cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start
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cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start [2022/05/17 20:32] nick |
cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start [2022/06/17 17:56] (current) terrance |
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| | [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:start| Return to Currency Models]] | <WRAP> | | [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:start| Return to Currency Models]] | <WRAP> | ||
| <html><b> | <html><b> | ||
| - | <a href="mailto:[email protected]?Subject=OMG CBDC Response: | + | <a href="mailto:[email protected]?Subject=OMG's CBDC WG Response: |
| 4.2.1 Digital Cash Model | 4.2.1 Digital Cash Model | ||
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| : **Note:** The following Digital Cash Theoretical User Scenario is only provided for discussion purposes. Actual User Scenarios would be developed during systems analysis and modeled using a Model-Based Systems Engineering (MBSE) approach and address the problem is far more detail with a team of experts. | : **Note:** The following Digital Cash Theoretical User Scenario is only provided for discussion purposes. Actual User Scenarios would be developed during systems analysis and modeled using a Model-Based Systems Engineering (MBSE) approach and address the problem is far more detail with a team of experts. | ||
| - | : **Note:** Also look at the [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:04_doc:15_common:08_currency_models:15_accounts:start#digital_account_theoretical_user_scenario | Digital Account Model Theoretical User Scenario]]. | + | : **Note:** Also look at the [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:15_accounts:start#digital_account_theoretical_user_scenario | Digital Account Model Theoretical User Scenario]]. |
| In the following example, the CBDC is modeled as a collection of Stablecoins, each one representing a form of physical cash (i.e., \$0.01, \$0.05, \$0.10, \$0.25, \$0.50 coins and \$1, \$2, \$5, \$10, \$20, \$50 and \$100 bills). The End User would actually "own" these Stablecoins and consequently, they would have all the same shortcomings as their physical equivalent. For example, if the Stablecoins are lost, damaged, or stolen, there is no "back-up". Contrast this with a Digital Account Model, where there are all kinds of safeguards protecting the asset. | In the following example, the CBDC is modeled as a collection of Stablecoins, each one representing a form of physical cash (i.e., \$0.01, \$0.05, \$0.10, \$0.25, \$0.50 coins and \$1, \$2, \$5, \$10, \$20, \$50 and \$100 bills). The End User would actually "own" these Stablecoins and consequently, they would have all the same shortcomings as their physical equivalent. For example, if the Stablecoins are lost, damaged, or stolen, there is no "back-up". Contrast this with a Digital Account Model, where there are all kinds of safeguards protecting the asset. | ||
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| <figure transactionFlow> | <figure transactionFlow> | ||
| - | {{ cbdc:private:cbdc_omg:04_doc:40_currencies:screen_shot_2022-03-10_at_1.31.46_pm.png?950 |}} | + | {{ cbdc:04_doc:40_currencies:screen_shot_2022-03-10_at_1.31.46_pm.png?950 |}} |
| <caption>Simplified Digital Cash Flow</caption> | <caption>Simplified Digital Cash Flow</caption> | ||
| </figure> | </figure> | ||
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| [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start| Return to Top]] | [[cbdc:public:cbdc_omg:04_doc:15_common:08_currency_models:10_cash:start| Return to Top]] | ||
| - | There are three categories of requirements alluded to in the [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start | White Paper]] and identified within the [[https://www.omg.org/ | Object Management Group ]] [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start | White Paper Analysis]]: | + | There are three categories of requirements alluded to in the [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:15_summary:start | White Paper]] and identified within the [[https://www.omg.org/ | Object Management Group's ]] CBDC WG [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:15_summary:start | White Paper Analysis]]: |
| * **Digital Cash Model** - these are requirements with CBDC characteristics most closely aligned with the simple coin cash model | * **Digital Cash Model** - these are requirements with CBDC characteristics most closely aligned with the simple coin cash model | ||
| Line 167: | Line 167: | ||
| * **Research Areas** - these are requirements with CBDC characteristics most closely aligned as "research" models such as [[cbdc:public:cbdc_omg:04_doc:15_common:30_stablecoins:start| Stablecoins]] | * **Research Areas** - these are requirements with CBDC characteristics most closely aligned as "research" models such as [[cbdc:public:cbdc_omg:04_doc:15_common:30_stablecoins:start| Stablecoins]] | ||
| - | In this discussion, only the desirements were identified during the [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:private:cbdc_omg:15_summary:start | White Paper Analysis]] are considered. Table {{ref>AccountTypeRequirements}} represents the allocated of requirements germane to the Digital Cash Model. | + | In this discussion, only the desirements were identified during the [[https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:15_summary:start | White Paper Analysis]] are considered. Table {{ref>AccountTypeRequirements}} represents the allocated of requirements germane to the Digital Cash Model. |
| <table AccountTypeRequirements> | <table AccountTypeRequirements> | ||
| - | <caption>Mapping a subset of Digital Cash Model requirements identified within the White Paper Analysis conducted by the OMG</caption> | + | <caption>Mapping a subset of Digital Cash Model requirements identified within the White Paper Analysis conducted by the OMG's CBDC WG</caption> |
| |< 50% 20% 30%>| | |< 50% 20% 30%>| | ||
| ^ Category ^ Desirements ^ | ^ Category ^ Desirements ^ | ||
| Line 177: | Line 177: | ||
| ^ Risks | R0013 | | ^ Risks | R0013 | | ||
| ^ Design | D0001, D0006, D0007, D0009 | | ^ Design | D0001, D0006, D0007, D0009 | | ||
| - | | **''B''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#benefits| Benefit Considerations ]] || | + | | **''B''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#benefit_considerations| Benefit Considerations ]] || |
| | **''P''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#policy_considerations| Policy Considerations]] || | | **''P''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#policy_considerations| Policy Considerations]] || | ||
| - | | **''R''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#risks| Risk Considerations ]] || | + | | **''R''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#risk_considerations| Risk Considerations ]] || |
| - | | **''D''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#design| Design Considerations]] || | + | | **''D''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#design_considerations | Design Considerations]] || |
| </table> | </table> | ||
| Line 189: | Line 189: | ||
| <table DigitalCurrencyExm> | <table DigitalCurrencyExm> | ||
| - | <caption>Example of mapping a subset of requirements identified in the White Paper Analysis conducted by the OMG.</caption> | + | <caption>Example of mapping a subset of requirements identified in the White Paper Analysis conducted by the OMG's CBDC WG.</caption> |
| |< 100% 5% 30% ->| | |< 100% 5% 30% ->| | ||
| ^ Desirement No. ^ Desirement Text ^ Comment ^ | ^ Desirement No. ^ Desirement Text ^ Comment ^ | ||
cbdc/public/cbdc_omg/04_doc/15_common/08_currency_models/10_cash/start.1652833965.txt.gz · Last modified: 2022/05/17 20:32 by nick
