Bancor’s mission is to promote blockchain technologies to encourage expansion of the monetary system and drive adoption of the Bancor Protocol. The Bancor Protocol solves the problem that a currency must be widely circulated with a large market capitalization to have liquidity; traditionally, only nation states have had the resources and influence to launch and drive adoption of currencies.
Blockchain technology lowers the barriers to entry of what is require to create and issue a currency. The Bancor Protocol gives people and communities an easy, free way to create currencies that are instantly liquid – and therefore instantaneously connected to the larger global economy.
PHOTO: NATALiyA JIDOVANU, CC Bloomberg, permission request in process
Our History & Origin Story
John Maynard Keynes
The Original Bancor
The bancor was a supranational currency conceptualized by renowned economists John Maynard Keynes and E. F. Schumacher in the years 1940–1942. They developed the bancor with the hopes it could be used in international trade to create a more resilient global economy in the post World War II era.
The Bretton Woods Conference
The Bancor proposal was presented (and rejected) at the historic Bretton Woods monetary policy conference, where the United States Dollar was selected as the global reserve currency. The Bancor Foundation is named in homage to the path not taken, and represents our optimism and hope towards building a more free, fair and resilient financial future.
Bretton woods conference, 1944
In Honor of Bernard Lietaer
Bancor Foundation’s founding vision and work today is done in honor of Bernard Lietaer, the world-renowned economist and economic visionary, who was the Chairman and Chief Monetary Officer of the Bancor Foundation.
Bernard was a financial justice warrior; a fierce advocate, sharp businessman and revered educator who dedicated his extraordinary career to exploring global monetary systems, uncovering truths about their effect on civilization and shaping their evolution through rigorous research, eloquent writing and heartfelt lectures around the world.
His breakthrough vision on the power of a complementary currency program motivates our belief in a multi-currency future, and is the philosophy that underpins our product roadmaps. The mission to further his legacy drives our work every day – we miss you, Bernard.
New Money for a New World
New Money for a New World examines a previously unexamined culprit for the many issues we face today — the monopoly of our centuries-old monetary system.
Creating Wealth: Growing Local Economies with Local Currencies
This book will appeal to community activists, city planners and other public officials, and anyone interested in developing strong local economies.
Rethinking Money: How New Currencies Turn Scarcity into Prosperity
In this visionary book, Bernard Lietaer and Jacqui Dunne explore the origins of our current monetary system—built on bank debt and scarcity—revealing the surprising and sometimes shocking ways its unconscious limitations give rise to so many serious problems.
The Future Of Money: Creating New Wealth, Work and a Wiser World
Based on the four mega-trends of monetary instability, global greying (an ageing global population), the information revolution, and climate change, Bernard Lietaer looks at different scenarios of what the world might be like in 2020.