témoins. Cette solution vise à surmonter les limitations du modèle SLA traditionnel en améliorant la transparence, en réduisant les violations de services et en minimisant la dépendance aux institutions tierces.
WiMi Hologram Cloud (NASDAQ: WIMI) hat ein innovatives Rahmenwerk für die Interaktion von Cloud-Diensten basierend auf Blockchain-Technologie angekündigt. Das Rahmenwerk führt 'Zeugen' und intelligente Verträge ein, um die Glaubwürdigkeit von Cloud-Diensten zu erhöhen und die Interaktionen zwischen Anbietern und Nutzern zu optimieren. Das System nutzt zwei Arten von Verträgen: Zeugenpool-Verträge zur Verwaltung der Zeugenwahl und der Belohnungen sowie SLA-Verträge für die Dienstbedingungen und den Umgang mit Verstößen.
Das Rahmenwerk verwendet die Nash-Gleichgewichtstheorie, um die Interaktionen durch automatisierte intelligente Verträge zu optimieren, während ein Reputationsbewertungssystem die Zuverlässigkeit der Zeugen sicherstellt. Diese Lösung zielt darauf ab, die Einschränkungen des traditionellen SLA-Modells zu überwinden, indem sie die Transparenz verbessert, Dienstverletzungen verringert und die Abhängigkeit von Drittparteien minimiert.
- Development of innovative blockchain-based trust framework for cloud services
- Implementation of automated smart contract system for service monitoring
- Introduction of witness-based supervision mechanism reducing third-party dependence
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Insights
The announcement of WiMi's blockchain-based cloud service trust framework, while technically interesting, has minimal immediate business impact. The technology is still in research phase without clear monetization plans or implementation timeline. The framework's focus on using blockchain for SLA management and witness-based validation is conceptually sound but faces significant practical challenges in real-world adoption.
The proposed system's complexity involving Nash equilibrium theory, witness pools and smart contracts suggests a lengthy development and testing period before any potential market deployment. For investors, this represents early-stage R&D rather than a near-term revenue driver. While it demonstrates the company's technical capabilities, there's no clear path to commercial application or financial returns.
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Service Level Agreements (SLA) play a crucial role in ensuring the quality of cloud services. However, traditional SLA models have inherent uncertainties in practical applications, making it challenging to guarantee absolute trustworthiness. To address this issue, WiMi proposed a revolutionary model that introduces the role of "witnesses" and utilizes the decentralized nature of blockchain technology to supervise and constrain cloud services through smart contracts.
In the traditional SLA model, agreements between customers and cloud service providers primarily rely on mutual trust and contractual obligations. However, due to the lack of effective monitoring mechanisms, service violations are not uncommon. Existing solutions often depend on third-party institutions, which themselves may have issues of fairness and efficiency. To tackle this, the proposed solution leverages smart contracts and game theory's Nash equilibrium theory to enhance the credibility of cloud services. It aims to reduce service violations and resource wastage through automated means.
In the innovative cloud service trust interaction framework developed by WiMi, based on blockchain technology, witnesses are regular nodes within the blockchain network who earn profits by supervising cloud transactions. The primary responsibilities of witnesses include monitoring the implementation of services, ensuring transactions adhere to predetermined SLA terms, and providing evidence support in case of disputes. The introduction of witnesses not only enhances the transparency and credibility of services but also reduces reliance on third-party institutions. Within this framework, two types of smart contracts are designed: witness pool contracts and SLA contracts. The witness pool contracts manage the selection and reward distribution of witnesses, while the SLA contracts contain specific service terms and breach handling mechanisms.
Witness Pool Contracts: Witness pool contracts are used to manage the registration and selection process of witnesses. Before a transaction begins, customers and providers collectively determine the required number of witnesses and randomly select appropriate witnesses through the witness pool contract. This random selection mechanism ensures the fairness and unpredictability of witnesses, preventing collusion and fraudulent behavior.
SLA Contracts: SLA contracts specify the detailed terms of the service, including service duration, fees, rewards, and breach handling methods. During the execution of a transaction, the SLA contract automatically monitors the implementation of services and decides whether to enforce corresponding penalties or rewards based on feedback from witnesses.
The selection of witnesses is a critical component of this framework. To ensure fairness and effectiveness, a mechanism combining random selection and reputation scoring is employed. In the witness pool contract, each witness has a dynamic reputation score, and witnesses with higher scores have a greater probability of being selected. This mechanism not only encourages witnesses to provide fair and reliable services but also improves the overall quality of witnessing through competition.
In the model developed by WiMi, the Nash equilibrium theory is used to optimize the interaction between cloud service providers and users. Through analysis of each party's interests and strategy design, a set of balancing mechanisms is established to ensure the stability and efficiency of the entire system while maximizing individual interests.
In practical applications, the automation of Nash equilibrium is achieved through smart contracts. First, strategy analysis uses smart contracts to calculate possible equilibrium points based on each party's initial strategies and preferences. Second, strategy execution adjusts the strategies of each party during the transaction process, as the smart contract moves towards the calculated Nash equilibrium point. Finally, in result validation, after the completion of the transaction, the smart contract compares the actual results with the predetermined Nash equilibrium point and adjusts the reputation scores of witnesses. This process ensures fairness and transparency in transactions while reducing human intervention and errors through automated mechanisms.
In the current wave of digital transformation, WiMi redefines the trust and supervision mechanisms of cloud services by introducing a blockchain-based trust interaction framework. Traditional SLA models often suffer from trust crises due to the lack of effective supervision and transparency. However, this solution significantly enhances transparency and fairness of services by introducing the role of witnesses and smart contracts, while also significantly reducing the likelihood of service violations. This innovative mechanism will bring higher credibility and customer satisfaction to the cloud service industry.
WiMi leverages the decentralized and tamper-resistant features of blockchain technology, combined with the game theory's Nash equilibrium theory, to effectively constrain and incentivize the behavior of cloud service providers and customers. The random selection and dynamic reputation scoring mechanism of witnesses ensure fairness and effectiveness in the supervision process, while the automation of smart contract execution greatly improves the efficiency and accuracy of services. This innovation not only enhances the quality and reliability of cloud services but also provides new ideas and practical experience for future smart contract and blockchain applications.
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.
FAQ
What is WiMi Hologram Cloud's new blockchain-based framework?
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