cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q21:start
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cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q21:start [2022/05/16 18:21] nick ↷ Links adapted because of a move operation |
cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q21:start [2022/06/17 19:30] (current) terrance |
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| ====== Question: 21. How might future technological innovations affect design and policy choices related to CBDC? ====== | ====== Question: 21. How might future technological innovations affect design and policy choices related to CBDC? ====== | ||
| - | [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:start| Return to CBDC Benefits, Risks, and Policy Considerations ]] | + | |< 100% >| |
| + | | [[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:start| Return to Design Considerations ]] | <WRAP> | ||
| + | <html><b> | ||
| + | <a href="mailto:[email protected]?Subject=OMG's CBDC WG Response: | ||
| + | Question: 21. How might future technological innovations affect design and policy choices related to CBDC? | ||
| + | ">Provide Feedback</a></b> | ||
| + | </html> | ||
| + | </WRAP> | | ||
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| Accounting focuses on the day-to-day flow of money in and out of accounts which DIDO Platform can do when used as a bookkeeper. However, Accounting has far more rules that are not done within the current DIDO Platforms. See [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:g:gaap| Generally Accepted Accounting Principles (GAAP)]]. | Accounting focuses on the day-to-day flow of money in and out of accounts which DIDO Platform can do when used as a bookkeeper. However, Accounting has far more rules that are not done within the current DIDO Platforms. See [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:g:gaap| Generally Accepted Accounting Principles (GAAP)]]. | ||
| - | Individuals, corporations, and institutions accounting systems are far more complex than a simple account or even accounting. They may have hundreds if not thousands of accounts that need to be managed. The management of the accounts not only includes a tally of money in each account but its color (the different categories of money and the specific uses on which those funds may be spent). There are usually strict laws, regulations, or even accounting rules which prevent money from being [[https://legal-dictionary.thefreedictionary.com/Commingling | comingled]] in the accounts. The current DIDO Platforms are basically only keeping the tallies on accounts and leave the enfr=orcement of laws, regulations, and rules to the individuals that have control over the account. | + | Individuals, corporations, and institutions accounting systems are far more complex than a simple account or even accounting. They may have hundreds if not thousands of accounts that need to be managed. The management of the accounts not only includes a tally of money in each account but its color (the different categories of money and the specific uses on which those funds may be spent). There are usually strict laws, regulations, or even accounting rules which prevent money from being [[https://legal-dictionary.thefreedictionary.com/Commingling | comingled]] in the accounts. The current DIDO Platforms are basically only keeping the tallies on accounts and leaving the enforcement of laws, regulations, and rules to the individuals that have control over the account. |
| For example, if a University collects tuition, there may be rules on the tuition money that may allow it to be spent only on educators, staff, and supplies directly tied to the teaching of the students. | For example, if a University collects tuition, there may be rules on the tuition money that may allow it to be spent only on educators, staff, and supplies directly tied to the teaching of the students. | ||
cbdc/public/cbdc_omg/04_doc/20_comments/dsn/q21/start.1652739691.txt.gz · Last modified: 2022/05/16 18:21 by nick
