SHI Rui

SHI Rui (石睿)

Postdoctoral Researcher

School of Management and Economics
The Chinese University of Hong Kong (Shenzhen)

About Me

I am currently a Postdoctoral Researcher at the School of Management and Economics, The Chinese University of Hong Kong (Shenzhen), working under the supervision of Professor J. Leon Zhao.

I received my Ph.D. in Information Systems from City University of Hong Kong in October 2025, where my thesis focused on transaction fee mechanisms for next-generation blockchain systems. My PhD supervisors are Professor Wei Thoo Yue and Professor J. Leon Zhao.

Research Topics

  • Blockchain Economics and Governance
  • Blockchain Regulation Compliance
  • Financial Technology
  • GenAI for Science/Academics
  • AI for Business

Methodologies

  • Analytical Modeling
  • Structural Econometric Modeling
  • Reduced-Form Econometrics
  • Design Science
  • Experiment

Education

Ph.D. in Information Systems

City University of Hong Kong

Sep 2019 - Oct 2025

Thesis: On Transaction Fee Mechanisms for Next-Generation Blockchain Systems: Economic Analysis and Design

Supervisors: Professor Wei Thoo Yue and Professor J. Leon Zhao

B.Mgt. in Information Management and Information Systems

Nanjing University

Sep 2014 - Jul 2018

Thesis: An Optimized Solution to Blockchain-Based Supply Chain Finance

Supervisors: Jiaqi Yan and Sanhong Deng

Research Projects

Academic Projects

Research on the Network Ecology-Based Smart Supply Chain Finance Model

January 2020 - December 2024 | 2,400,000 RMB

Role: Participant of the fifth sub-project

Sponsor: National Natural Science Foundation of China

Contributing to the Development of Hong Kong into a Global FinTech Hub

January 2019 - December 2022 | 20,659,000 HKD

Role: Participant of the first sub-project

Sponsor: Hong Kong Research Grants Council (RGC) Theme-based Research Scheme

Blockchain and Smart Contract Enabled Manufacturing Supply Chain and Finance Platform

March 2018 - March 2021 | Grant No. GHP-142-18GD | 2,879,120 HKD

Role: Participant

Sponsor: Innovation and Technology Commission, Hong Kong

Research on the Security Mechanism and Protection Algorithms of Blockchains

March 2018 - March 2021 | Grant No. JCYJ20170818100156260 | 3,000,000 RMB

Role: Participant

Sponsor: Shenzhen Science and Technology Innovation Commission

Publications

Journal Articles

Jiewu Leng, Douxi Yan, Qiang Liu, Kailin Xu, J. Leon Zhao, Rui Shi, Lijun Wei, Ding Zhang, and Xin Chen. (2019). "ManuChain: Combining permissioned blockchain with a holistic optimization model as bi-level intelligence for smart manufacturing." IEEE Transactions on Systems, Man, and Cybernetics: Systems, 50(1), 182-192.

268 Citations

Jiewu Leng, Pingyu Jiang, Kailin Xu, Qiang Liu, J. Leon Zhao, Yiyang Bian, and Rui Shi. (2019). "Makerchain: A blockchain with chemical signature for self-organizing process in social manufacturing." Journal of Cleaner Production, 234, 767-778.

235 Citations

Manuscripts Under Review

Rui Shi, Kai-Lung Hui, Wei Thoo Yue, and J. Leon Zhao. "Balancing efficiency and certainty: A structure-driven approach to fee governance for blockchain-based payment systems."

• Resubmitted to MIS Quarterly, September 2025

• The 3rd round decision: Reject & Resubmit, December 2024

Conference Papers

Si Chen, Rui Shi, Zhuangyu Ren, Jiaqi Yan, Yani Shi, and Jinyu Zhang. (2017). "A blockchain-based supply chain quality management framework." In IEEE 14th International Conference on e-Business Engineering (ICEBE), pp. 172-176.

423 Citations

Si Chen, Jinyu Zhang, Rui Shi*, Jiaqi Yan, and Qing Ke. (2018). "A comparative testing on performance of blockchain and relational database: Foundation for applying smart technology into current business systems." In International Conference on Distributed, Ambient, and Pervasive Interactions, pp. 21-34. Springer International Publishing.

51 Citations *Corresponding Author

Patents

J. Leon Zhao, Rui Shi, Yiyang Bian, Jiewu Leng, and Xinyu Zhu. (2024). "A method, system, device, and storage medium for resisting distributed denial of service attacks." Application No. CN202011162057.3. Patent No. CN114513317A. Grant Date: 4 Jun 2024. China National Intellectual Property Administration.

Teaching Experience

Data Visualization

Master of Finance Programme | The Chinese University of Hong Kong (Shenzhen)

Semester B, 2025/2026

Role: Instructor

Python Programming for Business

Undergraduate Level | City University of Hong Kong

Semester B, 2020/2021

Role: Instructor

Teaching Rating: 5.79/7.00 (mean), 6.00/7.00 (median)

"The tutor is rather helpful, and willing to answer every question."

"The teacher tried to explain everything as best as he could no matter how silly the question was. He was very attentive to every student's comments and concerns. He helped a lot in my learning experience. Thank you!"

"The tutor was patient and imported some knowledge that is out of the course."

Blockchain Technology and Business Applications

Graduate Level | City University of Hong Kong

Semester B, 2019/2020

Role: Technical Support

Responsibilities:

  • Developing tutorial materials for building blockchain-based applications
  • Deploying blockchain development environment on cloud servers
  • Debugging and answering questions from students

Work Experience

Research Assistant

Shenzhen Research Institute, City University of Hong Kong

Sep 2018 - Aug 2019

Responsibilities:

  • Conducted research on blockchain security mechanisms and related protection algorithms
  • Co-developed comprehensive tutorial materials for "Blockchain Technology and Business Applications"
  • Spearheaded and managed an eight-member team of intern developers to build a blockchain-based patent trading platform prototype

Research Assistant

Blockchain Innovation Lab, Nanjing University

May 2017 - Jul 2018

Responsibilities:

  • Conducted exploratory research on blockchain technology for supply chain quality management
  • Performed comparative analysis of Hyperledger Fabric and Ethereum
  • Managed and led a four-member development team to create FinChain prototype

Blockchain Development Intern

Jiangsu PeerFinTech Ltd.

Mar 2018 - Jun 2018

Responsibilities:

  • Developed Hyperledger Fabric-based cross-border payment system
  • Implemented chaincode for secure transaction processing and auditing
  • Explored deployment and management of blockchain nodes using Hyperledger Cello

Skills & Awards

Technical Skills

  • Programming: Golang, Python, JavaScript
  • Blockchain: Hyperledger Fabric, Ethereum
  • Web Development: Node.js, Express, Flask
  • Data Science: Scikit-learn, PyTorch, Pandas
  • Database: SQL, MySQL
  • Tools: Stata, MATLAB, Mathematica, Docker, Git

Languages

  • English (Fluent)
  • Mandarin Chinese (Native)
  • Cantonese (Elementary)

Awards and Achievements

First Prize Paper

China Tourism Science Annual Conference, 2021

Analyzing the Homogeneity of Tourism Destination Images Based on the Internet Big Data

Global Top 50 Teams

Xunlei Global Blockchain Application Challenge Competition, 2018

FinChain: Blockchain-Based Supply Chain Finance Platform

Role: Team Leader

Contact

Get in Touch

Email: shirui@cuhk.edu.cn

Phone: +86-18260041133 / +852-59816062

Website: http://shirui.space/

Location: School of Management and Economics, The Chinese University of Hong Kong (Shenzhen), Shenzhen, China