Towards ontological foundations for central bank digital currencies

Glenda Amaral; Tiago Prince Sales; Giancarlo Guizzardi

Towards ontological foundations for central bank digital currencies

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Abstract

The digitalization of the economy and technological innovations are pushing central banks to investigate new forms of digital money. The concept and design of digital currencies have been investigated by central banks for some time. Although much progress has been made towards a convergence on definitions, the term Central Bank Digital Currency (CBDC) is still used to refer to a number of concepts. In this paper we address this issue by extending and refining our previous work, the Reference Ontology of Money and Virtual Currencies, to provide a semantic foundation for the concept of CBDC.

Original language	English
Pages (from-to)	77-86
Number of pages	10
Journal	CEUR workshop proceedings
Volume	2835
Publication status	Published - 2021
Event	15th International Workshop on Value Modelling and Business Ontologies, VMBO 2021 - Virtual, Bolzano, Italy Duration: 4 Mar 2021 → 5 Mar 2021 Conference number: 15 https://vmbo2021.events.unibz.it/

Keywords

CBDC
Central Bank
Currency
Money
Ontology
UFO

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PaperFinal published version, 699 KBLicence: CC BY

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title = "Towards ontological foundations for central bank digital currencies",

abstract = "The digitalization of the economy and technological innovations are pushing central banks to investigate new forms of digital money. The concept and design of digital currencies have been investigated by central banks for some time. Although much progress has been made towards a convergence on definitions, the term Central Bank Digital Currency (CBDC) is still used to refer to a number of concepts. In this paper we address this issue by extending and refining our previous work, the Reference Ontology of Money and Virtual Currencies, to provide a semantic foundation for the concept of CBDC.",

keywords = "CBDC, Central Bank, Currency, Money, Ontology, UFO",

author = "Glenda Amaral and Sales, \{Tiago Prince\} and Giancarlo Guizzardi",

note = "Publisher Copyright: Copyright {\textcopyright} 2021 for this paper by its authors.; 15th International Workshop on Value Modelling and Business Ontologies, VMBO 2021, VMBO 2021 ; Conference date: 04-03-2021 Through 05-03-2021",

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T1 - Towards ontological foundations for central bank digital currencies

AU - Amaral, Glenda

AU - Sales, Tiago Prince

AU - Guizzardi, Giancarlo

N1 - Conference code: 15

PY - 2021

Y1 - 2021

N2 - The digitalization of the economy and technological innovations are pushing central banks to investigate new forms of digital money. The concept and design of digital currencies have been investigated by central banks for some time. Although much progress has been made towards a convergence on definitions, the term Central Bank Digital Currency (CBDC) is still used to refer to a number of concepts. In this paper we address this issue by extending and refining our previous work, the Reference Ontology of Money and Virtual Currencies, to provide a semantic foundation for the concept of CBDC.

AB - The digitalization of the economy and technological innovations are pushing central banks to investigate new forms of digital money. The concept and design of digital currencies have been investigated by central banks for some time. Although much progress has been made towards a convergence on definitions, the term Central Bank Digital Currency (CBDC) is still used to refer to a number of concepts. In this paper we address this issue by extending and refining our previous work, the Reference Ontology of Money and Virtual Currencies, to provide a semantic foundation for the concept of CBDC.

KW - CBDC

KW - Central Bank

KW - Currency

KW - Money

KW - Ontology

KW - UFO

UR - https://www.scopus.com/pages/publications/85103279777

M3 - Conference article

AN - SCOPUS:85103279777

SN - 1613-0073

VL - 2835

SP - 77

EP - 86

JO - CEUR workshop proceedings

JF - CEUR workshop proceedings

T2 - 15th International Workshop on Value Modelling and Business Ontologies, VMBO 2021

Y2 - 4 March 2021 through 5 March 2021

ER -

Towards ontological foundations for central bank digital currencies

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Keywords

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