Jed McCaleb is a well respected programmer in the blockchain industry. Previously, he assisted in making Ripple into the success it is now. He has been involved in Mt. Gox, Usernet, eDonkey, Ripple and now Stellar.
His first innovation was with a tech company called eDonkey. Jed McCaleb created one of the first multi-source P2P file sharing protocols. At the time, this was industry leading technology. Similar technology is used in modern day for P2P programs.
Usernet came next. It was also a P2P program. Eventually eDonkey and Usernet merged together and formed eDonkey2000.
Next came a completely different company in the tech industry. Jed McCaleb created Mt. Gox as a platform for players of Magic: The Gathering to use to trade virtual cards on Magic’s digital, online version. Eventually Jed changed the direction of the company and turned it into the world’s first bitcoin exchange.
Stellar was created when Jed McCaleb and Joyce Kim put their minds together. Stellar is a blockchain protocol that is intended to be used as part of a financial institution’s digital infrastructure.
IBM and Stellar have teamed up to bring banking to the developing world. The deal with Stellar is all about moving assets across borders in the South Pacific. With Stellar, the citizens of these countries have a banking system that they never dreamed imaginable. Stellar has brought expensive services to an audience that could previously not afford them.
In addition to IBM, Stellar works with companies all over the world such as Tempo, Stronghold, Parkway, Cellulant, and Flutterwave.
Stellar may be intended to be used by those in countries that have yet to fully implement digital industries, but Stellar is still available in more developed countries too. Telindus is one such company out of Europe that has decided to put Stellar to good use.