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| - | The OMG members recommend the Federal Reserve use [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:r:rtd_e | Research Development Test & Evaluation (RDT&E) Funding ]] in developing and perfecting glossaries, taxonomies, and ontologies used to represent the U.S. CBDC, the Intermediaries, and the needs of the Stakeholders. There already exists an OMG Ontology, [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.b_stds:tech:omg:fibo| Financial Industry Business Ontology (FIBO) ]] that probably needs to be extended or updated to handle a U.S. CBDC. | + | The OMG members recommend the Federal Reserve use [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:r:rtd_e | Research Development Test & Evaluation (RDT&E) Funding ]] in developing and perfecting glossaries, taxonomies, and ontologies used to represent the U.S. CBDC, the Intermediaries, and the needs of the Stakeholders. There already exists an OMG Ontology, [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.b_stds:tech:omg:fibo| Financial Industry Business Ontology (FIBO) ]] that does not currently support Cryptocurrencies. The OMG members recommend a new Ontology be created for Cryptocurrencies and that it be complementary to FIBO. |
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| + | As a separate conversation, [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.b_stds:tech:omg:figi | Financial Instrument Global Identifier (FIGI) ]] already does cover Cryptocurrencies but needs to be reviewed when a final U.S. CBDC is formally defined. | ||