WiMi Developed a Decentralized Cloud Manufacturing Model Based on Blockchain(BC)

Company Overview - WiMi Hologram Cloud Inc. is a leading global provider of Hologram Augmented Reality (AR) technology, recently developing a decentralized cloud manufacturing model called Decentralized Cloud Manufacturing Application (DCMApp) based on blockchain technology [1][12] - The company focuses on various professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, and holographic cloud software among others [12] Industry Context - Industry 4.0 integrates advanced information technology with manufacturing technology to create smart factories, enhancing production efficiency and reducing costs through technologies like cyber-physical systems, IoT, big data analytics, and cloud computing [2] - Cloud manufacturing is a novel model that virtualizes and shares manufacturing resources, allowing on-demand manufacturing and rapid market response, significantly reducing costs and improving resource utilization [3] Challenges in Current Models - Centralized cloud manufacturing platforms face issues such as reliance on third-party service providers, which can lead to single points of failure, data breaches, and service interruptions due to increased load pressure [4] - Data stored on third-party servers creates risks of data lock-in and malicious tampering [4] DCMApp Features - DCMApp utilizes blockchain's decentralized and immutable nature to enhance transparency, cost-effectiveness, and security in cloud manufacturing, eliminating the need for trusted third parties [1][5] - The architecture combines private and public blockchains, with Ethereum serving as the public blockchain for recording and verifying manufacturing agreements, while the private blockchain ensures data privacy [6] Working Principles - Resource providers register and publish their information on the DCMApp platform, while customers can query and match resources through smart contracts [7] - Manufacturing agreements are signed and executed via smart contracts, with data recorded on the private blockchain and verified on the Ethereum network [8] Advantages of DCMApp - The decentralized model enhances transparency and trustworthiness by eliminating reliance on third parties [9] - It improves security and reliability through distributed storage and cryptography, reducing risks associated with centralized systems [10] - The hybrid architecture allows for low-cost storage of manufacturing agreements, providing excellent scalability [10] Future Prospects - DCMApp is expected to become a crucial infrastructure in the manufacturing industry, driving intelligent and digital transformation as blockchain technology continues to develop [11] - The model addresses reliability, security, continuity, and scalability issues inherent in centralized cloud manufacturing, fostering innovation and development in the sector [11]