Now Entering Russ's World
Jed McCaleb is a world-renowned expert on blockchain and computer programming. He has worked with several different industries within the tech world and has left everyone of them off for the better after his departure. His resume includes executive positions at such companies as eDonkey, Mt. Gox, and Overnet. Now he is the CTO of Stellar. At Stellar, McCaleb oversees all technical development.
During McCaleb’s career, he has surely worked up enough experience to know what the future of the tech world holds. When McCaleb speaks, individuals in the tech world know to listen. Recently, McCaleb made a very exciting prediction concerning the future of blockchain.
“I think it’s pretty clear to me there will be a universal payments network,” Jed McCaleb said. “In the next ten year, I wouldn’t be surprised if all equity isn’t tokenized on some blockchain somewhere.”
One particular company is already making moves to provide investors with a way to purchase stocks with bitcoin;however, just as many fraudulent blockchain companies have spawned. This influx of illegitimate companies is the result of blockchain’s ever-growing popularity.
Stellar is making moves to fill this gap in the financial market as well. With the leadership of Jed McCaleb, Stellar has been able to expand all across Asia. Stellar provides impoverished countries with financial options they previously did without. Stellar makes it possible for residents of these countries to conduct international transactions as costs cheaper than more mainstream options.
McCaleb has been working with decentralized technology since the beginning of his career. Before bitcoin and other cryptocurrencies made us of decentralized protocols, Jed McCaleb was using it to change the way people downloaded files. eDonkey, one of his companies, entered the peer to peer market with a decentralized protocol that changed file sharing forever.
If McCaleb’s prediction holds true, it too will change the world. If blockchain technology does integrate itself with the financial world, it will mean safer, faster, more secure transactions. Cheaper transaction fees will also result in financial services being available to more people.