Jed McCaleb is an expert programmer who is currently leading technical development at Stellar, a blockchain company that works with financial institutions to provide safe, secure transactions across the world’s borders.
During his career he has worked with pre-existing technology to improve it and reduce inefficiency. He worked within the filesharing world to create a filesharing protocol that downloads the same file from multiple sources at once. He then moved to decentralized market plcaes: he created Mt. Gox. What started out as a trading platform for gamers quickly evolved into the world’s first bitcoin exchange network.
Now, Jed McCaleb, recognizing the world’s need for a better banking network, has created Stellar along side Joyce Jim. The two of them have created a transaction network that is already active through-out parts of Asia. Stellar is also working with-in IBM’s digital infrastructure to create the possibility on cheap international transactions.
His expertise in all things tech and blockchain makes him the perfect person to make the bold prediction he did. He expects that in less than 10 years blockchain and the banking system will be interwoven. Blockchain is already the most safe and secure record keeping technology available; blockchain is far superior to the technology currently used by banks. If blockchain did become a part of the world’s banking systems it could be a change for the better.
“In the future, I think it’s pretty clear to me there will be a universal payments network that will operate,” Jed McCaleb revealed. McCaleb says he believes not only will blockchain be responsible for handling the record keeping of banks worldwide, he suggests that only one blockchain technology will emerge successful when the dust has settled. This one company could united the entire world’s financial system into a more easy to understand, seamless network.
Stellar is working to become a worldwide name, but it has lots of competition. Securrecy, another blockchain company, is already working to make it possible for investors to use cryptocurrency to purchase stocks.