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WiMi Researches Reinforcement Learning-Based Blockchain Federated Learning Framework to Optimize Model Aggregation Strategy and Security

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BEIJING, Nov. 8, 2024 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WiMi) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced the initiation of exploring the integration of Reinforcement Learning (RL) into the federated learning framework. RL, as a significant branch of machine learning, has become a crucial tool for optimizing the federated learning process due to its decision-making capabilities in complex environments.

Reinforcement Learning is a machine learning approach that enables an intelligent agent to learn optimal strategies through interactions with the environment. In a blockchain-based federated learning framework utilizing reinforcement learning, the reinforcement learning algorithm can dynamically adjust the timing of model aggregation, selection of data participants, and transaction costs. This achieves a balance between information timeliness and data bias, as well as intelligent control over transaction costs, ultimately optimizing the overall learning performance.

In federated learning, there can be significant differences in the datasets of different participants, known as the data bias problem. Additionally, model updates need to be aggregated at the appropriate timing to avoid outdated information affecting overall learning performance. The reinforcement learning algorithm can simulate interactions with the environment to learn when to upload model updates and how to select the most effective models for aggregation under different data distributions. This helps find the optimal balance between information timeliness and data bias. The cost of blockchain transactions, including the consumption of computational resources and network bandwidth, is another important consideration in federated learning. Reinforcement learning can intelligently predict network conditions, resource availability, and transaction priorities to dynamically adjust the frequency and scale of model aggregation. This ensures learning effectiveness while minimizing overall transaction costs. By applying reinforcement learning algorithms to optimize model aggregation strategies, not only does it significantly improve federated learning efficiency and model accuracy, but it also effectively reduces transaction costs.

With the continuous advancement of technology, blockchain-based federated learning frameworks based on reinforcement learning will play a crucial role in various fields such as healthcare, financial services, and the Internet of Things (IoT), promoting the security, efficiency, and widespread adoption of artificial intelligence technology. For example, in the healthcare industry, this framework can facilitate data sharing among hospitals, research institutions, and patients, accelerating the development of disease diagnosis and treatment plans while strictly protecting individual privacy. In the financial services industry, it can assist banks and financial institutions in building more secure and efficient credit assessment and risk management models. In the field of IoT, it enables intelligent collaboration among devices, enhancing the overall network’s responsiveness and intelligence level.

WiMi’s research on the blockchain-based federated learning framework using reinforcement learning represents a significant innovation at the intersection of artificial intelligence, blockchain technology, and reinforcement learning. It provides innovative approaches to address the trust, security, and efficiency issues faced by traditional federated learning. In the future, with further theoretical research and practical applications, the technological potential of blockchain-based federated learning using reinforcement learning will be more fully explored and widely applied in various industry sectors.

About WiMi Hologram Cloud

WiMi Hologram Cloud, Inc. (NASDAQ:WiMi) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within 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 and 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 US 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. Several 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 the 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. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

 

 

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SOURCE WiMi Hologram Cloud Inc.

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Envision Marks First International Application of SAFc at Global Citizen NOW, Providing Environmental Attributes Corresponding to 10 Tonnes of CO₂ Emissions Reductions

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SYDNEY, Oct. 29, 2026 /PRNewswire/ — Envision, a global leader in green technology, expanded its Sustainable Aviation Fuel certificate (SAFc) solution internationally as the Sustainability Partner of Global Citizen NOW: Perth. This marks the company’s first international application of SAFc, demonstrating a practical pathway to integrate aviation decarbonization into the sustainability practices of major global events.

For this event, Envision delivered environmental attributes corresponding to 10 tonnes of CO₂ emissions reductions. These reductions are linked to the actual production and use of sustainable aviation fuel (SAF), with the associated attributes recorded and retired through a leading global Registry to ensure transparency and traceability.

Alongside this initiative, Envision’s Australian team participated in the event’s broader programme, including discussions on clean energy investment and industrial decarbonisation, bilateral meetings, and the Capital Mobilization Roundtable and Masterclass. Through these engagements, the team exchanged perspectives with leaders from business, investment and the climate community on Western Australia’s potential role in the next-generation green industries, while exploring opportunities to strengthen collaboration, mobilize investment and accelerate the clean energy transition.

Co-hosted by Global Citizen and the Government of Western Australia, the summit took place ahead of COP31, convening representatives from governments, businesses, philanthropic foundations, and First Nations communities to advance clean energy access, climate resilience, and inclusive economic development.

The Perth SAFc initiative builds on Envision’s SAFc application at the 26th China International Fair for Investment and Trade (CIFIT) in Xiamen in September, where the company demonstrated how SAFc could address the air-travel emissions of a major conference. Global Citizen NOW: Perth represents the next step—applying this model internationally and demonstrating its potential as a scalable solution for companies and major events seeking to tackle aviation-related emissions across global value chains.

The initiative also reflects Envision’s broader approach to corporate decarbonisation. Across wind and solar power, energy storage, green molecules, net-zero industrial parks, and green computing, Envision is developing integrated solutions to help companies tackle emissions across their operations and value chains.

“Envision will continue to explore the application of green fuels across aviation and international events, foster collaboration throughout the green fuel value chain, and support aviation’s low-carbon transition through transparent, traceable environmental attribute management,” said Bella Zhang, Head of Global SAF at Envision.

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SOURCE Envision

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More Than Business: ChinaMarket’s “Little Bees” Go the Extra Mile for International Buyers

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LINYI, China, Oct. 29, 2026 /PRNewswire/ — When a Malaysian buyer experienced a sudden toothache during the Linyi Mall International Buyers Conference in China, he found help in an unexpected place.

A member of ChinaMarket‘s “Little Bees” service team, Chen Fuqing, promptly accompanied him to a local hospital and assisted him throughout the visit.

It was a small act of kindness, but it reflected something important about doing business in Linyi: international buyers have people they can turn to when they need help.

During the international buyers conference, ChinaMarket established its “Little Bees” service team to assist overseas visitors throughout their stay in Linyi.

From welcoming international buyers and arranging market visits to connecting them with suppliers, helping bridge language barriers, and responding to unexpected situations, the team works to make the sourcing experience easier and more comfortable.

Linyi is home to one of China’s major wholesale market clusters, attracting buyers from around the world with its diverse products, manufacturing resources, and extensive supply chains.

As the official digital platform of Linyi Wholesale Market, ChinaMarket connects global buyers with Chinese suppliers and provides integrated sourcing and trade services.

For international buyers, successful sourcing involves more than finding the right products. Clear communication, reliable coordination, and access to support are equally important.

The “Little Bees” team brings this commitment to life through personal, on-the-ground assistance.

A recent song released by ChinaMarket captures the spirit of the city:

“Come to Linyi, a city that welcomes you with open arms.”

In Linyi, global buyers can discover business opportunities, build partnerships, and experience the warmth of genuine hospitality.

Come to Linyi. Source with ChinaMarket.

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SOURCE ChinaMarket

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UnionPay and Cuscal Paymark Discuss Payment Acceptance and Digital Innovation

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AUCKLAND, New Zealand, Oct. 29, 2026 /PRNewswire/ — Mr. Dong Junfeng, Chairman of China UnionPay and UnionPay International, met with Cuscal Paymark, in Auckland on 19 October 2026 to discuss expanding UnionPay acceptance in New Zealand and opportunities for cooperation in digital payments. Mr. Mike Blomfield, Chief Executive Officer and Julia Nicol, Chief of Staff expressed support UnionPay’s plans and the advancement of key projects.

Cuscal Paymark is New Zealand’s largest payment switching and network services provider. The two parties have maintained a partnership since 2012.  To date, several major banks on its network support UnionPay payments at physical merchants. The company has also incorporated a number of UnionPay product standards into mandatory terminal upgrade requirements, providing a foundation for broader acceptance. Looking ahead, UnionPay will leverage Cuscal Paymark’s local network and transaction processing capabilities to upgrade online and in-store payment platforms and further improve UnionPay acceptance services.

Discussions also covered upgrades to support chip transactions on dual-branded cards, online payment gateway integration, and the joint promotion of SoftPOS solutions to acquirers. The companies agreed to strengthen technical coordination to maintain reliable payment processing during and after system upgrades.

Other topics included agentic payments, digital identity, biometric applications, and payment network connectivity.

Ms. Nicol reaffirmed Cuscal Paymark’s support for UnionPay’s ongoing development in New Zealand and the advancement of key projects. Both parties agreed to explore further cooperation in wallet connectivity and digital payments.

UnionPay entered the New Zealand market in 2008. Its acceptance coverage now exceeds 90%, and UnionPay cards are now widely issued by local financial institutions. UnionPay will continue working with partners to improve payment services, strengthen financial integration between China and other APEC economies, and advance cross-border payment cooperation between China and New Zealand and across the broader Asia-Pacific region.

View original content:https://www.prnewswire.com/apac/news-releases/unionpay-and-cuscal-paymark-discuss-payment-acceptance-and-digital-innovation-302923215.html

SOURCE UnionPay International

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