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PolyU and Guangxi University signed MoU to explore collaborative research in civil and environmental engineering

On May 21, 2024, The Hong Kong Polytechnic University (PolyU) and Guangxi University have signed a Memorandum of Understanding (MoU) to explore opportunities for academic exchange and collaborative research in the fields of civil and environmental engineering. The agreement aims to jointly explore approaches of cultivating doctoral students and post-doctoral researchers.  Prof. DONG Cheng, Associate Vice President (Mainland Research Advancement) of PolyU, and Prof XIAO Jianzhuang, Vice President of Guangxi University, signed the MoU on behalf of their respective universities. Guangxi University is a provincial public university located in Nanning, Guangxi Province. It is affiliated with the Guangxi Zhuang Autonomous Region, and is co-funded by the regional government and the Ministry of Education. The university takes part in both the "Project 211" and the "Double First-Class Construction". It was co-established by the Ministry of Education and the People's Government of Guangxi Zhuang Autonomous Region. The Civil Engineering and Architecture School of Guangxi University has a rich history dating back to 1928. It was recognised as a "world-class discipline" in 2017. It was also designated as a key discipline in the co-construction of a first-class discipline cluster by the Ministry of Education and the local government in 2018. The two universities will collaborate to explore frontier technology fields, establish research platforms, and drive technological innovation, setting a new benchmark for science and technology cooperation between Guangxi and Hong Kong.

21 May, 2024

Partnership

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PolyU-nurtured startup takes lead in implementing territory-wide large-scale liver disease screening programme ; As the first participating institution, PolyU drives translation of research into real-world applications

According to the “2024 Global Hepatitis Report” by the World Health Organization, the number of lives lost due to viral hepatitis is increasing year by year, leading to 1.3 million deaths in 2022, claiming 3,500 lives each day in average, and resulting in it constituting the second leading cause of infectious disease deaths worldwide 1. In response to this global public health issue, Eieling Technology Limited (Eieling Technology), an academic-led startup nurtured and supported by The Hong Kong Polytechnic University (PolyU), has announced its leadership in implementation of the five-year “LiverCare – Hong Kong 10 Million Liver Scans Program” (the Programme), to improve public awareness of liver disease prevention, and promote early detection and treatment to reduce the impact of liver disease. Prof. Christopher CHAO, Vice President (Research and Innovation) of PolyU and Prof. ZHENG Yongping, Henry G. Leong Professor in Biomedical Engineering, Chair Professor of Biomedical Engineering and Director of the Research Institute of Smart Ageing of PolyU, joined by Mr Patrick LAU, Deputy Executive Director of the Hong Kong Trade Development Council; Prof. Walter SETO, Clinical Professor in Gastroenterology and Hepatology of the University of Hong Kong; Dr Grace LAU, Head of the Institute for Translational Research of the Hong Kong Science and Technology Parks Corporation (HKSTP); Mr Xiaojia JIA, Chief Executive Officer of Eieling Technology Limited; and Ms Mildred LAW of the Hong Kong Liver Foundation officiated at the Programme launch ceremony yesterday (16 May). PolyU has long been committed to translating its technologies into real-world applications. The University will support the Programme and become the first institution to conduct the Programme. Starting from July this year, PolyU will conduct liver fibrosis and fatty liver screening for full-time university staff using Liverscan®, a palm-size wireless ultrasound imaging device. Participants are also encouraged to join a two-year follow-up study. From the data collected, the research team will study the importance of a balanced diet and daily exercise, as well as regular liver disease screening for monitoring the progression of liver disease. PolyU believes that the programme can not only improve public awareness of liver disease prevention and promote early detection and treatment, but also help reduce the threat of liver disease to human health. Prof. Chao said, “As a PolyU-nurtured start-up, Eieling Technology actively commercialises the University’s patents. With the support from investors and industries through the innovation and entrepreneurship ecosystem of PolyU, the company is able to translate its technologies into products with a positive impact on society. The launch of the programme marks a milestone for PolyU in contributing to the global public health, reflecting the University's commitment to social responsibility and the translation of scientific research outcomes. In recent years, PolyU has strategically established technology innovation institutes in several cities in the Mainland China, aiming to combine PolyU's unique advantages in basic research and innovation with the robust industrial bases and characteristics of various regions in the Mainland. This initiative promotes research and transformation of core technologies, cultivates innovative talents with knowledge in technology and global vision, and provides a more optimised application platform and scenarios for enterprises. Through these measures, PolyU will continuously strengthen its cooperation with cities in Mainland China, promote regional economic development, and also provide a favorable environment for university researchers to apply theory to practice and commercialise research findings." Eieling Technology, co-founded by Prof. Zheng and his research team in 2018, is a technology development company specialising in advanced medical ultrasound imaging devices designed to screen for liver diseases. Prof. Zheng and his PolyU research team combined transient elastography diagnostic technology with a real-time ultrasound image guided system to develop a solution called Liverscan® for liver fibrosis assessment. Liverscan® is an innovative medical device which, since it is palm-sized, wireless, lightweight and portable, easy to control and economical, allows medical staff to perform liver checkups on patients anytime, anywhere. Prof. Zheng said, “Liver fibrosis can be caused by long-term inflammation of liver tissue, excessive alcohol intake or long-term fatty liver, and may develop into cirrhosis, liver dysfunction, or even liver cancer. We hope that through the ultrasound device Liverscan®, which can lower costs, shorten examination time, facilitate operation and improve measurement accuracy, liver disease assessment and screening will be widely available to people in the community, thereby reducing the number patients with severe liver disease in the coming years significantly.” Eieling Technology has been supported by the PolyU Tech Launchpad Fund and the Incu-Bio Programme of HKSTP, as well as by secured funding from several industrial partners and private investors. Liverscan® has obtained registration approval from the US Food and Drug Administration (FDA510K) and is being used in many well-known hospitals and clinics in Hong Kong, Macau and other places. Eieling Technology is also carrying out clinical research and cooperation with several hospitals in Mainland China. Liverscan® is expected to enter the market in Mainland China after receiving registration approval from the National Medical Products Administration in Q3 this year, and to be launched globally in 2025. 1World Health Organization- “Global hepatitis report 2024”  

17 May, 2024

Research and Innovation

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PolyU chaired sessions with global healthcare leaders at ASGH

The Hong Kong Polytechnic University (PolyU) has actively participated in the Asia Summit on Global Health 2024, showcasing a number of cutting-edge projects and leading two thought-provoking discussions to share the university’s insights and leadership in fostering healthcare innovation and collaboration. Prof. Christopher Chao, Vice President (Research and Innovation) of PolyU, joined more than 80 global healthcare leaders at the opening of ASGH and led an engaging panel session on "Fostering Collaboration for Next-Gen Healthcare Business.” The session aimed to discuss diverse industry issues, including medical and healthcare innovations, healthcare development and prospects for healthcare investment. In addition, PolyU has signed a significant Memorandum of Understanding (MOU) with PanMediso, with the aim  of advancing collaboration in the healthcare sector. Furthermore, an academic-led startup nurtured and supported by PolyU has announced its leadership in the implementation of the five-year “LiverCare – Hong Kong 10 Million Liver Scans Program”, to improve public awareness of liver disease prevention. On Day 2 of ASGH, PolyU hosted a thematic session titled "Innovative Drugs in Shaping China's Biopharma Ecosystem." The session was chaired by Prof. Larry Chow, Head and Professor of the Department of Applied Biology & Chemical Technology of PolyU, together with the participation of Prof. Zhao Yanxiang, Associate Head and Professor of the Applied Biology and Chemical Technology of PolyU, and other specialists from Shanghai Pharmaceuticals Holding Co., Ltd, AstraZeneca, and Simcere Pharmaceutical Group Ltd. The panel discussed the evolving biopharma ecosystem in China, focusing on the role of innovative drugs and the collaborative efforts driving industry progress. They also addressed strategic initiatives essential for sustaining growth and competitiveness in the market. The two sessions attracted a large and engaged audience, reflecting a strong interest in these critical topics and demonstrating PolyU's commitment to advancing healthcare solutions and strengthening Hong Kong's position as a global hub for innovation and collaboration. The ASGH was jointly organised by the Government of the Hong Kong Special Administrative Region and the Hong Kong Trade Development Council. About ASGH

17 May, 2024

Events

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PolyU and Huizhou Daya Bay sign a cooperation agreement to establish joint technology and innovation research institute

The Hong Kong Polytechnic University (PolyU) and the Huizhou Municipal Government, together with the Daya Bay Economic and Technological Development Zone (Daya Bay Development Zone), have entered into a cooperation agreement for the joint establishment of the PolyU-Daya Bay Technology and Innovation Research Institute with a signing ceremony held on campus on 13 May. Professor Jin-Guang TENG, President of PolyU, introduced the University’s latest developments and its strategic goals for future expansion in mainland China to the visiting Huizhou delegation. He added that PolyU is committed to promoting technology and innovation, and nurturing research talents. Its unique strengths in fundamental and applied research, innovation and entrepreneurship have enabled it to make a significant contribution to the high-quality development of the country. Leveraging PolyU and Huizhou’s advantages and coordinated development, the two parties will jointly establish the Research Institute to deepen their cooperation and further the translation of research outcomes, providing core technology for local industry. The Research Institute will serve as a driving force for the development of the technology industry in Huizhou, thus achieving mutual benefits for all parties. Mr LIU Ji, Secretary of the Huizhou Municipal Committee and Chairman of the Standing Committee of the Huizhou Municipal People’s Congress, stated that PolyU possesses first-class innovative talents and strong research capabilities, while Huizhou has a solid modern industrial foundation and broad scenarios for innovation application. The joint establishment of the Research Institute will definitely promote complementary advantages. With a focus on Huizhou’s industrial development, the Research Institute will fully capitalise on PolyU’s talent and research strengths to encourage further incubation and commercialisation of research outcomes in Huizhou, so as to accelerate its contribution to the further growth of Guangdong’s development. The Research Institute will also integrate high-end science and technology innovation resources from the region and abroad to cultivate high-calibre engineers, and innovative and entrepreneurial talents with mastery of key future technologies, to develop the Research Institute into a world-class technology and innovation platform. Witnessed by Dr LAM Tai-fai, Council Chairman of PolyU; Prof. Jin-Guang Teng, President of PolyU; Prof. Wing-tak WONG, Deputy President and Provost of PolyU; Mr LIU Ji, Secretary of the Huizhou Municipal Committee and Chairman of the Standing Committee of the Huizhou Municipal People’s Congress; Mr LAI Jianhua, Member of the Standing Committee of the Huizhou Municipal Committee and Head of the United Front Work Department; and Mr LI Ming, Member of the Standing Committee of the Huizhou Municipal Committee and Head of the Organisation Department, the cooperation agreement was signed by Prof. Christopher CHAO, Vice President (Research and Innovation) of PolyU; Ms LI Junling, Vice Mayor of the Huizhou Municipal Government; and Mr GUO Wupiao, Chairman of the Party Working Committee and Director of the Management Committee of the Daya Bay Development Zone. Other guests included representatives from PolyU and the Huizhou Municipal Government and enterprises. Technological innovation has become a key driver of social development. At the event, Prof. ZHENG Zijian, Chair Professor of Soft Materials and Devices of PolyU, introduced the Research Institute’s development plan. The Research Institute will focus on the fields of petrochemicals, new energy materials, artificial intelligence, and smart manufacturing. Through cooperation with Huizhou and the Daya Bay Development Zone, it will fully leverage the advantages of all parties and implement an innovation-driven development strategy to actively promote industry-university-research collaboration, making contributions to the technological innovation of Hong Kong, Huizhou and the Nation, and creating a new model of government-university collaboration.

17 May, 2024

Partnership

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PolyU study reveals effectiveness of GBGI infrastructure in mitigating urban heat, proposing nine-stage framework for development of a sustainable city

Primarily due to the impact of urbanisation and global warming, urban heatwaves have become a challenging issue worldwide, with Hong Kong persistently experiencing record-breaking high-temperature days. Mitigating urban heat through green and blue infrastructures is essential for creating a sustainable environment. Prof. Hai GUO, Professor of the Department of Civil and Environmental Engineering at The Hong Kong Polytechnic University (PolyU) and global researchers have conducted a first-of-its-kind study on the effectiveness of green interventions in cooling urban heat across various regions that can assist policymakers in prioritising effective interventions to develop sustainable cities. The study findings have been published in the international interdisciplinary journal The Innovation. Globally, the most efficient air cooling was observed in botanical gardens, wetlands, green walls, street trees and vegetated balconies. In light of this, the research team conducted a global review of the effectiveness of green-blue-grey infrastructure (GBGI) in air cooling. GBGI refers to green infrastructures that encompass naturally vegetation-based elements like trees, grass and hedges; blue infrastructures are related to water-based features like pools, lakes and rivers; and grey infrastructures comprise engineered structures including green walls, green facades and roofs. The Study revealed regional and city-specific variations in the effectiveness of GBGI for mitigating urban heat. In Europe, Asia, North America and Australia, the overall cooling effect of GBGI is up to 18.9°C, 17.7°C, 12°C and 9.63°C respectively. In addition, the implementation of green and blue infrastructures has proven to be highly effective in lowering air temperatures globally. While green infrastructures can regulate urban heat through evaporation, transpiration, shading and thermal insulation, blue infrastructures absorb heat and cool the surrounding area through evaporation. In Asian cities, constructed grey infrastructures, especially roof gardens and pergolas, are found to be the most effective for urban cooling. Roof gardens in Singapore achieved the most significant temperature reduction of 17.7°C. Pergolas and green roofs in Japan and South Korea also had substantial impact, resulting in cooling temperatures by 16.2°C and 10.8°C, respectively. Linearly planted hedges and street trees contributed to lowering temperatures by up to 10.8°C. Authorities are advised to plant more street trees, not only for their impressive cooling efficiency but also for their substantial potential to create other positive environmental impacts. The Study also showed notable effects of various GBGI features in mitigating urban heat in Mainland China cities. The most effective means include botanical gardens, wetlands, green walls and attenuation ponds which exhibited temperature reductions of up to 10°C, 9.27°C, 8°C and 7°C respectively. Although the cooling effect ranges are generally similar in the north and south of China, there is variability within the same region. For example, in Beijing, botanical garden could result in up to 10°C temperature decrease while that in Shaanxi province only contributed to 2.7°C. In Hong Kong, parks, green roofs and golf courses were found to play substantial roles in cooling urban heat, resulting in temperature reductions of 4.9°C, 4.9°C and 4.2°C respectively. A “Shining City Project” was proposed by the Hong Kong government in last year’s Policy Address to enhance urban green space. This initiative includes the greening of riverbanks to turn them into flower viewing points and the extensive planting of trees in government venues and at roundabouts on major roads. Prof. Guo said, “With their distinctive location and natural environment, the types of GBGI in Hong Kong are unique. The city features a network of oceans, rivers, wetlands and reservoirs, with remarkable vegetation cover, encompassing approximately 70% of its land area of which country parks occupy around 40%, and possesses a precious natural asset in the Victoria Harbour. Meanwhile, the Government actively promotes GBGI in new development areas and the adoption of green building design in new government projects. These forward-looking initiatives highlight Hong Kong’s dedication to sustainable and resilient urban development.” Globally, the types of GBGI vary significantly across continents due to diverse regional contexts, climate conditions and urban planning priorities. The Study’s GBGI heat mitigation inventory can assist policymakers and urban planners in prioritising effective interventions to reduce the risk of urban overheating and promote community resilience. At this point, the research team has introduced a nine-stage framework to facilitate the implementation of GBGI that outlines stages of stakeholder engagement, feasibility studies, design, policy development, implementation, monitoring, evaluation, and eventual upscaling and replication. Prof. Guo emphasised, “This framework serves as a strategic roadmap, optimising GBGI implementation to maximise benefits. Policymakers should conduct thorough investigation and planning tailored to the specific context and needs of their cities. In Asia, the extensive development of GBGI is a response to challenges posed by rapid urbanisation and cultural preferences that prioritise green areas for community activities, together with environmental goals focused on biodiversity conservation, improved air quality and mitigation of the urban heat island effect. It is crucial for future GBGI implementation to adopt a holistic approach, optimising their multifunctional benefits to effectively address sustainability goals.”

17 May, 2024

Research and Innovation

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Media Interview: Prof. Wu Bo shares on PolyU’s deep space research

Prof. WU Bo, Fiona Cheung Professor in Spatial Science, Associate Head (Research) of the Department of Land Surveying and Geo-Informatics, and Associate Director of Research Centre for Deep Space Explorations of PolyU shared the University’s deep space exploration research and Hong Kong’s atmosphere of scientific research in a recent interview.  Prof. WU has dedicated himself to photogrammetry, planetary mapping and planetary science research for many years. Regarding the Nation’s  lunar exploration missions, including Chang'e-3, Chang'e-4, Chang'e-5 and Chang'e-6, as well as the Mars exploration project, Prof. WU and his team made use of advanced topographic mapping technologies to evaluate and identify the best landing sites for spacecraft. In addition, PolyU launched the Space Resources Laboratory to properly store and analyse lunar soil, and to conduct biological and material science research. 《Nanfang Daily》Full Interview :  https://polyu.me/3QGEJf7 For more︰https://polyu.hk/qIxgV  

16 May, 2024

Research and Innovation

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Visit by Delegation of Member of the Standing Committee of the Fujian Provincial People's Congress

A delegation led by Mr LI Jianhui, Member of the Standing Committee of the Fujian Provincial People's Congress and Mr Wang Mingyuan, Mayor of Jinjiang Municipal People’s Government, visited the Hong Kong Polytechnic University (PolyU) on 6 May to exchange views on strengthening cooperation in technology and innovation between Fujian and Hong Kong. The delegation was warmly welcomed by Dr LAM Tai-fai, Council Chairman of PolyU; Prof. Jin-Guang TENG, President of PolyU; Prof. Wing-tak WONG, Deputy President and Provost of PolyU; Prof. Christopher CHAO, Vice President (Research and Innovation) of PolyU, and other representatives from PolyU. Dr LAM stated that as a world-class research-oriented university, PolyU maintains its dedication to focusing on technological innovation and nurturing scientific research talent. He expressed his hope to strengthen collaboration with Quanzhou City, aiming to introduce more globally-renowned technological achievements to be implemented and transformed in the region. This initiative will significantly enhance industrial development and provide innovative drive for the economic and social development of Quanzhou City. Mr LI stated that the PolyU-Jinjiang Technology and Innovation Research Institute (Research Institute) is an important initiative in Fujian Province. The Government is committed to supporting and facilitating the transformation and implementation of the research outcomes. Since the establishment of the Research Institute, both parties have demonstrated strong commitment and exceptional efficiency. Moving forward, PolyU hopes to cooperate with Quanzhou City to jointly establish a comprehensive ecosystem involving with the government, industry, academia, and research institutions, aligning with the major strategic development of Quanzhou City, Fujian Province, and even the nation as a whole.  

14 May, 2024

Events

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PolyU researchers create 2D all-organic perovskites and demonstrate potential use in 2D electronics

Perovskites are among the most researched topics in materials science. Recently, a research team led by Prof. LOH Kian Ping, Chair Professor of Materials Physics and Chemistry and Global STEM Professor of the Department of Applied Physics of The Hong Kong Polytechnic University (PolyU), Dr Kathy LENG, Assistant Professor of the same department, together with Dr Hwa Seob CHOI, Postdoctoral Research Fellow and the first author of the research paper, has solved an age-old challenge to synthesise all-organic two-dimensional perovskites, extending the field into the exciting realm of 2D materials. This breakthrough opens up a new field of 2D all-organic perovskites, which holds promise for both fundamental science and potential applications. This research titled “Molecularly thin, two-dimensional all-organic perovskites” was recently published in the prestigious journal Science. Perovskites are named after their structural resemblance to the mineral calcium titanate perovskite, and are well known for their fascinating properties that can be applied in wide-ranging fields such as solar cells, lighting and catalysis. With a fundamental chemical formula of ABX3, perovskites possess the ability to be finely tuned by adjusting the A and B cations as well as the X anion, paving the way for the development of high-performance materials. While perovskite was first discovered as an inorganic compound, Prof. Loh’s team has focused their attention on the emerging class of all-organic perovskites. In this new family, A, B, and X constituents are organic molecules rather than individual atoms like metals or oxygen. The design principles for creating three-dimensional (3D) perovskites using organic components have only recently been established. Significantly, all-organic perovskites offer distinct advantages over their all-inorganic counterparts, as they are solution-processible and flexible, enabling cost-effective fabrication. Moreover, by manipulating the chemical composition of the crystal, valuable electromagnetic properties such as dielectric properties, which finds applications in electronics and capacitors, can be precisely engineered. Traditionally, researchers face challenges in the synthesis of all-organic 3D perovskites due to the restricted selection of organic molecules that can fit with the crystal structure. Recognising this limitation, Prof. Loh and his team proposed an innovative approach: synthesising all-organic perovskites in the form of 2D layers instead of 3D crystals. This strategy aimed to overcome the constraints imposed by bulky molecules and facilitate the incorporation of a broader range of organic ions. The anticipated outcome was the emergence of novel and extraordinary properties in these materials. Validating their prediction, the team developed a new general class of layered organic perovskites. Following the convention for naming perovskites, they called it the “Choi-Loh-v phase” (CL-v) after Dr Choi and Prof. Loh. These perovskites comprise molecularly thin layers held together by forces that hold graphite layers together, the so-called van der Waals forces – hence the “v” in CL-v. Compared with the previously studied hybrid 2D perovskites, the CL-v phase is stabilised by the addition of another B cation into the unit cell and has the general formula A2B2X4. Using solution-phase chemistry, the research team prepared a CL-v material known as CMD-N-P2, in which the A, B and X sites are occupied by CMD (a chlorinated cyclic organic molecule), ammonium and PF6− ions, respectively. The expected crystal structure was confirmed by high-resolution electron microscopy carried out at cryogenic temperature. These molecularly thin 2D organic perovskites are fundamentally different from traditional 3D minerals, they are single crystalline in two dimensions and can be exfoliated as hexagonal flakes just a few nanometres thick – 20,000 times thinner than a human hair. The solution-processibility of 2D organic perovskites presents exciting opportunities for their application in 2D electronics. The Poly U team conducted measurements on the dielectric constants of the CL-v phase, yielding values ranging from 4.8 to 5.5. These values surpass those of commonly used materials such as silicon dioxide and hexagonal boron nitride. This discovery establishes a promising avenue for incorporating CL-v phase as a dielectric layer in 2D electronic devices, as these devices often necessitate 2D dielectric layers with high dielectric constants, which are typically scarce. Team member Dr Leng successfully addressed the challenge of integrating 2D organic perovskites with 2D electronics. In their approach, the CL-v phase was employed as the top gate dielectric layer, while the channel material consisted of atomically thin Molybdenum Sulfide. By utilising the CL-v phase, the transistor achieved superior control over the current flow between the source and drain terminals, surpassing the capabilities of conventional silicon oxide dielectric layers. Prof. Loh’s research not only establishes an entirely new class of all-organic perovskites but also demonstrates how they can be solution-processed in conjunction with advanced fabrication technique to enhance the performance of 2D electronic devices. These developments open up new possibilities for the creation of more efficient and versatile electronic systems.

6 May, 2024

Research and Innovation

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PolyU research advocates for privacy protection for Central Bank Digital Currency Development

Privacy protection is pivotal in the development of Central Bank Digital Currency (CBDC). Computing scientists at The Hong Kong Polytechnic University (PolyU) are conducting research to investigate the applications of privacy-enhancing technologies (PETs) to ensure the confidentially and integrity of CBDC transactions.  Prof. Allen Man Ho AU, Professor of the Department of Computing of PolyU, is undertaking research for a white paper by the CBDC Expert Group on privacy protection in CBDC development to enhance confidence among the public and industry. “It is crucial to have CBDC with PET included by design, and we should be transparent for the system design for public inspection,” said Prof. AU.  The research primarily investigates technologies such as pseudonyms, zero-knowledge proofs, ring signatures, and secure multiparty computation. Each of these technologies offers distinct advantages in safeguarding transactional privacy. For instance, zero-knowledge proofs enable transaction verification without disclosing any transactional or personal details, thereby maintaining transactional unlinkability and user anonymity.  Zero-knowledge proofs, also known zero-knowledge cryptography, allows a “prover” to convince a person of the validity of a computation without leaking any information; it is hence referred to as zero-knowledge cryptography. It is seen as a breakthrough technology impacting Web3, a decentralised online ecosystem based on blockchain, because it enables data privacy protection, efficiency improvement and scalability of transparent systems such as blockchain.  Prof. AU, said, “To enhance public and industry confidence in the privacy of CBDCs, we advocate for a comprehensive strategy. First, it is crucial to integrate advanced PETs such as zero-knowledge proofs and secure multiparty computation. These technologies enable transactions while safeguarding user identities and details.”  The research also delves into the challenges of integrating these technologies into CBDC systems, considering different architectural designs—whether public or permissioned blockchains—and whether they employ a UTXO (unspent transaction outputs) or an account-based data model. The analysis addresses critical factors such as scalability, risk, auditability, and, importantly, regulatory compliance. By publishing white papers and actively engaging in public dialogue, the promotion of transparency can help to demystify CBDC technologies and effectively address any concerns within the community. Prof. AU added, “Regular audits and compliance checks conducted by third parties will further validate the integrity of privacy protections.” CBDC is expected to undergo significant advancement in the next five years. More countries will launch pilot programmes to text various use cases, encompassing both retail to wholesale applications. This will include a combination of advanced economies and emerging markets, each delving into CBDCs customised to suit their specific economic and social needs.  In order to sustain its leading position in the CBDC field, Prof. AU said “Hong Kong should continue investing in research and development while promoting innovation through collaborations among the government, industry and academia. The focus is on pioneering new CBDC technologies and use cases that can serve as benchmarks globally.”  Recently, HKMA has commenced Project Ensemble, a new wholesale CBDC project to support the development of the tokenization market in Hong Kong. Since the establishment of the CBDC Expert Group,  PolyU researchers and Prof. AU along with other members have been closely collaborating with HKMA to examine various aspects of CBDCs and related digital currencies. 

2 May, 2024

Research and Innovation

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Visit by China University of Petroleum

A delegation from the China University of Petroleum, Beijing, visited PolyU for an exchange meeting and laboratories visit on 30 April. Prof. DONG Cheng, Associate Vice President (Mainland Research Advancement) of PolyU, welcomed the delegation and provided an overview of PolyU's latest research developments. During the meeting, PolyU and the delegation  explored opportunities for joint research projects, co-authoring academic publications, and organizing international conferences. At the same time, both parties also shared possible teacher-student exchange activities, such as scholars’ interview, summer programmes and joint student mentoring. The delegation also toured Rock Mechanics Laboratory, Smart Geotechnology Laboratory and Space Resources Laboratory. During the field visits, the guests gained a deeper understanding of PolyU's construction and environmental excellence and scientific development.  

30 Apr, 2024

Events

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