NCCU Department of MIS Professor Chen Gong transferred to the Central Bank! He once led the innovation lab for Block, or could he be assisting the digital NT$ project?

On the 27th, the Central Bank of the Republic of China announced an important personnel change. The former director of the Business Department, Pan Rongyao, and the director of the Information Division, Li Ruifen, will retire on January 16, 2025. It is worth noting that the position of the director of the Information Division will be filled by Professor Chen Gong from the Department of Information Management at National Chengchi University. Professor Chen Gong is also the executive director of the Blockchain Innovation Laboratory at National Chengchi University, and the research projects of the laboratory include asset tokenization and digital currency. It is worth looking forward to whether the Central Bank intends to leverage Professor Chen Gong's research expertise to develop related businesses.

Professor borrowed from the Central Bank, formerly leading the Blockchain Lab

According to the announcement, the newly appointed director of the Information Department, Mr. Chen Gong, is 61 years old. He graduated from the Department of Computer Science and Information Engineering at National Taiwan University. He also obtained a master's degree from the Department of Computer Science and Information Engineering at National Taiwan University and a Ph.D. from the Department of Computer Science at Yale University in the United States. He previously served in the Department of Computer Science at National Chengchi University, rising from associate professor to professor, department head, director of the Computer Center, and professor in the Department of Information Management. He is familiar with financial technology (FinTech), blockchain technology and applications, programming languages, and software engineering.

Professor Chen also serves as the CEO of the Blockchain Innovation Lab at National Chengchi University, nurturing many industry elites. From the website, it can be found that the main research projects of the Blockchain Innovation Lab include:

Based on Block chain digital identity recognition

Digital Currency

Asset tokenization

Authorization platform based on Block chain

As the Central Bank is in charge of currency-related business, it is also worth looking forward to the sandbox experiment of launching CBDC or asset tokenization with the expertise of Professor Chen Gong in Block chain.

Review of the Central Bank's attitude: CBDC experiments are underway, with no expected issuance of digital New Taiwan Dollars for now

More and more countries are now discussing issues such as digital currency payments and CBDC. This includes the former Thai prime minister urging his daughter and the current Thai prime minister to pilot Bitcoin payments in international tourist destinations such as Phuket, and to discuss CBDC at a seminar attended by various Thai party and government officials.

(Former Thai Prime Minister Thaksin: Bitcoin has become a global trend, urging the trial of Bitcoin payments, CBDC to solve economic problems)

However, the Central Bank of our country is relatively conservative about this. It was not until May that the Governor of the Central Bank, Yang Chin-lung, indicated that there was no expectation of issuing digital new Taiwan dollars. Although his attitude is relatively conservative, he also acknowledges that the Central Bank's experimental plan for digital new Taiwan dollars is underway, which will use tokenization technology to support the tokenization development of various assets.

He mentioned three scenarios for the use of digital New Taiwan Dollars. The first is to use wholesale CBDC as a settlement asset between banks. The second is to use wholesale CBDC for tokenization of securities delivery. The third is special purpose tokens, such as introducing CBDC into government procurement processes and automating the process through smart contracts.

(Central Bank Governor Yang Jinlong: CBDC is not an international competition, analyzing three digital NT application scenarios, no issuance expectations yet)

This article, Chen Gong, a professor in the Department of Information Management at NCCU, borrowed to the Central Bank! He once led the Block Chain Innovation Laboratory, or will he help the digital NT project? First appeared in Chain News ABMedia.