The Fintech Security International Research Center


The Fintech Security International Research Center is a research platform established by multiple colleges and multiple disciplines on the international campus of Zhejiang University. The focus of the center’s research effort is on financial technology, network security, computing intelligence, blockchain, big data in cooperation with leading ministries, research labs and other world-leading universities. The center will bring on high-level talents at home and abroad and develop an interdisciplinary research platform. The research center is founded by three Zhejiang University schools: the Zhejiang University Cyber and Network Security School of the main campus, Zhejiang University International Business School (ZIBS), and Zhejiang University-University of Illinois Urbana-Champaign Institute (ZJUI). The center is managed by the Joint Management Committee (JMC) which consists of Dean and Professor Ren Kui, Dean and Professor Ben Shenglin, Associate Dean and Professor Li Hanying, of the three respective schools. with Professor Wen Wu of ZIBS serving as the executive deputy director. The research center aims to build a national-level fintech cybersecurity university think tank, a first-class fintech security talent training base, and a world-leading fintech security research platform. It will conduct interdisciplinary research at home and abroad to promote talent training, serve the national strategy, and enhance Zhejiang University’s international influence in the interdisciplinary field, it serves the cooperation and exchanges in the interdisciplinary field of Zhejiang University with the world's top universities home and abroad.


Research Interests

1. The Internet of Value refers to the future network structure with digital assets as the basic unit and value transmission as the main operation. It consists of the following five layers:

Ø  Communication layer: refers to the current Internet constructed by optical fiber, 5G and other communication technologies. It is the foundation of the value Internet, and its basic unit is bit;

Ø  Data layer: Through Internet of Things, Industrial Internet of Things and other Internet of Things technologies, physical objects are digitally twinned, projected as things built in the digital world of the communication layer, and used as the basic unit of this layer;

Ø  Security layer: With cryptography as the core, combined with the software security system represented by the blockchain and the hardware security system with security equipment as the core, the data layer is credible and reliable, and the security of all objects in the data layer is guaranteed. In this layer, its basic unit is called entity, which is an object with security attributes;

Ø  Service layer: On the basis of the security layer, provide abstract services based on logic such as identity and authority for each entity, the basic unit of which is the object;

Ø  Application layer: The main task of this layer is to provide interfaces for actual business. In this layer, the basic unit is an asset, and each value Internet user can build credible and reliable financial, freight, and logistics applications with value transmission as the core;

The research center mainly focuses on the theoretical research, architecture design and application development of the Internet of Value.


2. Specific scenarios

Ø  Application layer-cargo rights trading system

 This topic is a new trading system based on cargo rights. In this system, countries can use the cargo rights index constructed based on the surplus ratio of each trade surplus country as the basis for pricing, use the Internet of Value based on the Internet of Things and blockchain technology as the trading platform, and use the "special delivery right" A new type of trading system for settlement means to realize transnational cargo rights transactions. With the support of technologies such as the Internet of Things and blockchain in the Internet of Value, under the premise of ensuring safety, the full life cycle of cargo rights management from raw materials to cost has been realized, making real-time cargo rights transfer a reality, thus reaching an early settlement cycle , To enhance the effect of trade efficiency, and help de-dollarization and accelerate the internationalization of the RMB.

AGV (Automated Guided Vehicle)



Ø  Application layer-capacity simulation and learning platform

This subject currently focuses on the research on the state of my country's road transport capacity. After accessing a large amount of Internet of Vehicles data and processing it, a standardized capacity model is established to realize the monitoring and simulation of national highway capacity. In addition, machine learning training is carried out on the basis of vehicle network information and capacity simulation platform to realize capacity and freight rate forecasts. In addition, the capacity situation is simulated in response to emergency situations such as epidemics, extreme weather, and wars, and emergency capacity dispatching plans are tested.


Ø  Security layer-security hardware

This subject mainly studies security hardware based on smart cards. As a security layer node in the Internet of Value, secure hardware provides high-strength security protection based on cryptography and hardware security for sensitive information. At present, the main research scenarios are: 1) Distributed identity system based on the "second identity"; 2) Internet of Vehicles data nodes; 3) Digital RMB transaction hardware.


3. Research cooperation

Ø  As an academic support unit, the research center participates in the supply chain of the People’s Bank of China Ningbo City Center Branch, Ningbo Free Trade Zone Management Committee, UnionPay Commerce, and Ningbo Free Trade Zone.

The joint project of management and settlement technology company "Digital RMB To B Test".


Ø  The Research Center and Deyin Finance of Shaanxi Automobile Group signed a strategic cooperation agreement to jointly build joint laboratories such as "Digital RMB Scenario Pilot" and "Digital Logistics Integrated Service Platform".





1. RMB Internationalization

"Tsinghua Financial Review"-"World Change": Future Digital Financial Infrastructure, Author: Wen Wu

In the future, whether the global digital currency ecosystem will develop in the direction of "encrypted currency + decentralized finance" or in the direction of "CBDC + real economy digital assetization" is an urgent issue that needs to be considered. This article draws on the experience of global telecommunication roaming services, proposes the concept of "world change", discusses using it as the core of the future digital financial infrastructure, through technical standards to open up the legal digital currency interface of various countries, so as to lead the feasibility of the development of global digital financial technology in the future plan.


2. "Modern Finance Guide"-Some thoughts on digital finance and digital integration of port and shipping logistics

Author: Wen wu

Digital ports are fully informatized ports, which mainly refer to the informatization of port and shipping logistics data, which helps to improve the efficiency of port operations. Financial services such as payment, settlement, foreign exchange, trade financing, and factoring are usually provided by service providers outside the port. Because the port is the country's gateway to the country's external connections, it involves different professional work such as customs, taxation, foreign management, shipping, trucking, warehousing, and so on. It has real "cargo", "order", "customs" and "money" information. Through the integration of blockchain, big data, Internet of Things and other technologies, especially through the traceability and confirmation of the above-mentioned data, the port can provide small and medium-sized enterprises engaged in cross-border trade with registration based on cargo rights and trade authenticity certificates. Digital financial services such as pricing, payment and settlement, trade financing, and factoring. The digital port with digital financial functions is called the "new digital port". Aiming at the data island problem of existing digital ports, this paper proposes technical solutions and application scenarios based on blockchain, big data and the Internet of Things, and provides solutions for the construction of new digital ports in the future.