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SHENZHEN, China - MicroCloud Hologram Inc. (NASDAQ:HOLO), a $54 million market cap provider of Hologram Digital Twins Technology with 42% revenue growth in the last twelve months, has announced the development of a new blockchain reconstruction solution designed to enhance security and data integrity in the event of an attack on blockchain systems. According to InvestingPro analysis, the company currently trades at a low Price/Book multiple of 0.27, suggesting potential undervaluation despite its weak financial health metrics. The company introduced this technology today, aiming to enable quick restoration and maintain data consistency using verifiable secret sharing (VSS) technology.
VSS is a cryptographic method that divides a private key into multiple shares, which are then distributed among participants. The original key can only be reconstructed when a sufficient number of shares are combined, ensuring that blockchain data can be recovered even if some nodes are compromised. Additionally, HOLO’s solution includes redundant storage across distributed nodes to improve system fault tolerance.
The solution also features dynamic participant selection and verification to ensure that only trusted nodes are involved in maintaining and reconstructing blockchain data. Furthermore, a reward and punishment mechanism has been established to discourage dishonest behavior and incentivize proper reconstruction efforts.
This innovative approach by HOLO contrasts with traditional mechanisms by allowing immediate effect without the need for negotiation or trust establishment among different blockchain parties. Users can independently reconstruct their data without dependence on potentially untrustworthy participants. The transparency and traceability of all operations during the reconstruction process are meant to ensure the consistency and integrity of data.
HOLO’s technology services encompass a range of holographic applications, including light detection and ranging (LiDAR) solutions and advanced driver assistance systems (ADAS). The company holds a proprietary holographic digital twin technology resource library and provides services globally.
The introduction of HOLO’s blockchain reconstruction solution could potentially have a significant impact on the security of encrypted systems, particularly as blockchain technology continues to evolve and expand in application. While the company shows technological promise, InvestingPro data reveals significant stock volatility, with the share price declining over 93% year-to-date. InvestingPro subscribers have access to 15 additional key insights about HOLO’s financial health and market performance, helping investors make more informed decisions.
This announcement is based on a press release statement and contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The actual results may differ materially due to a variety of risks and uncertainties. For comprehensive analysis of HOLO’s financial metrics, valuation, and growth potential, visit InvestingPro to access detailed financial health scores, Fair Value estimates, and expert insights.
In other recent news, MicroCloud Hologram Inc. reported a notable increase in operating revenue for fiscal year 2024, reaching approximately $40.76 million, a 42.16% rise from the previous year. The company’s service business revenue surged by 53.04%, contributing significantly to this growth. In addition, MicroCloud experienced a substantial increase in cash and cash equivalents, growing by 575.54% year-over-year to approximately $118.45 million. The company also announced a strategic investment in Bitcoin and cryptocurrency-related securities derivatives, totaling up to $200 million, as part of its diversification strategy. This investment is intended to bolster MicroCloud’s financial stability and provide insights into market dynamics. Furthermore, MicroCloud unveiled a new quantum key distribution protocol aimed at enhancing quantum transmission security and information efficiency. The protocol is based on quantum Fourier transform techniques and represents a significant advancement in the field. In another development, MicroCloud introduced a two-qubit dephasing noise spectral protocol to improve the study of quantum noise. These recent initiatives reflect MicroCloud’s commitment to innovation and technological advancement across various sectors.
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