Jed McCaleb is widely recognized as the founder of eDonkey, one of the first peer-to-peer file-sharing networks of the dot-com era, and throughout his career, has maintained the mission of utilizing technology to increase efficiency to improve humankind. It was upon recognizing that the current condition of the world’s infrastructure needs much improvement, that he decided to delve into his latest endeavor – the creation of Stellar.org. Stellar.org is a localized payment network that allows the currency to be moved from one place to another, providing resources for populations that have traditionally been neglected by established banking institutions.
It was Jed McCaleb’s interest in Bitcoin that led him to create Stellar, as upon recognizing that it was a distributed database, he understood that financial institutions could be connected by utilizing this groundbreaking platform. Currently, there are billions of people around the world that are considered to be unbanked, as most banks throughout the world do not find it cost-effective to service people that fall within a certain income bracket. With Stellar.org, these unbanked populations will be able to move monies from point A to point B at a decreased cost when compared to what their current options are. This, in effect, will change the way in which banking institutions operate on every continent. When working on Stellar, Mr. McCaleb usually divides his time into two separate parts – “focus mode” and “reactive mode.” During focus mode, he works on building his actual platform, and while in reactive mode, he focuses on networking, sending and responding to emails. In order to constantly remain productive, he maintains his sight on the overall project that he is building, so as to not waste time on things that he deems unessential.
Aside from focusing on his operations at Stellar, Jed McCaleb has become increasingly interested in the developing tech, artificial intelligence. He predicts that over the course of the next two decades, artificial intelligence will increase efficiency for the human population exponentially. Because of his staunch belief in the power of artificial intelligence, Jed McCaleb has become actively involved with the Machine Intelligence Research Institute, donating funds, while also overseeing many of their operations as an advisor.
More on Jed McCaleb: https://github.com/jedmccaleb