https://www.omgwiki.org/CBDC/ 2026-06-10T15:36:45-0400 https://www.omgwiki.org/CBDC/ https://www.omgwiki.org/CBDC/lib/tpl/dokuwiki/images/favicon.ico text/html 2022-05-18T00:52:13-0400 Anonymous (anonymous@undisclosed.example.com) https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:90_recommend:93_recomend:10_consensus&rev=1652849533&do=diff 6.11.1 Consensus Algorithms Return to RDT&E Consensus algorithms are the basis of all the blockchains/DAGs. They are the most important part of the blockchain/DAG platforms. Without them(consensus algorithms) we will be left with just a dumb, immutable database. text/html 2022-05-17T01:43:16-0400 Anonymous (anonymous@undisclosed.example.com) https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:90_recommend:93_recomend:20_ai&rev=1652766196&do=diff 6.11.2 Artificial Intelligence (AI) Return to RDT&E The OMG members recommend the Federal Reserve use Research Development Test & Evaluation (RDT&E) Funding in developing and perfecting Artificial Intelligence (AI) for use with and alongside a U.S. CBDC. The AI could help in detecting suspicious security and criminal activities. When combined with text/html 2022-05-19T18:33:48-0400 Anonymous (anonymous@undisclosed.example.com) https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:90_recommend:93_recomend:30_onto&rev=1652999628&do=diff 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 text/html 2022-05-18T21:38:26-0400 Anonymous (anonymous@undisclosed.example.com) https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:90_recommend:93_recomend:40_smart&rev=1652924306&do=diff 6.11.4 Smart Contracts Return to RDT&E The OMG members recommend the Federal Reserve use Research Development Test & Evaluation (RDT&E) Funding in developing and perfecting Smart Contracts. Currently, the de facto standard for Smart Contracts is the Ethereum language called Solidity. See the Ethereum Solidity Language Specification. However, there are shortcomings in the language which could either be updated or replaced with a more comprehensive language and may not even be proc… text/html 2022-05-17T01:44:53-0400 Anonymous (anonymous@undisclosed.example.com) https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:90_recommend:93_recomend:50_test&rev=1652766293&do=diff 6.11.5 Complex Data Models Return to RDT&E The OMG members recommend the Federal Reserve use Research Development Test & Evaluation (RDT&E) Funding in developing and perfecting how to model data on a blockchain and especially what data to store on a blockchain, what data t store off the blockchain, how to access of-blockchain data (i.e., Oracles). text/html 2022-05-19T19:08:09-0400 Anonymous (anonymous@undisclosed.example.com) https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:90_recommend:93_recomend:60_test&rev=1653001689&do=diff 6.11.6 Understanding Gas Implications Return to RDT&E The OMG members recommend the Federal Reserve invest Research Development Test & Evaluation (RDT&E) Funding in developing and perfecting the concept of Gas that is a measurement roughly equivalent to computational steps (for Ethereum). Every transaction is required to include a gas limit and a fee that it is willing to pay per gas; miners have the choice of including the transaction and collecting the fee or not. Every operation h… text/html 2022-06-17T19:46:49-0400 Anonymous (anonymous@undisclosed.example.com) https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:90_recommend:93_recomend:70_test&rev=1655509609&do=diff 6.11.7 Simulation, Training and Testing Environment Return to RDT&E The OMG's CBDC WG members recommend the Federal Reserve invest Research Development Test & Evaluation (RDT&E) Funding in developing and perfecting a Simulation, Training, and Test environment. This environment should allow for the creation and running of thousands of Distributed Nodes of different types to simulate a real distributed environment in a matter of seconds or at most minutes. The Testing Environment (TE)… text/html 2022-06-17T19:47:27-0400 Anonymous (anonymous@undisclosed.example.com) https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:90_recommend:93_recomend:80_test&rev=1655509647&do=diff 6.11.8 Build Reference Implementation (RI) Return to RDT&E The OMG's CBDC WG members recommend the Federal Reserve invest Research Development Test & Evaluation (RDT&E) Funding in developing and perfecting a Reference Implementation (RI) for all standards developed for the U.S. Based CBDC. See: 6.12 Defining the Appropriate Standards or Specifications text/html 2022-06-17T19:45:42-0400 Anonymous (anonymous@undisclosed.example.com) https://www.omgwiki.org/CBDC/doku.php?id=cbdc:public:cbdc_omg:04_doc:90_recommend:93_recomend:start&rev=1655509542&do=diff 6.11 Perform Research Development Test & Evaluation (RDT&E) Return to Recommendations Overview Return to Top There are a couple of ways that the OMG's CBDC WG members recommend pursuing a U.S. CBDC Research Development Test & Evaluation (RDT&E) effort. Either the Federal Reserve directly funds the RDT&E effort Partner with a U.S. Federal Department with an existing