About Us

What do we do?

CBRI has a threefold mandate:

  • We identify and concretise, in a structured, academic and systematic way, critical trends in technology affecting blockchain and fintech industry in multiple jurisdictions, and provide in-depth analysis into these technologies that can be shared with the stakeholders, institutions, and policy makers in the blockchain and fintech area.

  • We develop publicly shared research materials in the blockchain and fintech area geared towards improving the functioning of the global financial system.

  • We serve as the focal point and enhance networking opportunities for a network of stakeholders, policy makers, institutions and central bank experts on innovation, with regular events to promote exchange of views and knowledge-sharing.

Why was CBRI set up?

  • A breakthrough innovation in CBDC and blockchain area is underway, and will have major consequences for policy makers, institutional players and central banks of various jurisdictions.

  • The 4th industrial revolution and innovations in blockchain technology have repercussions in multiple locations simultaneously.

  • A new think tank specialised in CBDC and blockchain space can achieve synnergies of research output by working together with traditional policymakers and think-tanks.

What are we working on?

CBRI has problemitised six key-areas that blockchain technology appears to have connection with the public sector, that are (1) blockchain-led financial inclusiveness; (2) blockchain-led innovations in finance industry; (3) blockchain and social justice; (4) digitalisation and social contract 4.0; (5) social progression and blockchain; and (6) CBDC and privacy, and in the process of research and development of these six key-areas, CBRI foster international collaboration among interested parties on innovative use of financial and blockchain technologies.

Amongst the key problematics, CBRI have set action plans as research 'pillars' to be paid close attention to.

Pillar 1. ESG

Given that CBDC has a purpose of serving the public good, we cannot emphasise enough the importance of public-good aspect of a prospect CBDC blockchain token.

CBRI has set ESG as one of its research pillars to research and standardise ESG compliances in the blockchain space, with the intent of being a soft power as a think tank in CBDC area. A case-study of a similar example is the Alliance for Prosperity from Klaytn.


Pillar 2. Ethical Governance

Alternatively, CBRI aims to launch a project named ‘Central Bank Digital Currency (CBDC) for Ethical Governance’, which would emphasise the ESG aspect of CBDC-related blockchain companies, and would then advertise the advantage of CBDC over traditional Central Bank’s monetary policy.


Pillar 3. CBDC Climate Change Interest Group

CBRI plans to establish a CBDC Climate Change interest group, grouping actors in CBDC area to be more interested in Climate Change issues that Blockchain industry may have an impact on.

Who are we?

SeungPyo (Espae) Hong

Head of CBDC Blockchain Research Institute

SeungPyo (Espae) Hong, is the Head of CBDC Blockchain Research Institute (CBRI), a Seoul-based research institute centered around CBDC policy researches, and Legal Advisor at Cypherium, a decentralized smart contract platform for creating and connecting CBDCs, dApps and Digital Assets.

He has had extensive experiences in both academia and international organisations on international investment law, public international law and international economic policy and now focuses on the impact assessment of the monetary and financial innovations that CBDCs bring towards traditional and centralised financial institutions, including Central Banks.

SeungPyo was Lecturer of International Relations at Korea Naval Academy, and is also a reserve Naval Officer of Republic of Korea Navy (LTJG). He is fluent in Korean, English, and French. He is a law graduate of Sciences Po Paris, Université de Paris I Panthéon-Sorbonne, and Université de Paris II Panthéon-Assas, and holds an LL.M in International Law from the University of Cambridge and a PhD in International Investment Law from Seoul National University’s School of Law.

David Gong

Policy Researcher

David is a Policy Researcher at the CBDC Blockchain Research Institute, CBRI, a new think tank specialized in blockchain and central bank digital currencies. He explores the latest developments in the blockchain and digital sectors to achieve synergies with traditional policy makers and think tanks for the creation of publicly shared research geared towards improving the global financial system. David is an early contributor to Columbia University’s undergraduate organization for distributed ledger technology, Blockchain@Columbia, and holds a B.A. in Political Science from Columbia University.

Where do we operate?

We have multidisciplinary team located in Seoul and will soon open centres in Paris and New York.

© Copyright 2021.CBDC Blockchain Research Institute, Seoul, Republic of Korea. All rights reserved. When quoting please cite “CBRI”.

The above information does not constitute the provision of investment, legal or tax advice. Any views expressed reflect the current views of the author, which do not necessarily correspond to the opinions of CBRI. Opinions expressed may change without notice. Opinions expressed may differ from views set out in other documents, including research, published by CBRI. The above information is provided for informational purposes only and without any obligation, whether contractual or otherwise. No warranty or representation is made as to the correctness, completeness and accuracy of the information given or the assessments made.