BEIJING, Sept. 9, 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 blockchain-based asynchronous federated learning (BAFL). The framework combines blockchain technology and asynchronous learning mechanisms to build a federated learning environment that is both efficient and secure.
Blockchain, with its decentralization, immutability and transparency, has become an important means to guarantee the security of federated learning systems. In BAFL, blockchain records the history of each model update to ensure the integrity and traceability of model data and prevent malicious tampering. Meanwhile, the consensus mechanism of blockchain can identify and exclude abnormal behaviors and enhance the system’s ability to resist poisoning attacks.
Compared to traditional synchronous federated learning, asynchronous learning allows participating devices to flexibly upload model updates according to their conditions without waiting for all devices to complete a training round. This mechanism can significantly improve the flexibility and efficiency of the learning process, especially in environments with high network latency or limited communication between devices. The asynchronous learning mechanism avoids the limitation of waiting for all devices to complete training, speeds up global model aggregation, and can improve the overall learning efficiency. In addition, the asynchronous mode allows devices to participate in learning under poor network conditions or limited resources, which makes the system more adaptable and enhances its popularity.
WiMi’s BAFL aims to solve the problem of data silos and improve the efficiency of model training while safeguarding data security and privacy, which not only solves the inherent security and efficiency problems of federated learning, but also opens up a new path for the distributed training of AI models, and is expected to drive data-driven intelligent applications into a new stage of greater security and efficiency. The blockchain-based asynchronous federated learning framework also shows broad application prospects in various fields such as healthcare, finance, and smart manufacturing. For example, in the healthcare field, hospitals and research institutions, BAFL can be used to share medical record data for joint training of disease prediction and diagnostic models, while protecting patient privacy. In the financial sector, banks and financial institutions can use BAFL to train credit risk assessment models and improve the accuracy of risk identification while complying with data protection regulations. In smart manufacturing, industrial equipment manufacturers can use BAFL to optimize production processes and achieve predictive maintenance and quality control by analyzing data from different factories without fear of data leakage. In the future, BAFL will be a comprehensive technology ecosystem that involves collaborative innovation at multiple levels, including algorithms, hardware, software, policy and marketing.
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.
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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.
