Jed McCaleb is an American investor and programmer. He has founded a number of organizations including eDonkey and Stellar Development Foundation which Joyce Kim is a co-founder. Jed is also expected to be on Forbes list of the world richest people in 2018. Jed continues to leverage technology and help minimize its inefficiency and as a result, improve the human condition.
Recently, Jed told CNBC that he has a vision of a blockchain powered system that would work for the whole world. Stellar uses a digital token and is also a blockchain powered system. Jed says that Ripple, another company he founded is expected to be embraced by South Koreans wood Bank this year. That means that legitimate and authoritative financial institutions accept the two modes of payment.
Jed says that by 2028 Stellar’s blockchain technology will be able to power various payments networks and also customary assets such as stocks. Despite Stellar’s systems token dropping recently, Jed says it has been up and appreciating for quite a period of time. Its recent adoption for the right network has also played a significant role in equalizing and balancing expected drawbacks and setbacks.
Jed McCaleb, who is a renowned crypto developer such as Bitcoin, believes that Stellar’s technology will bring significant change in financial systems internationally. The system is expected to take over various operations such as stoke, fundraisings, shares and payments. He further states that he will not be surprised if the changes occur before 2028.
With his skills in establishing various platforms such as Mt. Gox, Ripple and Bitcoin, his predictions cannot be ignored especially with today’s facts of Initial Coin offerings (ICOs).
In the last four years, a financial research firm says that the ICOs have generated close to over $ 9 billion. However, it also noted that the downside of ICOs is the fact that fraudsters have realized an easy way of manipulating the technology and stealing from the investors.
As a result, the regulators from across the world are more concerned, but the promoters of token sales insist that these are the new models of payments.
More facts about the Stellar Co-Founder: https://www.crunchbase.com/person/jed-mccaleb