WiMi Hologram Cloud Inc (WIMI)

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WiMi Build A New Enterprise Data Management System Through WBM-SME System.

Source
https://www.newstrail.com/wimi-build-a-new-enterprise-data-management-system-through-wbm-sme-system/

February 6, 2023

With the deepening of Internet technology digitization, the efficiency and productivity of small and medium-sized enterprises (SMEs) have also improved significantly in the past few years. Small business connections, access, exchange, add, and change transaction execution and their partners are also becoming inseparable. Data exchange, financial management, manufacturing and productivity collaboration, and privacy and security are also gaining attention from SMEs. With the rapid development and application of emerging technologies such as blockchain, artificial intelligence (AI) and industrial Internet of Things (IoT), our society is stepping into the era of Web3.0. With stronger ability of digital links, the global business environment has also changed the development model of small and medium-sized enterprises (SMEs). WiMi Hologram Cloud (NASDAQ: WIMI) combines blockchain, artificial intelligence (AI) and industrial Internet of Things (IoT) technology to develop data management systems for SMEs to help enterprises realize efficient, collaborative and intelligent processing of data.

With the trend of stronger links in the Web3.0 era, SMEs also faces many challenges. For example, the current distributed data management platform designed for SMEs has the data collaboration and link ability between platforms to ensure the data accuracy, integrity and reliability of enterprise operation, so that the data management efficiency is low and the data utilization is insufficient. In addition, data encryption protection and tamper-proof also need to be greatly improved. In the current SME data management, it is mostly based on the centralized server management mode, which also causes problems in data collaboration and data trust between two different enterprise partners. The reason for the centralized management of enterprise database infrastructure is also based on enterprise data security, privacy and data extraction efficiency, and necessity. Therefore, it is the core problem of enterprise data management to improve the efficiency and productivity of enterprises through intelligent analysis, and to revitalize the sleeping data. Based on this, WiMi Hologram Cloud develops an intelligent collaboration system for data management for SMEs, so that enterprises can enter a more efficient link collaboration in the Web3.0 era, so that enterprise data can be efficiently used and processed with enterprise data in any location in the world.

WiMi Hologram Cloud Using the collaboration technology of blockchain, Internet of Things (IoT), and artificial intelligence (AI) and machine learning (ML), it proposes a novel and efficient security framework with standardized processes, hierarchy, and task life cycle for distributed SMEs. A blockchain with a licensed less network structure that supports the Internet of Things are designed as a WBM-SMEs system to provide solutions for cross-chain platforms. The WBM-SMEs system also addresses authentication issues among lightweight partners.
To this end, three different chain codes were deployed. It handles the daily management and exchange of information between nodes of participating small and medium enterprises, analyzing the transaction details related to the exchange before saving the blockchain immutable storage. Use ML-based AI artificial neural networks to process and optimize the number of daily transactions for smes; therefore, WBM-SMEs systems consume less resources in terms of computing power, network bandwidth, and issues related to data preservation throughout the delivery of SMEs services. The advantages of WBM-SMEs system improve the speed of ledger management and optimization when exchanging information between different chains.

WiMi Hologram Cloud (NASDAQ: WIMI) WBM-SMEs system has several advantages in enterprise data and process management:
Efficiency and analysis:
It enables the current process between customers and enterprises to achieve efficient collaboration, for example, the mutual chain between manufacturing, production and research and development, including data collection, management and optimization, and the collection and analysis of digital technology through artificial intelligence, to help enterprises improve efficiency and provide detailed and favorable analysis.

Data security and transaction transparency:
standard process and the security, tamper-proof hierarchy ensures the information confidentiality, transparency and authenticity, WBM-SMEs system (support block chain and AI distributed framework) provides a platform, on the platform design, creation and deployment of distributed application (DApp), in order to achieve transparent trading environment. The SME-related processes can be automatically analyzed and processed, especially the transaction verification and confirmation, so that the two parties of the transaction partners can share resources.

Data and Services Lightweight:
A distributed public perensless network that integrates blockchain with AI technology provides a lightweight authentication mechanism that reduces the cost of computing resources and network bandwidth and storage.

The WiMi Hologram Cloud WBM-SMEs system hierarchy is an integrated blockchain and AI-supported framework, divided into three different parts.
- The first is the IoT process hierarchy designed to collect, examine, and analyze data or transactions generated by SMEs. After proper inspection, the WBM-SMEs system designed a schedule for the data transmission through a wireless sensor network and implemented a management hierarchy for managing daily transactions.
- Second, the AI part is divided into two parts, such as computational resource management and neural network algorithms. A lightweight authentication is created in the middle to provide the ability to grant access to each application request after distributed Application (DApp) authentication. New SMEs or corresponding registrations are processed by the Blockchain Distributed Ledger Expert (BDLE). BDLE is responsible for initiating new registration verification after a complete analysis of the received request and allowing the initiation of transactions in the chain and the exchange of details. Use AI-enabled machine learning algorithms (AI neural networks) to manage and optimize data. The process eliminates repeated data / transactions and organizes logs in sequence, while reducing the consumption of computing resources and the save load.
- Third, the blockchain-unlicensed public network (a peer-to-point network with node interconnection) is deployed together with two different communication chains under and on the chain. The two designed communication channels handle multiple transactions occurring in the chain, for example, application requests, node-to-node activity, operational control, external communications, and information exchange. For example, the chain receives internal transaction requests with hidden processing. On the other hand, underchain communication handles all explicit activities (off-chain / cross-chain platform). The main goal of a blockchain transaction processor is to schedule a list of transactions that is provided by external calculation and execution. The calculation load is reduced by calculating the hash value of the individual transactions occurring in the WBM-SMEs system. The Inter-Planetary File Storage System (IPFS) is used to store the logs of individual transactions that occur in the chain of WBM-SMEs. The purpose is to use this distributed immutable storage, as it can provide a ledger storage facility at the lowest cost, compared to other distributed storage. The main reason for its use is that it allows for a scalable and cost-effective hierarchy in a distributed manner.

WiMi Hologram Cloud (NASDAQ: WIMI) WBM-SMEs system has developed a classification mechanism that checks the redundancy in the data / transactions of SMEs and extracts the raw data, while discarding duplicates in the pre-validation process. This process facilitates computational resource management to reduce computational costs and submit validated data in the ledger for further processing. In order to use this ML technology in the WBM-SMEs systems, especially artificial neural networks (ANN), to manage daily transactions. In terms of analyzing the ledger, the implementation of ANN technology addresses data management, organization, and optimization issues. Found some new vulnerabilities in the distributed data management environment, such as data / transaction detection problems, and unstable identification of files in different nodes, to analyze these problems, WiMi Hologram Cloud built a data identification mechanism using machine learning and associated it with ANN, it can effectively extract models, detect, identify and classify SMEs data files and transaction information, connect to ANN to arrange for log processing, and minimize the risk of data capture / loss by providing large-dimensional space for classification.

Nowadays, Enterprises highly dependent on digital management, in the Web3.0 open chapter to provide more efficient stronger links, the development of small and medium-sized enterprises face many challenges and new opportunities, WiMi Hologram Cloud WBM-SMEs block chain, AI, IoT technology for small and medium-sized enterprises to build a encryption, tamper-proof, safe, convenient lightweight, intelligent for the integration of data management system for small and medium-sized enterprises into the Web3.0 era can assign, improve efficiency and productivity, to provide enterprises with more efficient intelligent digital management ability.