WiMi launches IoT data perception based on Blockchain Technology

WiMi Hologram Cloud, a global Hologram Augmented Reality (AR) Technology provider, has announced an IoT data perception system based on blockchain technology which features decentralized storage, verification of data, automated management driven by smart contracts, and highly secure data exchange enabled by cryptography

Beijing: WiMi Hologram Cloud, a global Hologram Augmented Reality (AR) Technology provider, has announced an IoT data perception system based on blockchain technology which features decentralized storage, verification of data, automated management driven by smart contracts, and highly secure data exchange enabled by cryptography.

The system allows data generated by IoT devices to be recorded directly on the blockchain, ensuring the authenticity of the data source and traceability, while using smart contracts to automatically enforce data transaction rules, facilitating data sharing and maximizing the use of data value without sacrificing privacy, WiMi said.

"The IoT data perception based on blockchain technology can enhance data security and privacy protection. Its use of blockchain's encryption technology and decentralized characteristics ensures the integrity and non-tampering of IoT data during transmission and storage, improves the efficiency and transparency of data transactions, and effectively defends against external attacks and internal fraud", the company said.

"All transaction records are open, transparent and traceable, which improves the trust of the IoT ecosystem and facilitates multi-party collaboration. The automatic execution of data-sharing agreements through smart contracts guarantees the security and compliance of data circulation, promotes cross-subject data sharing and collaboration, and solves the problem of data silos", WiMi said.

"The IoT data perception system based on blockchain technology contains multiple core technology modules, which work in concert to build a highly secure, transparent, and efficient IoT data perception and management system that supports cross-industry and cross-device data sharing and collaboration", it said.

The system comes with important features including data perception collection, blockchain node, smart contracts, identity and access management, locating and GPS positioning, data analysis and prediction and privacy protection and encryption.

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