How Jed McCaleb-the cofounder of Stellar foundation in leveling technology with Blockchain

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Jed McCaleb is the co-founder and currently the director of the technical development unit at Stellar.org.

Background

Jed McCaleb relies continuously on leveraging expertise and skills to reduce ineffectiveness and improve current condition being experienced by humanity. He developed eDonkey, the most extensive network that enables file-sharing, as well as Mt. Gox, the pioneering platform that allows bitcoin exchange. Jed also developed Ripple in 2011. Jed McCaleb co-founded Stellar Development Foundation in 2014 when he discovered that the global financial structure was not adequately fulfilling its mandate, leaving millions around the world without inclusive and accessible resources. Jed also works with MIRI as an advisor, a firm that conducts researches on how artificial intelligence can positively impact the lives of people.

As the current director of the Stellar foundation, Jed McCaleb is creating dispersed structures that allow democratic economic contribution. He believes that we should continuously embrace technology to advance current human conditions. As a programmer, Jed spends most of his time comprehending about how he can steer the world onwards.

Jed McCaleb’s interview with CNBC

During a recent interview with CNBC, Jed McCaleb, as the initiator of Stellar CTO and Mt. Got., reviewed that he envisions a single global payment gateway that is Blockchain powered. Just like Ripple, Stellar is a global payment system that is blockchain powered and utilizes digital token.

Jed McCaleb also highlighted that it is also pretty clear to him that soon, there will be an existence of a global operable payment structure. He also envisions a possibility of embracing a hybrid system that eases payment of fiat money through the Blockchain.

Both Stellar and Ripple have begun to be deliberated by authentic financial organizations as possible disrupters in their payment methods. Currently, Ripple is being considered by Woon Bank, a South Korean based financial institution, for authorization as a mode of payment in 2018.

Jed foresees that by 2028, a global payment infrastructure that not only facilitates the exchange of currency in the form of fiat but also processes out-of-date assets such as shares and stocks could be realized through blockchain technology.

According to Jed McCaleb, there will be no significant developing in the next decade, and potential change will happen before 2028 as most equity will not be tokenized on blockchain by then.

Connect with McCaleb on LinkedIn.

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