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Stock impact report

WiMi is Researching Federated Blockchain Technology to Build a Decentralized File Storage and Sharing System

WiMi Hologram Cloud Inc. - American Depositary Share (WIMI) 
Company Research Source: PR Newswire
BEIJING, March 4, 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 is working on researching federated blockchain technology to build a decentralized file storage and sharing system.A federated blockchain is a special type of blockchain, which is a blockchain network managed and maintained by multiple organizations. A federated blockchain offers higher performance and privacy protection compared to a public blockchain. In a federated blockchain, a file storage and sharing system can be built, i.e., files are stored on different nodes, and the sharing and transmission of files are realized through blockchain technology. In this system, each node can store and share files, and other nodes can transmit and obtain files through the blockchain network. The security and trustworthiness of the files can be ensured through the consensus mechanism and smart con Show less Read more
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