Step Into the Economic Future


The Inaugural SORA Economic Forum Was Held on June 22, 2021




Makoto Takemiya SORAMITSU


SORA is a supranational economic system that is based on the Disaggregated Quantity Theory of Money and aims to be the catalyst for advancing humanity.
SORA by Makoto Takemiya
Hear Makoto Takemiya, the key contributor to SORA, speaking on the technology and economics, including the token bonding curve, behind SORA.
Stefan Andjelic Raiffeisen Bank International

Raiffeisen Blockchain and Trends in How Financial Institutions use Crypto Assets

Discussion of what financial institutions are doing with crypto assets.
Raiffeisen Blockchain by Stefan Andjelic
Stefan Andjelic, Blockchain Hub Lead at Raiffeisen Bank International, speaks on the topic of Raiffeisen Blockchain, and what financial institutions are doing with crypto assets.
Henok "Hen" Tekle Alphachain

Thinking Critically About Cryptocurrencies

Thinking Critically About Cryptocurrencies by Henok Tekle
Henok "Hen" Tekle — an angel investor, advisor, co-founder and managing partner of Alphachain, highlighting the need to be 'Thinking Critically About Cryptocurrencies' in a discussion together with Makoto Takemiya.
Nikita Gurin Google

Catching Up: Development Economics & Blockchain

Blockchain and crypto economic systems have a lot of potential to help countries develop and increase output.
Catching Up: Development Economics & Blockchain by Nikita Gurin
In his presentation, Nikita Gurin, a student of Professor Richard A. Werner, and currently working for Google, is exploring the potential of #blockchain technology in helping developing countries to catch up economically.
Travin Keith Immunefi

Security Risks in Crypto: How To Stay Safe?

Security Risks in Crypto: How To Stay Safe? by Travin Keith
If anybody knows anything about security risks in crypto, it would be Travin! The superbly warm welcome he received by the attendees in the chat room during the live event was only more proof of that. Enjoy!
Professor Richard A. Werner De Montfort University Leicester

Disaggregated Quantity Theory of Credit

Professor Richard A. Werner discusses the Disaggregated Quantity Theory of Credit and how it relates to economic growth.
Disaggregated Quantity Theory of Credit by Professor Richard A. Werner
What is economic growth? Excursion into the mysterious world of banking.

'If you can understand everything in this video, you understand SORA'
Terrill "Terry" Bouricius Political Scientist, Former Vermont House of Representatives

Governance by Multi-Body Sortition

Democracy is often misconstrued as denoting a voting-based popularity contest. However, the roots of democracy are based on randomly selecting decision makers.
Governance by Multi-Body Sortition by Terrill 'Terry' Bouricius
Hear Terrill "Terry" Bouricius, a political scientist, former Vermont House of Representatives member, speak about the roots of Athenian democracy and random selection of decision makers via governance by multi-body sortition.
Gabriel Abed Appointed Ambassador to the United Arab Emirates, Barbados

CBDCs and Economic Development

CBDCs and Economic Development by Gabriel Abed
Gabriel Abed, a true pioneer of digital currencies, and newly appointed Ambassador of Barbados to the United Arab Emirates, sharing his forward thinking insights on the subject of CBDCs and economic development.
Tim Swanson Clearmatics

DeFi's Dependency on the US Banking System (via USDT/USDC)

DeFi's Dependency on the US Banking System (via USDT/USDC) by Tim Swanson
"About 59% of the collateral backing DAI is USDC, and nearly 10% of the total cryptocurrency 'market cap' is now comprised of stablecoins." —Tim Swanson, Head of Market Intel at Clearmatics, discusses parasitic stablecoins and DeFi's dependency on the US banking system.



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. WernerProfessor 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