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====== 2.0 Methodology ====== | ====== 2.0 Methodology ====== | ||
- | [[cbdc:public:cbdc_omg:start| OMG Responses to Federal Reserve Discussion Paper]] | + | [[cbdc:public:cbdc_omg:start| OMG's CBDC WG Responses to Federal Reserve Discussion Paper]] |
|< 100% >| | |< 100% >| | ||
| [[cbdc:public:cbdc_omg:04_doc:start| Return to the Main Document]] | <WRAP> | | [[cbdc:public:cbdc_omg:04_doc:start| Return to the Main Document]] | <WRAP> | ||
<html><b> | <html><b> | ||
- | <a href="mailto:[email protected]?Subject=OMG CBDC Response: | + | <a href="mailto:[email protected]?Subject=OMG's CBDC WG Response: |
2.0 Methodology | 2.0 Methodology | ||
- | &Body=The name space is | + | |
- | cbdc:public:cbdc_omg:04_doc:start | + | |
">Provide Feedback</a></b> | ">Provide Feedback</a></b> | ||
</html> | </html> | ||
</WRAP> | | </WRAP> | | ||
- | A brief overview of the methodology the OMG used to formulate a response to the **White Paper**. | + | A brief overview of the methodology the OMG's CBDC WG used to formulate a response to the **White Paper**. |
The U.S. [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:f:federal_reserve | Federal Reserve (Fed)]] published a white paper on [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | Money, and Payments: The U.S. Dollar in the Age of Digital Transformation]](( | The U.S. [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:f:federal_reserve | Federal Reserve (Fed)]] published a white paper on [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | Money, and Payments: The U.S. Dollar in the Age of Digital Transformation]](( | ||
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)), which provided a discussion and analysis of [[cbdc:public:cbdc_omg:8_append:20_glossary:cbdc]], some possible designs to address CBDC, and some direct questions they posed to stakeholders about the possibility of adoption of CBDC by the U.S. Federal Reserve. | )), which provided a discussion and analysis of [[cbdc:public:cbdc_omg:8_append:20_glossary:cbdc]], some possible designs to address CBDC, and some direct questions they posed to stakeholders about the possibility of adoption of CBDC by the U.S. Federal Reserve. | ||
- | The [[https://www.omg.org/ | Object Management Group ]] is responding to the questions posed by the White Paper. The OMG response is based on a Systems Engineering approach, see Figure {{ref>methodology}}. The following briefly describes each step in the process: | + | The [[https://www.omg.org/ | Object Management Group's ]] CBDC WG is responding to the questions posed by the White Paper. The OMG's CBDC WG response is based on a Systems Engineering approach, see Figure {{ref>methodology}}. The following briefly describes each step in the process: |
The [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | White Paper]] was reviewed and its content was divided into two main sections: | The [[https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf | White Paper]] was reviewed and its content was divided into two main sections: | ||
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* Discussion of Examples | * Discussion of Examples | ||
- | The results were then collated into a single OMG response that includes a set of overall recommendations | + | The results were then collated into a single OMG CBDC WG response that includes a set of overall recommendations |
<figure methodology> | <figure methodology> | ||
- | {{ :cbdc:private:cbdc_omg:04_doc:08_method:screen_shot_2022-05-13_at_3.57.11_pm.png?700 |}} | + | {{ :cbdc:public:cbdc_omg:04_doc:08_method:screen_shot_2022-05-17_at_4.10.42_pm.png?800 |}} |
- | <caption>Overview of the OMG Methodology used to answer the Federal Reserve Questions.</caption> | + | <caption>Overview of the OMG's CBDC WG Methodology used to answer the Federal Reserve Questions.</caption> |
</figure> | </figure> | ||