WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a global leader in Hologram Augmented Reality (“AR”) Technology, announced its groundbreaking research into federated blockchain technology. This innovation aims to construct a decentralized file storage and sharing system, enhancing data security and user control.
Revolutionizing File Storage and Sharing
The core of WiMi’s federated blockchain-based system lies in its unique approach to file management. By encrypting and splitting files into smaller blocks distributed across various nodes, it ensures the integrity and reliability of data. Users can fine-tune access rights to their files using smart contracts, making data sharing secure and efficient. This system represents a significant leap over traditional centralized file storage solutions, offering benefits such as enhanced data security, decentralization, scalability, and performance.
System Architecture and Functionality
At the heart of this innovative system is a layered architecture comprising the application layer, blockchain layer, and storage layer. The application layer provides a user-friendly interface for file operations, while the blockchain layer manages file metadata, ensuring data consistency through consensus algorithms. The storage layer, possibly utilizing distributed file systems or cloud services, holds the actual file contents. This structure allows for a decentralized approach to file storage and sharing, significantly reducing risks associated with centralized servers, such as single points of failure and data breaches.
Enhancing Security and Reliability Through Blockchain
Blockchain technology’s inherent encryption and authentication mechanisms safeguard files during storage and transmission. Each node within the network possesses a unique identity and digital signature, verifying the integrity and authenticity of files. Furthermore, the blockchain’s tamper-proof ledger ensures that every file operation is recorded, providing traceability and enhancing the system’s transparency and credibility. By leveraging smart contract technology, WiMi’s system also introduces advanced file management features, automating operations such as file access control and sharing rules, thereby boosting system automation and efficiency.
WiMi Hologram Cloud’s foray into federated blockchain technology marks a significant milestone in the evolution of file storage and sharing systems. By offering a more secure, reliable, and efficient solution, WiMi not only enhances user experience but also contributes to the broader advancement of technology industry standards.