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--- cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q22:start [2022/05/13 17:20]
terrance [Functional Requirements Design Principles]
+++ cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q22:start [2022/06/17 19:33] (current)
terrance
@@ Line 1: / Line 1: @@
 ====== Question: 22. Are there additional design principles that should be considered? Are there tradeoffs around any of the identified design principles, especially in trying to achieve the potential benefits of a CBDC? ======
-[[cbdc:private: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: 22. Are there additional design principles that should be considered? Are there tradeoffs around any of the identified design principles, especially in trying to achieve the potential benefits of a CBDC?
+">Provide Feedback</a></b>
+</html>
+</WRAP>  |
 ===== Question =====
-[[cbdc:private:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
   - **Are there additional design principles that should be considered?**
@@ Line 10: / Line 17: @@
 ===== Answer =====
-[[cbdc:private:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
 ==== Non-Functional Requirements Design Principles  ====
-[[cbdc:private:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
 === Overview ===
-[[cbdc:private:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
 Some major design principles missing from the [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | White Paper]] are the specification of [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:n:nonfuncreq | Non-Functional Requirements]]. The [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra | Distributed Immutable Data Objects - Reference Architecture (DIDO-RA)]] provides a list of [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:1.4_req:2_nonfunc | Non-Functional Requirements]] applicable to the CBDC. The following is an outline of the **Non-Functional Requirements**:
@@ Line 62: / Line 69: @@
 === Examples ===
-[[cbdc:private:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
-Some of these **Non-Functional** requirements were alluded to in the White Paper, but not directly specified or defined. Table {{ref>xreftable}} provides an example of cross-referencing the Non-Functional Requirements to the Benefits, Policy Considerations, Risks and Design requirements identified in the [[cbdc:private:cbdc_omg:04_doc:12_summary:start| White Paper Analysis]] done by the [[https://www.omg.org/ | Object Management Group ]].
+Some of these **Non-Functional** requirements were alluded to in the White Paper, but not directly specified or defined. Table {{ref>xreftable}} provides an example of cross-referencing the Non-Functional Requirements to the Benefits, Policy Considerations, Risks and Design requirements identified in the [[cbdc:public:cbdc_omg:04_doc:12_summary:start| White Paper Analysis]] done by the [[https://www.omg.org/ | Object Management Group's ]] CBDC WG.
 <table xreftable>
-<caption>Example of mapping a subset of requirements identified during the White Paper Analysis conducted by the OMG.</caption>
+<caption>Example of mapping a subset of requirements identified during the White Paper Analysis conducted by the OMG's CBDC WG.</caption>
 ^ Non-Functional Requirement  ^ Benefits, Policy Considerations, Risks and Design requirements  |
 ^ [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:1.4_req:2_nonfunc:10_portability:01_adapt        | Adaptability ]] | <WRAP>
-  * B0008, B0016, B0025, B0026, B0029, B0032, B0033, B0035, B0037, B0038, B0039, B0048,
+  : B: B0008, B0016, B0025, B0026, B0029, B0032, B0033, B0035, B0037, B0038, B0039, B0048,
-  * P0007
+  : P: P0007
 </WRAP>|
 ^ [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:1.4_req:2_nonfunc:40_performance                 | Performance ]] | <WRAP>
-  * B0009, B0011-1, B0011-2, B0017-1, B0017-2, B0024, B0034, B0045, B0047,
+  : B: B0009, B0011-1, B0011-2, B0017-1, B0017-2, B0024, B0034, B0045, B0047,
-  * P0026, P0028-6
+  : P: P0026, P0028-6
 </WRAP>|
 ^ [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:1.4_req:2_nonfunc:14_reliability:02_availability | Availability ]]    | <WRAP>
-  * B0012, B0013 B0053,
+  : B: B0012, B0013 B0053,
-  * D0016
+  : D: D0016
 </WRAP>|
 ^ [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:1.4_req:2_nonfunc:25_security:confidentiality    | Confidentiality ]] | <WRAP>
-  * B0004, B0022-1, B0051
+  : B: B0004, B0022-1, B0051
 </WRAP>|
 ^ [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:1.4_req:2_nonfunc:30_usability:efficiency        | Efficiency Metrics ]] | <WRAP>
-  * B0001, B0002, B0009, B0011, B0014, B0047, B0051,
+  : B: B0001, B0002, B0009, B0011, B0014, B0047, B0051,
-  * P0023, P0026, P0028-6
+  : P: P0023, P0026, P0028-6
 </WRAP>|
-| **''B''** = [[cbdc:private:cbdc_omg:04_doc:12_summary:start#benefits| Benefit Considerations ]] ||
+| **''B''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#benefits| Benefit Considerations ]] ||
-| **''P''** = [[cbdc:private: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:private:cbdc_omg:04_doc:12_summary:start#risks| Risk Considerations ]] ||
+| **''R''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#risks| Risk Considerations ]] ||
-| **''D''** = [[cbdc:private:cbdc_omg:04_doc:12_summary:start#design| Design Considerations]] ||
+| **''D''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#design| Design Considerations]] ||
 </table>
-  : **Note:** There should be no tradeoffs between **Non-Functional Requirements** and any existing requirements identified in [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | White Paper]] as determined by the OMG [[cbdc:private:cbdc_omg:04_doc:12_summary:start| White Paper Analysis]]
+  : **Note:** There should be no tradeoffs between **Non-Functional Requirements** and any existing requirements identified in [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | White Paper]] as determined by the OMG's CBDC WG [[cbdc:public:cbdc_omg:04_doc:12_summary:start| White Paper Analysis]]
 === Discussion of Example ===
-[[cbdc:private:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
 The first requirement listed under [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:1.4_req:2_nonfunc:10_portability:01_adapt | Adaptability ]] is Benefit **''B0008''**:
 ^ B0008 ^ 3  | Provide entrepreneurs a platform on which to create new financial products and services |
-| **''B''** = [[cbdc:private:cbdc_omg:04_doc:12_summary:start#benefits| Benefit Considerations ]] |||
+| **''B''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#benefits| Benefit Considerations ]] |||
-| **''P''** = [[cbdc:private: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:private:cbdc_omg:04_doc:12_summary:start#risks| Risk Considerations ]] |||
+| **''R''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#risks| Risk Considerations ]] |||
-| **''D''** = [[cbdc:private:cbdc_omg:04_doc:12_summary:start#design| Design Considerations]] |||
+| **''D''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#design| Design Considerations]] |||
 In order to realize **''B0008''**, the CBDC needs to be considered a system that can support both:
-  * //[[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:swadapt | Software Adaptability]] - A software component with a well-defined, stable [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:a:api | Spplication Programming Interface (API)]] can be exchanged using another component with minimal effort, as long as that component adheres to the API. For example, [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:sql|SQL]] describes an API for a database component. As long as the software adheres to the standard SQL API, the [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:d:dbms | Database Management System (DBMS)]] can be exchanged between, for example, [[https://www.oracle.com/database/technologies/| Oracle | Oracle ]] and [[https://www.postgresql.org/ | PostgreSQL]], with no to minimal impact.//
+  * //[[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:swadapt | Software Adaptability]] - A software component with a well-defined, stable [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:a:api | Application Programming Interface (API)]] can be exchanged using another component with minimal effort, as long as that component adheres to the API. For example, [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:sql|SQL]] describes an API for a database component. As long as the software adheres to the standard SQL API, the [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:d:dbms | Database Management System (DBMS)]] can be exchanged between, for example, [[https://www.oracle.com/database/technologies/| Oracle | Oracle ]] and [[https://www.postgresql.org/ | PostgreSQL]], with no to minimal impact.//
   * //[[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:a:archdaptability | Architecture Adaptability]] - Connectors between software components change without having to change the components. This again comes down to having well-defined, stable APIs for the connectors. For example, the [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:u:unix|Unix]] File System (UnixFS) is a connector between software components and the physical filesystem. The associated UnixFS library can be exchanged for the [[https://ipfs.io/ | InterPlanetary File System (IPFS) ]] UnixFS connector and the software component should have no to minimal impact.//
-Obviously, this is just an example, and the Federal Reserve should adopt the information and update the information in the [[cbdc:private:cbdc_omg:04_doc:12_summary:start| White Paper Analysis]] and also perform their own assessment a similar to that presented in Table {{ref>xreftable}}. The discussions and justifications for each requirement need to be captured for future reference. For example, **''B00008''** would have its own discussion area within the CBDC requirements document.
+Obviously, this is just an example, and the Federal Reserve should adopt the information and update the information in the OMG's CBDC WG [[cbdc:public:cbdc_omg:04_doc:12_summary:start| White Paper Analysis]] and also perform their own assessment a similar to that presented in Table {{ref>xreftable}}. The discussions and justifications for each requirement need to be captured for future reference. For example, **''B00008''** would have its own discussion area within the CBDC requirements document.
 ==== Functional Requirements Design Principles  ====
-[[cbdc:private:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
 === Overview ===
-[[cbdc:private:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
 Some major design principles missing from the [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | White Paper]] are the specification of  [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:f:funcreq]]. The [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra | Distributed Immutable Data Objects - Reference Architecture (DIDO-RA)]] provides a list of [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:1.4_req:1_func | Functional Requirements]] applicable to the CBDC. The following is an outline of the **Functional Requirements**:
@@ Line 131: / Line 138: @@
 . [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:1.4_req:1_func:access   | Access Control ]]
-Some of these **Functional Requirements** were alluded to in the White Paper, but not directly specified or defined. The Table {{ref>funcxreftable}} provides an example of cross-referencing the **Functional Requirements** to the Benefits, Policy Considerations, Risks and Design requirements identified in the [[cbdc:private:cbdc_omg:04_doc:12_summary:start| White Paper Analysis]] done by the [[https://www.omg.org/ | Object Management Group ]].
+Some of these **Functional Requirements** were alluded to in the White Paper, but not directly specified or defined. The Table {{ref>funcxreftable}} provides an example of cross-referencing the **Functional Requirements** to the Benefits, Policy Considerations, Risks and Design requirements identified in the [[cbdc:public:cbdc_omg:04_doc:12_summary:start| White Paper Analysis]] done by the [[https://www.omg.org/ | Object Management Group's ]] CBDC WG.
 === Examples ===
-[[cbdc:private:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
 <table funcxreftable>
-<caption>Example of mapping a subset of requirements identified during the White Paper Analysis conducted by the OMG.<caption>
+<caption>Example of mapping a subset of requirements identified during the White Paper Analysis conducted by the OMG's CBDC WG.</caption>
 ^ Functional Requirement  ^ Benefits, Policy Considerations, Risks and Design requirements  |
 ^ [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:1.4_req:1_func:platform:hw_arch   | Hardware Platforms ]] | <WRAP>
-  * B0007, B0008, B0011, B0014, B0015, B0018, B0022-3, B0024, B0025, B0029, B0030, B0032, B0033, B0037, B0038, B0039, B0040, B0041, B0043, B0044, B0047, B0049, B0053,
+  : B: B0007, B0008, B0011, B0014, B0015, B0018, B0022-3, B0024, B0025, B0029, B0030, B0032, B0033, B0037, B0038, B0039, B0040, B0041, B0043, B0044, B0047, B0049, B0053,
-  * P0007, P0013, P0020, P0026, P0028,
+  : P: P0007, P0013, P0020, P0026, P0028,
-  * R0007, R0008, R0010, R0011,
+  : R: R0007, R0008, R0010, R0011,
-  * D0009, D0012, D0015, D0016, D0017
+  : D: D0009, D0012, D0015, D0016, D0017
 </WRAP>|
 ^ [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:1.4_req:1_func:access   | Access Control ]] | <WRAP>
-  * B0004, B0005, B0007, B0009, B0010, B0011, B0015, B0018, B0022, B0025, B0029, B0033, B0035-2, B0038, B0041, B0044, B0045, B0046, B0049, B0050,
+  : B: B0004, B0005, B0007, B0009, B0010, B0011, B0015, B0018, B0022, B0025, B0029, B0033, B0035-2, B0038, B0041, B0044, B0045, B0046, B0049, B0050,
-  * P0004, P0005, P0007, P0020, P0021, P0023, P0025, P0029,
+  : P: P0004, P0005, P0007, P0020, P0021, P0023, P0025, P0029,
-  * R0001, R0003, R0007, R0008, R0011, R0014,
+  : R: R0001, R0003, R0007, R0008, R0011, R0014,
 </WRAP>|
-| **''B''** = [[cbdc:private:cbdc_omg:04_doc:12_summary:start#benefits| Benefit Considerations ]] ||
+| **''B''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#benefits| Benefit Considerations ]] ||
-| **''P''** = [[cbdc:private: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:private:cbdc_omg:04_doc:12_summary:start#risks| Risk Considerations ]] ||
+| **''R''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#risks| Risk Considerations ]] ||
-| **''D''** = [[cbdc:private:cbdc_omg:04_doc:12_summary:start#design| Design Considerations]] ||
+| **''D''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#design| Design Considerations]] ||
 </table>
 === Discussion of Example ===
-[[cbdc:private:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
+[[cbdc:public:cbdc_omg:04_doc:20_comments:dsn:q22:start| Return to Top]]
 The one of the first requirements listed under [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:1.4_req:1_func:platform | Platforms ]] is Benefit **''B00011''**:
-^ ^ B0011 ^ 7  | Make payments: <WRAP>
+^ B0011 ^ 7  | Make payments: <WRAP>
-   - faster
+   : 1. faster
-   - cheaper
+   : 2. cheaper
-   - more convenient
+   : 3. more convenient
-   - more accessible
+   : 4. more accessible
 </WRAP>|
-| **''B''** = [[cbdc:private:cbdc_omg:04_doc:12_summary:start#benefits| Benefit Considerations ]] |||
+| **''B''** = [[cbdc:public:cbdc_omg:04_doc:12_summary:start#benefits| Benefit Considerations ]] |||
 Requirement **''B0011''** is a compound requirement, and the selection of a Platform can have an impact on:
-  : 1. **''B00011-1''** - Faster
+  * **''B00011-1''** - Faster
-  : 2. **''B00011-2''** - Cheaper
+  * **''B00011-2''** - Cheaper
-  : 3. **''B00011-3''** - More Convenient
+  * **''B00011-3''** - More Convenient
-  : 4. **''B00011-4''** - More Accessible
+  * **''B00011-4''** - More Accessible
--=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
+/**=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
 /* To add a discussion page to this page, comment out the line that says
  ~~DISCUSSION:off~~

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