Learn about the latest developments of the Central Bank's Digital Currency Research Institute in one article
Recently, the Digital Currency Research Institute of the People's Bank of China released the "Digital Research Rising Star Program" internship and employment recruitment. The announcement shows that this recruitment is open to the 2021 and 2022 master's and doctoral students in major universities across the country. Computer-related majors, economics and finance, mathematics, statistics and other majors are preferred. The specific internship locations are Suzhou, Shenzhen and Beijing. At the same time, the announcement also revealed that the selected interns will participate in national strategic projects. Before interpreting this information related to the central bank's digital currency, let's take a deep look at the central bank's digital currency research institute.
The Central Bank’s Digital Currency Research Institute is a department of the People’s Bank of China. In September 2016, with the approval of the central editorial office, the People’s Bank of China established a directly affiliated institution, the People’s Bank of China Digital Currency Research Institute, referred to as the “Digital Currency Research Institute”, which was formally established in 2017. The first director was Yao Qian, the head of the preparatory group of the Digital Currency Research Institute of the People's Bank of China, who resigned in October 2018. The second director was officially appointed by Mu Changchun, the former deputy director of the Payment and Settlement Department of the Central Bank in September 2019. From the name of the research institute, we can clearly understand that it is a scientific research institution that researches and develops the digital currency of my country's central bank. "Member of the National Team". Therefore, its status and advancement in digital currency research and development are beyond doubt.
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01 Professional priority
The recruitment announcement of the "Institute of Mathematics" stated that it will give priority to recruiting majors in computer-related majors, economics and finance, mathematics, statistics and other majors. These professions are closely related to the central bank's digital currency DCEP. First of all, the definition of DCEP is my country's electronic renminbi, then DCEP is a legal currency, which has economic significance and financial attributes, and has nothing to do with economics and finance. As a legal currency, it is closely related to mathematics in terms of circulation, settlement, liquidation, transfer, and remittance. At the same time, DCEP, as an electronic currency, is closely related to computer technology. Statistics is inseparable from the process of currency issuance and withdrawal.
As the central bank's legal digital currency, DCEP has a great impact on my country's economic stability and financial development in terms of its own attributes and circulation. The issuance of tokens has an equally significant impact on the order building of the entire world economic system, and the issuance must be done with caution. At the same time, the research and development of my country's central bank's digital currency has also lasted for several years, and there is an urgent need for outstanding new talents to inject new vitality and new ideas into DCEP's research and development and system construction. Therefore, these majors related to the central bank's digital currency have become the priority admission objects of the "Numerical Research Institute".
National-level strategic projects are often the country's most important weapon, and the manpower, material resources, and financial resources required are huge. The same is true for the research and development of the central bank's digital currency. Prior to this, the Central Bank's Digital Currency Research Institute has recruited for the society many times. In May 2019, the Shenzhen Financial Technology Research Institute under the Central Bank's Digital Currency Research Institute released a recruitment plan for 20 positions, including cryptographic algorithm engineers. It is reported that the Shenzhen Financial Technology Research Institute is a research institution and an enterprise operating entity approved by the Central Bank and established by the Digital Currency Research Institute in Shenzhen. In 2018, it invested 2 million yuan to establish Shenzhen Financial Technology Co., Ltd., which is currently the only financial technology development company wholly-owned by the Central Bank’s Digital Currency Research Institute.
According to Beijing Business Daily, the Shenzhen Institute of Financial Technology released 33 job postings in August 2019, among which the salaries of blockchain architects, platform/mobile senior architects are 50k-100k, and senior economists , senior operation and maintenance engineer, senior technical expert, security architect salary between 40k-80k.
In October 2019, the Personnel Department of the People's Bank of China issued the "Announcement on Recruitment (Recruitment) of People's Bank of China's Branches and Directly Affiliated Units in 2020". Majors in computer science, cryptography, microelectronics and econometrics. Relevant work mainly involves the research and development of software systems for legal digital currency and related models, the technical research and development of legal digital currency transaction terminals, and the analysis of financial technology, digital currency, payment and settlement related fields, etc.
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02 Internship location
The announcement revealed that the internship locations of the recruited interns are Suzhou, Shenzhen, and Beijing. According to the previously disclosed information about the central bank's digital currency, we have learned that my country's central bank's digital currency DCEP will be piloted in Shenzhen, Suzhou, Xiong'an, Chengdu and the future Winter Olympics. This also confirms from the side that the previously disclosed information about the DCEP pilot areas is correct. Since last year, my country’s central bank’s digital currency DCEP has been making frequent moves and news. The signals released at one time made everyone think that DCEP is about to come out. However, until now, the central bank has not made any definite response to the specific issuance time of the central bank’s digital currency.
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03 National strategic project?
The recruitment announcement also revealed that the selected interns will participate in national strategic projects. The main responsibility and business scope of the Central Bank Digital Currency Research Institute is to carry out digital currency research and promote the development of financial undertakings. Digital currency research and development, digital currency prototype design and construction, digital currency experiment and promotion, digital currency system construction and operation and maintenance. Therefore, the so-called participation in national-level strategic projects most likely refers to participating in the research and development of my country's central bank digital currency DCEP.
The "Numerical Research Institute" also has a number of scientific research centers such as the Shenzhen Financial Technology Research Institute, the Yangtze River Delta Financial Technology Co., Ltd., and Nanjing Financial Technology Research and Innovation that we mentioned earlier. Shenzhen Financial Technology Research Institute undertakes financial technology-related technology development, technical consulting, technology transfer, technical services; financial technology-related system construction and operation and maintenance. The Yangtze River Delta Financial Technology Co., Ltd. undertakes the construction and stable operation of the legal digital currency infrastructure; undertakes the key technical research and pilot scene support of the legal digital currency, supporting research and development and testing; focuses on blockchain, cryptography and other financial technology frontiers . Nanjing Financial Technology Research and Innovation Center will be supported by new technologies such as mobile Internet, blockchain, big data, artificial intelligence, etc., focusing on the research and development of digital currency encryption algorithms and underlying core technologies of blockchain, and completing the digital currency assigned by the Central Bank Digital Currency Research Institute key technology research.
Not only that, the "Institute of Numbers" is also actively cooperating with Internet technology companies, aiming to promote the overcoming of difficulties in technologies such as blockchain. In November 2019, Fan Yifei, member of the Party committee and vice president of the People's Bank of China, and his team visited Huawei's Shenzhen headquarters for investigation, and together with Xu Zhijun, Huawei's rotating chairman, witnessed the signing of the strategic cooperation agreement between the People's Bank of China Clearing Center and Huawei, and the signing of the strategic cooperation agreement between the People's Bank of China and Huawei. A memorandum of cooperation on financial technology research between the Bank's Digital Currency Research Institute and Huawei was signed.
In April of this year, the Digital Currency Research Institute of the People's Bank of China also signed a cooperation agreement with SenseTime. The two parties will cooperate in the field of artificial intelligence innovation research and application development in the financial technology field. innovation and landing. In July, the Central Bank's Digital Currency Research Institute and Didi Chuxing formally reached a strategic cooperation agreement to jointly research and explore the scenario innovation and application of digital renminbi in the field of smart travel. The two parties expect to establish a cooperative relationship to promote the platform ecological construction of digital renminbi in diversified travel scenarios.
In addition, the "Digital Research Institute" has continuously exported patents in the field of digital currency since its establishment! 52cbdc learned from the patent inquiry system of the State Intellectual Property Office that as of the date of publication, the "Digital Research Institute" has applied for a total of 86 patents related to digital currency. Among them, there were 22 in 2016, 47 in 2017, 4 in 2018, and 13 in 2019. The following is a screenshot of the query patent~
Finally, what I want to say at the end of the article is that the research and development process of my country's central bank digital currency has been far faster than that of many other countries. Although it is still uncertain when DCEP will be issued on a large scale and used in the market for circulation, there is no doubt that DCEP as a The issuance of my country's legal digital currency is inevitable, but the central bank will be cautious about the issuance of DCEP when it is not fully prepared. At the same time, the research and development of my country's central bank's digital currency DCEP has great positive significance and promotional effects on the digitalization of the entire world's central bank currency. Digital legal currency will definitely be the trend in the future. At that time, "cashless" will become the norm
