WiMi is Working on the Blockchain Secure Storage Strategy Based on the MCMC Algorithm

By: WiMi Hologram Cloud, Inc. via GlobeNewswire

January 12, 2024 at 08:00 AM EST

Beijing, Jan. 12, 2024 (GLOBE NEWSWIRE) -- 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 employing Markov Chain Monte Carlo (MCMC) to blockchain storage. A new blockchain storage strategy is being proposed that reduces the block information in different nodes according to a stochastic algorithm. This blockchain secure storage strategy utilizes MCMC to improve blockchain data storage security. The MCMC algorithm has a wide range of applications in the fields of random sampling, mathematical expectation estimation, and definite integral calculus. The security of blockchain is built on the base of randomness.

The core of the blockchain secure storage strategy based on the MCMC algorithm is to use the MCMC algorithm to generate a series of random numbers, which are used to generate key data such as transaction hashes in the blockchain. By controlling the generation and distribution of random numbers, the randomness and unpredictability of the generated hashes can be ensured, thus improving the security of the blockchain.

Specifically, the blockchain security storage strategy based on the MCMC algorithm includes procedures such as determining the data scope, building the MCMC algorithm, generating random numbers, encrypting processing, and distributed storage. Firstly, it is necessary to define the scope of data to be protected, including transaction data, block data, and other key information. Then build the MCMC algorithm and choose the appropriate MCMC algorithm according to the characteristics of the data and security requirements. The MCMC algorithm is utilized to generate a series of random numbers, which will be used to generate key data in the blockchain. The generated key data is encrypted to ensure the confidentiality and integrity of the data. The encrypted data is then stored in each node of the blockchain to realize data storage and backup. Therefore, the blockchain security storage strategy based on the MCMC algorithm can effectively improve the security of blockchain data and prevent data from being tampered with. At the same time, the strategy can also ensure the confidentiality and integrity of the data by technical means such as encryption processing and distributed storage, further enhancing the security of the blockchain.

The blockchain security storage strategy based on the MCMC algorithm can be customized and optimized according to the actual needs, and adapts to the application needs in different scenarios. And through encryption processing, and distributed storage, and other technical means to ensure the confidentiality and integrity of the data, so that the data will not be leaked in the transmission and storage process. This greatly improves the security and integrity of data, provides strong support for the development and application of blockchain, and is also of great significance for financial, medical, and other fields with extremely high requirements for data security. The MCMC algorithm can efficiently carry out random number generation and hash computation, optimize the performance, improve the blockchain's transaction speed and throughput, further expand the scope of the application of blockchain technology, and promote the popularization and application of blockchain technology.

The blockchain security storage strategy based on the MCMC algorithm is an innovative blockchain technology application mode, and its development will promote the innovation and progress of blockchain technology, and promote the maturity and perfection of blockchain technology. This is of great significance to the development of the entire blockchain industry. In the future, WiMi will also try to combine the blockchain security storage strategy based on the MCMC algorithm with other technologies, such as artificial intelligence, IoT, cloud computing, etc., in order to realize more intelligent, efficient, and automated data security protection.

About WIMI Hologram Cloud
WIMI Hologram Cloud, Inc. (NASDAQ: WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements
This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company's strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company's annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Contacts
WIMI Hologram Cloud Inc.
Email: pr@wimiar.com
TEL: 010-53384913

ICR, LLC
Robin Yang
Tel: +1 (646) 975-9495
Email: wimi@icrinc.com

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WiMi is Working on the Blockchain Secure Storage Strategy Based on the MCMC Algorithm

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