As an inventor and forward-thinking individual, Jed McCaleb’s mission is to use technology to reduce inefficiency and improve the conditions of human beings across the globe. As an innovator, cryptocurrency devotee, and Web entrepreneur, Jed McCaleb has positioned himself in a unique spot — one that involves solving pressing global issues using new technology to reinforce his visions. McCaleb has done well for himself over the years with his useful, Internet-based website platforms.
In unique areas of finance and technology like cryptocurrency and the blockchain, McCaleb has a lot to say about it. McCaleb has been focusing quite intently on his Internet and cryptocurrency-based project, Stellar.org. McCaleb started to understand that the financial organizational structure around the globe was dysfunctional. McCaleb’s actions can be based on what he gleaned from the World Bank’s statistics, which noted that there are 2.5 billion plus people who live in the world without a rapport with banks.
McCaleb delved into the entrepreneurial sphere by utilizing his programming abilities at the time of the technology stock boom of 1999. McCaleb created a network of computer nodes and a gargantuan file-sharing network in the day called eDonkey.
Presently, Jed McCaleb and his Stellar.com co-founder, Joyce Kim are utilizing the blockchain technology and Bitcoin as the impetus behind universal money processes and tools like APIs. Stellar is directly involved with banking transactions and key stakeholders as part of the banking and lending process. There are 2.5 billion bangles people who could use the help of Stellar to work as an intermediary between people and banks. Not only does Stellar network support Stellar.org, but it is a non-profit that was founded in 2014. Stellar.org links many different banking institutions to each other using Bitcoin as its capital.
In terms of other cutting-edge technology that Jed McCaleb considers interesting, artificial intelligence (AI) is a top one. For Jed McCaleb, AI is exhilarating, yet frightening technology that he considers as game-changing as the agricultural revolution. McCaleb is a mentor for the Machine Intelligence Research Institute. MIRI‘s credo is to make sure that AI software programs are secure in the future.