Jed McCaleb has certainly been on an interesting path across the tech industry. Most people stick to one sub-industry within the tech world, but Jed McCaleb is a man of many talents. Jed McCaleb has been involved in online third-party marketplaces, peer to peer file sharing, and cryptocurrency: a list of industries that take most a lifetime to master. Jed McCaleb has left everyone of these industries for the better, but now he is the CTO of Stellar, a blockchain company that aims to put digital infrastructure in place in underdeveloped countries for the purpose of banking, international transactions, and other financial services.
Jed McCaleb’s life in blockchain began in Mt. Gox. When McCaleb learned about Bitcoin from an online article, he researched further, eventually turning Mt. Gox into a global bitcoin exchange network. Prior to Mt. Gox, users struggled to set up transactions. Mt. Gox was a marketplace where people could meet and handle their business together. 80% of all Bitcoin transactions were at one point being done on McCaleb’s creation.
McCaleb sold Mt. Gox after realizing that there were many improvements to be made in the blockchain industry. Eventually, he started Stellar with technology that he had reinvented. Thanks to Stellar, dozens of countries in Asia and Europe are benefiting from financial services that they previously went without.
As the CTO of Stellar, McCaleb watched over all technical progress for Stellar. Stellar expanded on the open source software that was already available and turned it into a system that boasts impressive transaction speeds of 5 seconds or less.
Stellar and Jed McCaleb have already made public many of their partnerships, but new ventures are on the horizon. McCaleb recently teased one of these partnerships, but he refused to reveal the name of the other company. McCaleb simply stated that this partnership could open doors for Stellar that was previously unimaginable; Stellar may soon become a global transaction network, thanks to this partnership.