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0.00413793103448269 0.0302298850574713 0.00344827586206897 -0.0121839080459771 -0.0173563218390805 -0.0231034482758621 -0.0309206896551725 -0.0343057471264368
Stock impact report

WiMi Hologram Cloud Announced an Identity Management Model Based on Blockchain

WiMi Hologram Cloud Inc. - American Depositary Share (WIMI) 
Company Research Source: PR Newswire
BEIJING, Aug. 23, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that its R&D team delved into the application potential of blockchain in the field of identity management. The decentralized nature of blockchain as an open distributed ledger offers the possibility of constructing a secure, transparent, and tamper-proof trust management system. Using graph theory and blockchain frameworks, the team proposed an abstract identity verification model and successfully mitigated popular cyber-attacks by implanting trust-related information in an encrypted blockchain architecture.WiMi's blockchain technology-based identity management model provides a decentralized, tamper-proof distributed ledger through blockchain technology. In the identity management model, the blockchain network acts as a foundation of trust, ensuring that the identities and transaction records o Show less Read more
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