At heart, Jed McCaleb is an altruist and humanist. It is his firm belief that technology can be leveraged to produce tangible benefits for all of humankind. Are these lofty goals? Of course. Mr. McCaleb’s work, however, is founded on a base that underlies all human activity on our little planet – that is, how to make financial transactions worldwide as efficient and practical as possible. Currently McCaleb is the co-founder and Chief Technology Officer (CTO) of Stellar Development Foundation (“Stellar”), a nonprofit, open-source software based universal financial network. (see: https://www.stellar.org/ ).
Jed McCaleb co-founded Stellar due to his belief that the current worldwide financial infrastructure is outdated and is limiting global economic potential. This is perhaps most true for regions and markets that have been heretofore underserved by current financial systems. Though he espouses the implementation of some revolutionary new concepts, Mr. McCaleb is not new to this field of endeavor. From August 2000 to September 2005 Jed McCaleb acted as Founder and CTO of MetaMachine. MetaMachine created a state-of-the-art file storage system that implemented secure file transfer in a decentralized manner. Additionally, McCaleb was behind the foundation of Mt. Gox, the first and largest Bitcoin exchange, which he sold in 2011.
Recently, Jed McCaleb was approached by CNBC.com about his work in crytocurrency and the development of a cross-border payment global network. (see — “An early bitcoin pioneer predicts how the blockchain will change banking” – by: Evelyn Cheng, CNBC.com, March 21, 2018). It is McCaleb’s firm belief that, in the near future, a universal payment network will operate worldwide. He envisions this global network leveraging the use of common currencies such as the U.S. Dollar and the Euro, yet opening up financial transactions well beyond traditional brokerage systems.
Jed McCaleb’s pontificates that within ten years all equity worldwide will be digitized and tockenized in a blockchain network infrastructure. This, he believes, will include non-cryptoassets, such as stocks. Mr. McCaleb’s ultimate vision is encapsulated in this statement on his Linkedin profile: “My hope is that Stellar.org will enable full economic participation for all human beings.”