Jed McCaleb has been a leader in technological innovation since the early 2000’s. From 2000 through 2005 Jed McCaleb served as the founder of Meta Machine, which was an industry leader in P2P file sharing technology. After leaving Meta Machine Jed McCaleb turned his attention to what he saw as flaws in the current financial system which could be corrected through the use of new technologies, such as block chain technologies.
In 2014 Jed McCaleb co-founded Stellar Development Foundation with the goal of using the foundation to increase financial literacy around the world and support new technologies such as block chain. Block chain technologies have the unique ability to facilitate cross border payments without the hassle of dealing with financial institutions and the long delays associated with exchanging one national currency for another. Jed McCaleb believes that block chain technology will create what he refers to as a universal payment system, which will grow in the future to by the standard by which monetary transactions occur. However, as with any new technology, block chain will not be widely understood by the general populace and there will need to be a period of education so that people truly understand the potential for this new technology.
Jed McCaleb co-founded Stellar Development Foundation with this goal in mind. McCaleb believes that there are several untapped markets in the cryptocurrency arena that are not being utilized because people quite simply don’t understand how to utilize them. Stellar Development Foundation hopes to bridge the gap between the current lack of understanding the great potential for the cryptocurrency market to transform the current financial system. Initial coin offerings are one such market where the lack of education could hurt investors who may be taken advantage of by fraudsters. While it may take some time, Jed McCaleb believes that his foundation could help to make cryptocurrency markets more safe and efficient in the years to come.
Read more on Jed McCaleb and Stellar: https://globalcoinreport.com/stellar-lumens-technology-will-lead-to-new-global-payment-systems-jed-mccaleb/