Businessman Jed McCaleb is working programming and blockchain cryptocurrency. He started the first Bitcoin exchange called Mt. Gox. After that, Mr. Jed McCaleb ha worked on a variety of projects such as eDonkey which was among the first decentralized sharing network working peer-to-peer.
Since then, Mr. Jed McCaleb has been taking on a variety of business projects and other ventures. The latest one is called Stellar, and he started it in 2014.
Mr. Jed McCaleb started working with Joyce Kim who is the co-founder of the Stellar Development Foundation. is currently serving as the Chief Technology Officer of the establishment. The Stellar development Foundation is a financial network that focuses on increasing the economic inclusion and participation in business.
The Stellar development Foundations is strongly supported by the Stellar.org which is a non-profit organization that combines digital financial literacy and technology to deliver something new and compelling. The business also works with open source software.
The idea to start up the Stellar Development Foundation came to Mr. Jed McCaleb after noticing some problems in finance and how those could be solved by using a technology similar to the one behind Bitcoin for example. Mr. Jed McCaleb believed that connecting financial institution would solve those problems which gave rise to the Stellar Development Foundation.
Mr. Jed McCaleb states that according to the World Bank, there are almost 3 billion people that are unbanked. He says that by connecting financial institutions, the Stellar development Foundation can make it easier and more affordable for those banks to provide those people with banking. He also wished to bring forward an open source financial network in order to allow for cheaper and more seamless money transfers.
The Stellar Development Foundation has been implemented by a vast number of financial institutions as their economic infrastructure. Businesses, other financial organizations, and nonprofits have also started taking advantage of the services that the Stelar Development Foundation provides. Mr. Jed McCaleb believes that there is a lot to improve when it comes to the finance sector and that the Stellar Development Foundation is taking a step toward that.