Jed McCaleb Working Towards a More Inclusive Financial Sector

Mr. Jed McCaleb is most popular for being the co-founder of Stellar.org which is working in the tech sector. He is also the creator of one of the biggest file-sharing networks of its time, eDonkey, as well as the Mt. Gox which was the first Bitcoin exchange, and then in 2011, Mr. Jed McCaleb developed Ripple. He is an advisor to the organization MIRI researching artificial intelligence n order to create a positive impact across the globe.

Other than business and tech development, Mr. Jed McCaleb is also working in the field of philanthropy. In 2014, he established the Stellar Development Foundation with the goal to distribute resources to people without any. The inspiration for the charitable foundation was his recognizing that the financial infrastructure of the world is too broken even though it has been developing for centuries. Still, people live in poverty that takes away lives on the daily. This never ending reality pushed him to do something about it because most others do not.

The Stellar Development Foundation was established in collaboration with businessman Joyce Kim. Mr. Jed McCaleb has been serving as the Chief Technology Officer of the organization, and so he is the leader of the technical development of the Stellar Development Foundation.

The charitable organization receives the support it needs from the non-profit business Stellar.org. The latter combines digital financial literacy with technology and regularly contributes to open source software. The idea that sparked the non-profit of Stellar.org was the realization that Mr. Jed McCaleb got that by using a distributed database and the technology behind it, many problems could find solutions. Such as Bitcoin and each behind it with sparked the idea for Mr. Jed McCaleb.

Mr. Jed McCaleb went the route of creating an open source financial network instead of a currency. The network connects thousands of financial institutions and promotes discussion and brings attention to issues in the financial infrastructure of the world. Mr. Jed McCaleb says that Stellar has brought many different institutions closer that have made an impact or have created solutions to various issues in the sector.