At some point we’ve all heard of cryptocurrency and the large volumes of profit people are making on this new technology wonder and the complex nature of the platform (known as blockchain) that it’s built. Well when it comes to the programming blockchain community, one person has managed to separate himself from the bunch and that’s Jed McCaleb. As a major force to be reckoned with, Jed McCaleb has definitely made his contributory efforts known to the blockchain community, thus singling him out as a world-renowned American programmer in the cryptocurrency field. Just to name a few, some notable accomplishments that launched Jed McCaleb to the forefront are his efforts in taking part of starting the first world, Bitcoin exchange (Mt. Gox) and his major contribution in formulating another first, a peer-to-peer decentralized file sharing network (eDonkey). In addition, as Jed remained in the technology, financial community, he noticed that our world-wide financial frame-work has prominent inconsistencies that must be rectified to show the necessary accuracy needed to assess the true information for correct decision applications. Jed McCaleb answer to the many, global, financial inconsistencies was a technology venture called Stellar.
The Stellar Development Foundation (co-founded by CTO Joyce Kim), serves to enhance the efforts of the economic community by weaving together a tight community with a universally, common financial medium. By operating In a financial commonality, all members are fostered to operate in an inclusionary way to produce balanced results that address financial and economic inconsistencies. Jed McCaleb thrives in this dichotomy fighting financial inconsistencies from a technology stance and from an economic, financial literacy stance. Jed McCaleb’s efforts and his nonprofit organization are here to fight the fight for those passed over in the economic, financial community. There are over two and a half billion people in this world who are unbanked. Jed McCaleb and other people are out there solving problems associated with this “unbanked” issue to alleviate the economic, financial, circular cause and effect scenarios that perpetuate these ongoing financial inconsistencies. By implementing technology tools such as an AI incorporated in Jed McCaleb various applications along with other tools, he and others hope to help solve the economic and financial ignored people in our global community.