China’s Central Bank Hires Blockchain Experts to Launch Cryptocurrency
The central bank of China, also known as the People’s Bank of China (PBOC), is hiring Blockchain developers and experts to exploit the potential of the Blockchain technology in economic and financial systems. Earlier in November, the PBOC released an official recruitment notice on its Personal and Education Department website to garner talents and experts in the field of FinTech and Blockchain. The PBOC stated that the institution is expecting to fill six vacant positions with Blockchain experts that have a doctoral degree in computer science and fundamental knowledge within the field of....
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The head of China’s central bank, the People’s bank of China (PBOC) has provided more details about the bank’s significant recent revelation. Less than a month ago, the PBOC announced that it will try to launch its own digital currency “as soon as possible.” In a wide-ranging interview with Caixin Weekly, PBOC governor Zhou XIaochuan provided more insight into the PBOC’s recent announcement of issuing its own yet-unnamed digital currency. The governor notes that China’s digital currency will be fundamentally based around central banking system principles. He opined that the central bank....
The People’s Bank of China, China’s central bank, is in the process of recruiting blockchain experts as it ramps up its longstanding effort to develop and issue its own digital currency. First reported by local publication Shanghai Daily, the central bank issued the recruiting call, offering six positions for the development and design of both software and hardware frameworks for a digital currency. Applicants with experience in blockchain technology development, big data, cryptography and systems design are particularly desirable and will be preferred. Applicants must also hold a master’s....
Bitcoin and Blockchain are technologies which have the potential to dramatically change the world. If Blockchain technology is deployed rapidly and effectively, we can bank the unbanked, automate contracts and even get Blockchains to work with the Internet of Things (IOT) to create a Blockchain of Things. Yet the primary use of Blockchains remains as a medium to validate cryptocurrency transactions. If that is the case, one must ask the question, how soon before central banks not only accept Blockchain but also start to have more acceptance of Bitcoin and other cryptocurrencies? After all....
The People’s Bank of China, the nation’s central bank, has announced the establishment of a FinTech committee. The PBOC has set up its own committee for ‘strengthening the research, work, planning and coordination’ of financial technologies, an announcement posted on the central bank website revealed. China’s central bank, which also acts as the country’s financial regulator, will also organize an ‘in-depth study’ on the impact of FinTech innovation in a number of areas including monetary policy, payment and settlement and financial stability. The PBOC has already experimented with new....