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Stock impact report

WiMi Hologram Cloud Inc. Researches Innovative Cloud Service Trust Interaction Framework Based on Blockchain Technology

WiMi Hologram Cloud Inc. - American Depositary Share (WIMI) 
Company Research Source: PR Newswire
BEIJING, Nov. 6, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WiMi) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced an Innovative Cloud Service Trust Interaction Framework and Mechanism based on Blockchain Technology. This framework not only enhances the credibility of services but also optimizes the interaction between cloud service providers and users.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 Show less Read more
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