Jed McCaleb is the Stellar co-founder and invented the Mt. Gox bitcoin exchange. He has a prediction that blockchain technology will come with an outcome in a “universal payments network”. Another thing he pointed out is the occurrence of initial coin offerings are displaying “markets not tapped right now by the financial system”. Something else, is he anticipates those that aren’t crypto assets like stocks will end up being loaded with exact technology. He also sees technology of cryptocurrency will influence stock markets, global payments, and fundraising in the close by future.
Jed McCaleb has participated in some of the largest crypto organizations right now. This starts with the Mt. Gox exchange of bitcoin. McCaleb is currently working for Stellar also as chief technology officer. Having this job centers on creating a network of cryptocurrency for payments that are cross-border with some big banks.
In a post from globalcoinreport.com, the network of Stellar is declaring transaction settlement time of close to five seconds or fewer. This is a fraction of bitcoin and it lets users to trade fast currencies backed by the government like the U.S dollar and euro. Also, McCaleb remarked that the occurrence of the sales of tokens display full markets that aren’t currently by the financial system utilized by the system of finance. Offerings of initial coin have brought up the identical of almost $9 billion in a little over four years. This information was from Autonomous Next which is a firm of financial research. One more thing to mention is that Jed McCaleb has an expectation that non-crypto assets like stocks will get loaded with the exact technology.
In his Bloomberg profile, it shows that Jed McCaleb has been serving as the Co-founder of Stellar Development Foundation since June 2014. This is a non-profit organization that gives to software that is open-sourced. Right now is creating decentralized systems that are democratizations of participation of economics. He has also been the Founder and Chief Technology Officer for “MetaMachine”. Which went on to creating other companies like kdrive and e Donkey2000. K-Drive is a storage system of files that in a fragmented way let files get safely transferred.