The Inaugural SORA Economic Forum Was Held on June 22, 2021 — see full recordings of the event here.

Step Into the Economic Future

The 2nd Annual SORA Economic Forum was held on September 23, 2022




Dr Makoto Takemiya SORAMITSU

Introduction + SORA Ab Chao ❤️‍🔥

Introduction and Kick-Off of the 2nd Annual SORA Economic Forum by Dr Makoto Takemiya + SORA tokenomics ugrade proposal announcement
SORA by Makoto Takemiya
Announcing XST: A Platform for Synthetic Assets on SORA. The world is in chaos. We are in a period of sharp transition between competing mainstream monetary systems and this is driving high inflation and redistribution of wealth.
Johannes Duong Oesterreichische Nationalbank

Oesterreichische Nationalbank Research Project Delphi: Simulation of Tokenizing Bond and Wholesale CBDC on a Blockchain

Discussing the topic of Oesterreichische Nationalbank Research Project Delphi: Simulation of Tokenizing Bond and Wholesale CBDC on a Blockchain
Raiffeisen Blockchain by Stefan Andjelic
"When we look at the EU, e.g., Germany, Austria, Switzerland, the culture is similar, but laws are different, which is the main bottle neck, not the technology"
Satoru Yamadera Asian Development Bank

Three Important Tips for Market Development—Lessons for Tech People and Policy Makers

Satoru Yamadera from ADB will share important tips for market development
Thinking Critically About Cryptocurrencies by Henok Tekle
"All regulations are effective under the jurisdiction where the regulations are assumed to be applicable. Do not assume you can change everything at once"
Hendrik Becker Deutsche Bundesbank

CBDC and Its Fundamental Influence on the Monetary System

Hendrik Becker from Deutsche Bundesbank discusses CBDC and the monetary system
Catching Up: Development Economics & Blockchain by Nikita Gurin
"Does CBDC change the monetary system? Yes, but this doesn't need to be a threat but rather an opportunity to get closer to economically, politically & socially desirable goals"
Ben Senn Valhalla Network

Quantitative Easing and Credit Creation in DeFi

Ben Senn, the Head of Strategy at Valhalla Network, discusses quantitative easing and credit creation in DeFi
Security Risks in Crypto: How To Stay Safe? by Travin Keith
"Bitcoin has become speculative, meaning it is a savings aggregate, pulling liquidity out of the market, thereby reducing the amount of available credit"
Borja Clavero Ugarte De Montfort University

The Nature of Current Accounts and What Allows Banks to Create Money

Discussion on how banks create money
Disaggregated Quantity Theory of Credit by Professor Richard A. Werner
"Strictly speaking banks don't lend money as you cannot lend a liability. Banks don't take deposits, if by deposits we mean what ordinary people think"
Tim Swanson Clearmatics

8 Areas of PMF and IMF in Blockchain*

Tim Swanson discusses product market fit and infrastructure market fit in blockchain*
Governance by Multi-Body Sortition by Terrill 'Terry' Bouricius
"People say that Blockchain is a solution to a problem that does not exist" — Tim Swanson begs to differ
Professor Richard A. Werner De Montfort University

The Case for Abundance: High Sustainable Growth and Prosperity Are Possible – Why Don’t We Get Them?

Professor Richard Werner discusses what all humans intuitively often wondered, but none seem to have solved in a way that we can all agree upon, at least not in our times
CBDCs and Economic Development by Gabriel Abed
"We need to work against the concentration of power through decentralization" — Professor Richard Werner



For cryptoeconomic systems to be able to compete with contemporary, centralized economic systems, there needs to be a rational economic model—this is the key thesis of the SORA economic system.

—Makoto Takemiya, CEO of SORAMITSU

Frequently Asked Questions

For millennia, human societies have organized into many forms of governance.
What is the SORA Economic Forum?
SORA Economic Forum is an event where the community comes together enabling scientists and speakers to discuss how SORA could have an impact on the economic future of the world. This online event will enable a substantive discourse between scholars, innovators and leaders of the SORA community to more deeply explore the tokenomics, macroeconomics and governance structures of SORA.
What is the role of experts?
In addition to citizens, full-time teams of experts are likely needed to work in the ministries of the SORA Parliament in order to perform analyses and simulations, as well as propose long-term strategic policies. Including domain experts into a democratic process, without having non-democratic domination by a technocratic elite is a very difficult balance to accomplish.
What is the end goal of all of this?
Because SORA (XOR) aims to be a supranational, global unit of account, store of value, and medium of exchange, the SORA Parliament also needs to be global, so as to avoid a Triffin dilemma. Thus, the end goal of all of this is to create not only a global new economic order, but also a supranational governance system that can go along with it.
Who can participate?
Anyone from anywhere in the world can participate in this event.
How much does it cost to attend the SORA Economic Forum?
It's completely free.
Why multi-body sortition?
Multi-body sortition allows for collusion- and censorship-resistant governance.
What makes SORA different?
Unlike many other blockchain networks and societies that use token voting, SORA utilizes multi-body sortition in order to govern the SORA blockchain network and use of the SORA funds in a decentralized way.
What is the purpose of the SORA Parliament?
In the SORA Parliament, no single body or committee can both propose and decide something; clear separation of powers allows for careful review and avoids self-selection.
What does it mean to be a SORA citizen?
Being a SORA citizen is a great honor and a great responsibility.
Professor Richard A. Werner
Professor Richard A. Werner Professor Richard A. Werner

Professor Richard A. Werner

—First Class Honours B.Sc. in Economics from the London School of Economics,
—doctorate in Economics from the University of Oxford,
—studied at the University of Tokyo.

Richard is a Member of Linacre College, Oxford, and is a university professor in banking and finance. He is also a founding chair of Local First, a community interest company establishing not-for-profit community banks in the UK.

You can follow him on Twitter @scientificecon.

Richard was a member of the ECB Shadow Council. He founded, and has been director of the Centre for Banking, Finance and Sustainable Development—the first research centre to focus on the link between the financial sector and sustainability issues.

He was a full-time professor of monetary, macro and development economics (W3) at Goethe-University Frankfurt, and Professor of International Banking at the University of Southampton. He was assistant professor in economics and finance at Sophia University, Tokyo. He has also taught at Moscow State University, as well as at a number of other universities.

His work experience includes Jardine Fleming Securities (Asia) Ltd., Bear Stearns Asset Management Ltd., managing global macro funds, senior consultant to the Asian Development Bank and visiting scholar and visiting researcher at the Japanese Ministry of Finance and the Bank of Japan, respectively. He was also the first Shimomura Fellow at the Development Bank of Japan.

In 1992, while European Commission Fellow at Oxford University’s Institute for Economics and Statistics, Richard proposed the disaggregation of credit and its impact on asset markets and growth with his ‘Quantity Theory of Credit’. In 1995, he advanced the concept of ‘quantitative easing’ in Japan.

His book ‘Princes of the Yen’ was a No. 1 bestseller in Japan, beating Harry Potter for six weeks.

In its English edition of 2003, he warned of the coming creation of credit bubbles and banking crises in the eurozone.

So did his 2005 book ‘New Paradigm in Macroeconomics’.

In 2014, Richard published the first empirical proof of the fact that banks create money when they grant loans.

SORA Socials