Jed McCaleb has been a founder and advisor to many businesses in the technology sector. He has always had an interest in how finances play a role in the economy. He has always wanted to create financial solutions to better assist the economy. His most recent project, a non-profit foundation that is overseeing his latest technology, will have a huge influence over the way payments are handled for years to come.
Jed McCaleb is a technology savvy person. He has been apart of numerous projects that work on creating technology for the financial industry. After years of working on other projects and companies, he decided to start something new. With the discovery and growth of blockchain technology, he knew he had something to offer to the cryptocurrency industry.
In 2014, Jed McCaleb founded the Stellar Development Foundation. The goal of the foundation was to monitor and handle the day to day operations and development of the Stellar protocol. The startup founder wanted the Stellar protocol to be a new, more advanced, more efficient way for financial institutions and consumers to use for internet-based payment. The foundation was built as a non profit organization to be open sourced to anyone who wanted to participate in it. The founder made sure to establish trust with his latest technological development, something he learned a lot about from previous projects.
A great thing about the Stellar protocol is that it is not a technology that has to be used by millions to build a public persona as a trustworthy tool. Only a few thousand or so is enough to garner the needed attention to make the Stellar protocol become an accepted and trusted platform for the mainstream. In its early stages, even governments are noticing the benefits that the protocol will offer.
Jed McCaleb’s inventive mind to create the Stellar protocol is a big thing in the blockchain technology world. There is some much buzzing around it. Industry experts everywhere are believing Stellar will have a major effect on how banking is done as the banking sector becomes more advanced with technology being invented. You can Connect with McCaleb on LinkedIn.
Watch this video featuring Jed McCaleb of Stellar: https://www.youtube.com/watch?v=VkzGgAL9N24