Jed McCaleb’s first big contribution to the programming world was eDonkey’s downloading protocol. Version’s of Jed McCaleb’s original system is still used in peer to peer downloading to this day. Next came Mt. Gox, a trading platform for gamers that evolved into the first worldwide bitcoin exchange system. He has leaped further into the blockchain world with Stellar, his newest creation.
Stellar is a blockchain company that has already made deals all over Asia and Europe. They are even partnered with one of the biggest computer manufacturers in history, IBM. Companies and institutions that are partnered with Stellar enjoy a variety of benefits. They can conduct international payments much cheaper and faster than any other method available in today. Clients are also happy to know that the system is completely secure due to the methods employed by blockchain. Records are held on thousands of devices instead of a single device like other banking systems.
Jed McCaleb is involved in Stellar because he believes blockchain is the future of banking. A sentiment he shared with the public in an interview with CNBC. “In the future,” he began. “I think it’s pretty clear to me there will be a universal payments network that will operate.”
This should come as no surprise when you consider how hard Stellar has been working on their global expansions. Stellar lists 45 clients and partners from all over the world on its official website. The clientele of Stellar consists of names like Telindus, Anglo African, Poseidon, Hijro, and Factury. These are the companies that Stellar is working with to supply banking needs all over the world.
Jed McCaleb also expressed his belief that even stocks will one day be traded on a blockchain network. One company, Securrency, is already making moves in that direction. Securrency allows investors to pay for stocks via bitcoin.