PROF. RICHARD WERNER - BUILDING A DE-CENTRAL BANKING SYSTEM - KEYNOTE SPEECH AT VALHALLA NETWORK

Prof. Richard Werner's keynote speech at Valhalla Network's launch event - Return of the Ragnarok.

Richard explains the problems with today's banking system and its customer 'uncentric' approach. He describes how Deng Xiaoping travelled to Japan to learn their secret to high economic growth - namely, more banks! - before returning to China to implement what he learned.

By building a decentralised system of banks that focus lending for productive purposes to small businesses, you achieve much higher economic growth without inflation. This can be taken one step further, decentralise the ownership of those banks - this is Valhalla Network.

Richard is the Chair of Valhalla Network, a DAO whose mission it is to establish a global network of community banks. Building a banking system owned by the people, for the people. To find out more about Valhalla Network and to participate: www.ValhallaNetwork.io

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