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Stock impact report

WiMi Developed a Lightweight Multi-sectoral Data Sharing System Based on Consortium Blockchains

WiMi Hologram Cloud Inc. - American Depositary Share (WIMI) 
Company Research Source: PR Newswire
BEIJING, March 21, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that it developed a lightweight multi-sectoral data-sharing system based on consortium blockchains. This system can connect data between different departments by creating a network of consortium blockchains and ensuring data security and privacy. In this process, data access and integration become a crucial step. This process involves collecting data from various sectors and integrating them into a unified data platform for subsequent analysis and sharing.Consortium blockchain is a blockchain-based distributed ledger technology that allows multiple participants to share and manage data in a coalition. Compared to public chains, a consortium blockchain is more suitable for data-sharing scenarios between multiple sectors, as it offers higher performance and scalability and can be customized to m Show less Read more
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