11:57 AM EDT, 08/23/2024 (MT Newswires) -- WiMi Hologram Cloud ( WIMI ) said Friday that its R&D team has delved into the application potential of blockchain in the field of identity management.

The decentralized nature of blockchain as an open distributed ledger offers the possibility of constructing a tamper-proof trust management system, the company said.

WiMi said the team proposed an abstract identity verification model and mitigated cyber-attacks by implanting trust-related information in an encrypted blockchain architecture.

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