Wimi Proposes A Vehicular Networks-based Consensus Algorithm To Improve Data Security And Response Speed

WiMi Hologram Cloud, a leading global Hologram Augmented Reality (AR) Technology provider, has proposed a custom vehicular networks-based consensus algorithm (VBCA) to secure data across the network. The algorithm uses a blockchain to maintain a secure pool of confirmed information exchanged in the network, optimizing transmission efficiency, reducing average data exchange latency, and increasing the magnitude of confirmed data exchanges decentralized without compromising data integrity and security. Autonomous vehicles (AVs) have attracted significant attention as an evolving technology for intelligent transportation systems (ITS). These vehicles usually have various onboard resources, such as sensors, radar, cameras, storage devices, event recorders, etc. WiMi’s VBCA solution, a lightweight decentralized ledger system, allows easy integration of recent blocks with existing P2P networks, reducing communication latency by combining blockchain with P2P networks.