Jed McCaleb has been a developer in the world of cryptocurrency for many years, and he is sure that blockchain technology will change the way that the financial system of the world works. McCaleb has worked on some of the most well-known crypto projects and was the founder of the Mt. Gox bitcoin exchange. Today, he works with Stellar as its Chief Technology Officer and co-founder. The blockchain company is in business to make cross-border payments easier and more affordable, and he expects that there will be a universal payment network at some point in the future.
If you take a look at Jed McCaleb’s Linkedin page, you will see that he has been working with decentralized technology for many years. He was the founder and Chief Technology Officer of MetaMachine, which created eDonkey2000; one of the original decentralized person to person file-sharing networks. If you look further, you will see that he also serves as an advisor for the Machine Intelligence Research Institute, which is a nonprofit that is in existence to make sure that artificial intelligence will benefit humanity rather than be detrimental to it.
With Stellar, Jed McCaleb is creating a network that makes monetary transactions move faster, and, in fact, it is already faster than bitcoin; by quite a bit. IBM is working with Stellar to create a payment system that large banks may be using. McCaleb believes that the initial coin offering phenomenon is a good thing and that the funds created by these offerings have already helped blockchain technology to grow much quicker than it might have without them. He believes this is much better than having to rely on venture capital. He also expects that all equity will be tokenized within a decade and that it will run on a decentralized network.
According to Coin Telegraph, Jed McCaleb knows that there are already many other projects underway that are looking to connect digital tokens to the existing financial market, and he is expecting Stellar to be a large contributor to the movement. The lumen, which is Stellar’s crypto token, is now one of the top 10 cryptocurrencies on the market.
Read Jed McCaleb’s prediction here: https://www.cnbc.com/2018/03/21/an-early-bitcoin-pioneer-predicts-how-the-blockchain-will-change-banking.html