SORA is based on real value or the actual goods and services in existence, different from ecommerce which relies on fiat money created from thin air. Ecommerce won't work without credit card or cashless payments, but SORA can.
Since SORA is data-driven instead of money-driven, users can increase real profits by reducing the use of money through resource credits. Get wealthy by circulating and "arbitraging" real goods and services to society instead of fiat money or crypto
SORA is also based on Plato'sRepublic which describes social cycles. Crises happen when cycles change in a non-smooth manner. Our system predicts crises to reduce or prevent losses, an example was our correct prediction of the current crisis
SORA operators can choose their own measure of value. If one crashes or gets monopolized, they can easily switch to another
All the data is then compared by ISAIAH or the Impartial Spectator Automated Intelligence Aggregation Host in order to create a match of supply and demand.
The negroes on the coast of Africa have a sign of value without money. It is a nominal sign founded on the degree of esteem which they fix in their minds for every merchandise, relative to their need for it. A certain merchandize is worth three macoutes. Another is six macoutes. Another is ten macoutes. The price is formed by comparing all merchandizes with each other. They have therefore no particular money, but each kind of merchandize is money to the other.
Montesquieu, Simple Spirit of the Laws, Volume 2, Laws in relation to the use of money
SORA is based on Adam Smith's requirements written over 200 years ago before electricity was used. All features have an offline version to make sure the poor are not left out.
Plano Carpino was a monk sent as ambassador from the King of France to one of Genghis Khan's sons. The Mongols asked him frequently if there was plenty of sheep and oxen in France. Like the Spaniards, they wanted to know if the country was rich enough to be worth conquering. Among the Mongols who are ignorant of the use of money, cattle are the instruments of commerce and the measures of value. Wealth to them consisted in cattle, as to the Spaniards it consisted in gold and silver. Of the two, the Mongol notion, perhaps, was the nearest to the truth.
Wealth of Nations Book 4, Chapter 1
As a resource allocation system, we do rely on resources. But we give more importance to society over material things. That's why we call our system as social resource allocation. Adam Smith gave more importance to The Theory of Moral Sentiments than The Wealth of Nations, opposite of most economists and businessmen who value only numbers and money.
The secret to the Romans were their high morals that set them apart from barbarians, allowing them to develop the iron-resources of Spain and the grain-resources of Egypt. The Greeks were 'smarter', but the Romans had more feelings of unity.
SORA was selected in the Top 20 of the ASEAN's Next Great Idea contest in 2016 out of 400 startups in Southeast Asia
The Great Recession, Food Crisis, Oil Crisis, Eurozone Crisis, and Arab Spring explode
Juan reads Adam Smith's works as a solution to the Financial Crisis. He consolidates it into SORAnomics which predicts an economic anomaly by Q1 2018, and gets rejected by journals.
SORA is created as a startup to implement SORAnomics, with a 10-year sprint. The 2018 economic anomaly turned out to be the Bitcoin crash and the February stock market correction
Implementation of SORA Agreeculture, Match, Apprentice, and Market in preparation for the next financial crisis or The Great Stagflation
Scaling of SORA into regional implementations to meet the disasters from the Great Stagflation
Gathering of data and consolidation into SORAnomics by publishing results showing SORA's performance during the crisis, with the goal of establishing Hume and Smith's theories as a new science, just as Newton's Physics was proven by Haley's comet long after his death
Sell shares to SORA users with the most grain value
Prof. Dhanjoo Ghista (University 2020 Foundation)
I very much like this work: A Research Proposal For The Formalization Of The Science Of SORAnomics And The Establishment Of A Social Resource Allocation System
Prof. Gavin Kennedy, a world expert on Adam Smith
I believe it is developing into a worthwhile project.
I see enormous potential in SORAnomics
It's a nice idea that I may use to a certain degree. SORANOMICS does seem complex enough to represent reality, and we are slowly drifting to new system.