6.11.3 Ontologies

Return to RDT&E

The OMG members recommend the Federal Reserve use 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, Financial Industry Business Ontology (FIBO) that probably needs to be extended or updated to handle a U.S. CBDC.