Tuesday, April 1, 2014

Top 10 Other Industries (Bonus Round)

CompSci Resources, LLC

We recently published a series on the Top 10 industries that XBRL could impact. We thought that we would throw-in a bonus idea for you to consider:


CompSci software engineers propose revolutionizing the music industry with XBRL-Gclef, an innovative taxonomy for music notation. Having undergone years of development, standard features include using durations to specify the exact moment in time that a note should occur, and note lengths that can last years.

No other music format allows for calculation validation, and few provide the ability to footnote individual notes. You can specify the exact date and time of each note down to millionths of a second, with the specification of the time zone being optional.

Plus, if you need to, you can use extensions to change the taxonomy in limitless ways! For instance, you can apply concepts that would specifically intone Gregorian Chant’s unique characteristics. This would vary radically from the musical concepts and instrumental creativity identified with the beloved 80’s decade.

Here is one straightforward example to help illustrate the practical nature of this proposal: How easy would it be to notate John Cage’s 4’33” in XBRL-Gclef? You could likely finish tagging that project in less time than the composition takes to playwell, less time than it takes to perform, at least. 

Some speculate that there would be a sharp increase in usage of the standard immediately upon public release, while others fully expect it to fall flat. However successful the idea is in practice, internal company debate continues as to whether this taxonomy should instead be entitled “MusiXBRL”.

What do you think? Which do you prefer? Either way, we at least agree that adoption of this standard is certain to rock the world of all XBRL “note taggers”.

P.S. While this was written to celebrate today, there is nothing technically wrong with XBRL for music. On the other hand, Nathan Summers* adds that this standard is, “horribly verbose and hard to read. Everything is stuck to exact times in history, instead of starting at any arbitrary time. It also has uselessly large and small units of time.” We hope that you are enjoying your April Fools Day. Have a great day!

P.P.S. This piece follows a two-part series on "Other Industries XBRL Can Impact". Part 1 outlined the potential for federal transparency, private finance, environmental disclosure, construction, and muniXBRL. Bankingmedicalintra-companytax, and charitable organizations were discussed in Part 2.

Nathan Summers serves on the XBRL Standards Working Group and is a CompSci software engineer. He also authored a popular article explaining XBRL Negation and is a co-author of patented XBRL technology.