OMG Central Bank Digital Currency (OMG-CBDC) Working Group (WG) Wiki

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====== 6.0 Recommendations ======
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The OMG's CBDC WG members wanted to make recommendations to the Federal Reserve for future activities in the area of a U.S. CBDC. They propose 12 different direct actions or activities. One of these activities involves the use of RDT&E funding to explore eight specific Research Development Test & Evaluation (RDT&E) topics. 

The **Object Management Group® (OMG®)**, founded in 1989, is an international not-for-profit software consortium (aka 
[[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:s:sdo | Standards Developing Organization (SDO)]] or a 
[[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:v:vcsb | Voluntary Standards Consensus Body (VSCB)]]) that sets standards in the many areas including distributed object computing. This means the OMG organization plans, develops, establishes, or coordinates voluntary consensus standards using agreed-upon [[https://www.omgwiki.org/dido/doku.php?id=dido:public:ra:xapend:xapend.a_glossary:p:p_p | Policies and Procedures (P&P)]]. The P&P provides a framework for openness and transparency to aid in balancing the interests of the Stakeholders, providing due process for disagreements, and building consensus.

The OMG is not a financial institution, a government institution, or a provider of goods, services, or technology. The main goal of the OMG is to produce standard technical specifications for use by the national and international communities with a proven track record, see the [[cbdc:public:cbdc_omg:04_doc:04_intro:start#about_the_object_management_group_omg| Introduction]]). Based on our experience in formulating the responses to the questions posed in the **White Paper**, our members have formulated a set of recommendations to help aid the Federal Reserve to move forward with a U.S. CBDC. The OMG members are very active in 26 vertical markets, including Business, Finance, Government, Healthcare, Manufacturing, Military, Robotics, Space, and Telecoms.

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