Those new, yet perplexing technologies like cryptocurrency and blockchain can be daunting for computer programmers. And especially those software developers who want to vault themselves to the forefront as thought-leaders, CEOs, or CFOs in a hot business sector like cryptocurrency. For entrepreneurs and software developers like Jed McCaleb, being on the cutting edge of technology, as it relates to the development of technology platforms, is quite customary.
Jed McCaleb’s talent for software development and creating groundbreaking computer platforms began around 2000, with a peer-to-peer file sharing platform he hatched named eDonkey. It was the first Internet platform to allow multiple people to download files.
And in 2018, Jed McCaleb is striving to once again, put his name on the short list of technology go-getters and industry disruptors. As CTO of Stellar.org, McCaleb and cofounder, Joyce Kim were looking for ways to solve some of the issues involved with cryptocurrency, especially the lack of scalability involved with Bitcoin. Stellar.com, a non-profit organization, works with the banking sector. Stellar.org works as an open-source network for institutions involved in Bitcoin, and other cryptocurrencies like Bitcoin Cash, Litecoin, or Ethereum.
The mission of Stellar.org is to address the more than 2 billion people in the developing world who are not associated with any banks. McCaleb envisions Stellar Foundation to be that key business and investment solution. Stellar.org can bring cost effective, yet secure options for banking entities. Future banking customers could use Bitcoin to make cost effective and timely transactions in the same method that P2P file sharing softwares like Napster.com and McCaleb’s eDonkey did. Jed McCaleb’s plan with Stellar.org is to connect banks with an open-source network, which is affordable, yet provides for continuous transactions of cryptocurrency without detriment.
Besides potentially disruptive technologies like blockchain and cryptocurrency, McCaleb is involved deeply in Artificial Intelligence (AI). Jed McCaleb quips that AI is something that could take hold in two decades. McCaleb is currently an advisor to the Machine Research Institute (MIRI). MIRI is a non-profit organization focused on creating tools that will ensure safety and security for AI computer programs used in the future.