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cbdc:public:cbdc_omg:04_doc:90_recommend:30_recomend:start [2022/05/10 15:42] nick |
cbdc:public:cbdc_omg:04_doc:90_recommend:30_recomend:start [2022/06/17 19:36] (current) terrance |
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| ====== 6.03 Establish a Consortium ====== | ====== 6.03 Establish a Consortium ====== | ||
| - | [[cbdc:private:cbdc_omg:04_doc:90_recommend:start| Return to Top of Recommendations]] | + | |< 100% >| |
| + | | [[cbdc:public:cbdc_omg:04_doc:90_recommend:start| Return to Recommendations ]] | <WRAP> | ||
| + | <html><b> | ||
| + | <a href="mailto:[email protected]?Subject=OMG's CBDC WG Response: | ||
| + | 6.03 Establish a Consortium | ||
| + | ">Provide Feedback</a></b> | ||
| + | </html> | ||
| + | </WRAP> | | ||
| - | The [[https://www.omg.org/ | Object Management Group ]] recommends the US Federal Reserve continues to pursue **''P0011''** and **''P0030''** Desirements(( | + | The OMG's CBDC WG members recommend the Federal Reserve define a task for establishing a Stakeholders Consortium which would be a fulfillment of **''P0011''** and **''P0030''** Desirements(( |
| A **Desirement** is a blended word combining the word **Desire** and **Requirement**. **Desirement** is something that is desired, but not absolutely required and is often used to caption the capabilities of a product or system before it has reached the formal requirements phase. | A **Desirement** is a blended word combining the word **Desire** and **Requirement**. **Desirement** is something that is desired, but not absolutely required and is often used to caption the capabilities of a product or system before it has reached the formal requirements phase. | ||
| Source: [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:d:desirement | Desirement]] | Source: [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:d:desirement | Desirement]] | ||
| - | )) which can be reviewed in Table {{ref>furtherAction}}. | + | )). These are provided in Table {{ref>furtherAction}} for convenience. |
| <table furtherAction> | <table furtherAction> | ||
| <caption>The Policy Considerations identified in the **White Paper**</caption> | <caption>The Policy Considerations identified in the **White Paper**</caption> | ||
| - | ^ Statement No. ^ Page No. ^ Desirement | | + | ^ Statement No. ^ Page No. ^ Desirement | |
| ^ P0011 ^ 3 | The Federal Reserve does not intend to proceed with the issuance of a CBDC without clear support from:<WRAP> | ^ P0011 ^ 3 | The Federal Reserve does not intend to proceed with the issuance of a CBDC without clear support from:<WRAP> | ||
| - Executive Branch | - Executive Branch | ||
| Line 31: | Line 38: | ||
| Pursuing a CBDC that is flawed or not having stakeholder buy-in could ultimately inflict more damage than it is worth. | Pursuing a CBDC that is flawed or not having stakeholder buy-in could ultimately inflict more damage than it is worth. | ||
| - | The OMG further recommends that an **Other Transaction (OT) Consortium** be considered and the stakeholders are invited to join. An OT Consortium is a formal relationship between a government sponsor (i.e., Federal Reserve), an OT Administrator, and a collection of traditional and non-traditional vendors, non-profit organizations, and academia aligned to a technology domain area (i.e., cyber, space, undersea, propulsion) that are managed by a single entity, and focused on innovative solutions to government technology challenges that meet the intended scope and purpose of other transactions. | + | The OMG's CBDC WG further recommends that an **Other Transaction (OT) Consortium** be considered and the stakeholders are invited to join. An OT Consortium is a formal relationship between a government sponsor (i.e., Federal Reserve), an OT Administrator, and a collection of traditional and non-traditional vendors, non-profit organizations, and academia aligned to a technology domain area (i.e., cyber, space, undersea, propulsion) that are managed by a single entity, and focused on innovative solutions to government technology challenges that meet the intended scope and purpose of other transactions. |
| OT Consortium is based on the following [[https://aida.mitre.org/demystifying-dod/ots-otconsortia/ | OT Consortium Model]]: | OT Consortium is based on the following [[https://aida.mitre.org/demystifying-dod/ots-otconsortia/ | OT Consortium Model]]: | ||
| <figure consortium> | <figure consortium> | ||
| - | {{ cbdc:private:cbdc_omg:04_doc:20_comments:brp:q01:screen_shot_2022-02-27_at_1.26.52_pm.png?600 |}} | + | {{ cbdc:04_doc:20_comments:brp:q01:screen_shot_2022-02-27_at_1.26.52_pm.png?600 |}} |
| <caption>The Existing OT Constoria Model</caption> | <caption>The Existing OT Constoria Model</caption> | ||
| </figure> | </figure> | ||