MicroCloud Hologram Announced an Edge Storage (Computing) System Based on Blockchain Technology
In the system, each edge device has a unique identification that is used to distinguish and verify the identity of the device. When a device wants to share data, it can publish the data to the blockchain and specify the access rights and exchange rules through a smart contract. Other devices can query and access the data through the blockchain, as well as pay the corresponding fees through smart contracts. In this way, data can be easily shared and exchanged between edge devices, realizing the value of data circulation. HOLO realized the value of data circulation by combining edge storage with blockchain technology. Edge storage can store data closer to the source of data generation, allowing data to be accessed and shared more quickly. At the same time, blockchain technology can ensure that data is secure and trustworthy, preventing it from being tampered with or forged. In this way, the process of circulating data can be more efficient and secure.
Suppose an IoT device generates a large amount of sensor data that needs to be used by different applications and users. The traditional way is to store the data in the cloud and then transmit it over the network to where it is needed. However, due to the large amount of data and network latency, the transmission process can be slow, affecting the real-time availability and usability of the data. The edge storage (computing) system based on blockchain technology can solve this problem. Devices can store data in edge nodes closer to them, which can reduce the delay of data transmission. At the same time, the security and integrity of data can be ensured through the encryption and authentication mechanisms of blockchain technology. In this way, other applications and users can access the data faster and can trust the authenticity of the data.
The edge storage (computing) system architecture based on blockchain technology includes edge nodes, blockchain networks, smart contracts and data storage.
Edge nodes: Edge nodes are devices distributed at the edge of the network, such as sensors, IoT devices, and mobile devices. These nodes, by connecting to the blockchain network, can distribute data storage and computation tasks to the edge devices, enabling distributed storage and computation.
Blockchain network: A blockchain network is a decentralized network consisting of a set of edge nodes. Each node has a full copy that stores all transaction records and smart contracts. Through consensus algorithms, nodes can agree and ensure data security and reliability.
Smart contract: Smart contracts are programmable codes that execute on the blockchain. They define rules for storage and computation and can automatically enforce these rules. Smart contracts can be used to realize data circulation and value exchange, and ensure the security and reliability of data.
Data storage: Data storage in blockchain edge storage (computing) can be divided into two parts. One part is the transaction records and smart contracts stored on the blockchain, and the other part is the data stored on the edge nodes. By storing data on edge nodes, the latency and bandwidth consumption of data transmission can be reduced and the privacy and security of data can be improved.
These components collaborate to enable distributed storage and computation of data, as well as data circulation and value exchange. HOLO's blockchain-based edge storage and edge computing system uses smart contracts to manage data storage and computation. By using blockchain's decentralized and untamperable features, the security and trustworthiness of data can be ensured.
About MicroCloud Hologram Inc.MicroCloud Hologram Inc. (NASDAQ:HOLO) engages in the research and development, and application of holographic technology. MicroCloud Hologram provides its holographic technology services to its customers worldwide. MicroCloud Hologram also provides holographic digital twin technology services and has a proprietary holographic digital twin technology resource library. MicroCloud holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. MicroCloud Hologram technology services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems (ADAS).
Safe Harbor Statements
This press release contains 'forward-looking statements' within the meaning of 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, as well as 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 U.S. 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. A number of 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 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, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable laws.
Contacts
MicroCloud Hologram Inc.IR@mcvrar.com
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Pinnacle Financial Partners (PNFP) Reports Q2: Everything You Need To Know Ahead Of Earnings
Regional banking company Pinnacle Financial Partners (NASDAQ:PNFP) will be reporting results this Tuesday after market hours. Here's what to expect. Pinnacle Financial Partners missed analysts' revenue expectations by 3% last quarter, reporting revenues of $462.9 million, up 8.1% year on year. It was a slower quarter for the company, with a slight miss of analysts' net interest income estimates. Is Pinnacle Financial Partners a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Pinnacle Financial Partners's revenue to grow 34.7% year on year to $493.9 million, a reversal from the 13.7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.91 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Pinnacle Financial Partners has missed Wall Street's revenue estimates four times over the last two years. With Pinnacle Financial Partners being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, there has been positive investor sentiment in the segment, with share prices up 10.3% on average over the last month. Pinnacle Financial Partners is up 14.2% during the same time and is heading into earnings with an average analyst price target of $127.46 (compared to the current share price of $118.20). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Fulton Financial Earnings: What To Look For From FULT
Regional banking company Fulton Financial (NASDAQ:FULT) will be announcing earnings results this Tuesday after the bell. Here's what to expect. Fulton Financial beat analysts' revenue expectations by 1.8% last quarter, reporting revenues of $318.4 million, up 20.6% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' EPS estimates and a decent beat of analysts' tangible book value per share estimates. Is Fulton Financial a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Fulton Financial's revenue to decline 5% year on year to $318 million, a reversal from the 22.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.45 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Fulton Financial has missed Wall Street's revenue estimates twice over the last two years. With Fulton Financial being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, there has been positive investor sentiment in the segment, with share prices up 10.3% on average over the last month. Fulton Financial is up 11.2% during the same time and is heading into earnings with an average analyst price target of $19.80 (compared to the current share price of $19.11). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
an hour ago
- Yahoo
Paycor Earnings: What To Look For From PYCR
Online payroll and human resource software provider Paycor (NASDAQ:PYCR) is expected to be reporting results this Tuesday after the bell. Here's what to look for. Paycor beat analysts' revenue expectations by 1.8% last quarter, reporting revenues of $180.4 million, up 13.1% year on year. It was a satisfactory quarter for the company. Is Paycor a buy or sell going into earnings? Read our full analysis here, it's free. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Paycor has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 2.4% on average. With Paycor being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for finance and hr software stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. during the same time. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
