Jed McCaleb’s Stellar is Working on the Future of Banking

As the co-founder of the Stellar Development Foundation, Jed McCaleb is working to change the way the world banks. While working with technology to process cryptocurrency, he realized that many of the methods being used in that industry could be applied to real-world banking with hard currency that could help make financial services much more accessible to people around the world. There are many people around the world who do not have access to the services that financial industries have to offer, most of those affected are people with lower-income in developing countries. Surprisingly, there are still thousands if not millions of people in first world countries that are unbanked.

 

By using an open-source network that is funded by Stellar.org, Jed McCaleb and the rest of Stellar hope that almost everyone in the world will be able to access a financial industry by driving down the costs and simplifying the transaction process. While technology has been developing quickly over the years, the banking industry has fallen pretty far behind. While Stellar.org works closely with Jed McCaleb’s banking aspirations, they also provide funding for open source projects of many different types.

 

\Along with his busy schedule with the Stellar Development Foundation, Jed McCaleb is highly involved with MIRI, the Machine Intelligence Research Institute. Artificial Intelligence is developing rapidly and as an advisor to the organization, Jed McCaleb wants to make sure that artificial intelligence will benefit humanity as much as possible. The organization is a non-profit that recognizes the fact that artificial intelligence may soon surpass human intelligence in just a matter of years.

 

Many of Jed McCaleb’s fans know him from his work on The Far Wilds with Code Collective. Code Collective was founded in 2007 and is responsible for the creation of the game that focuses on turn-based strategy with clever plays. While he no longer has time to devote to the game, The Far Wilds is still alive and well. Instead of letting the game essentially disappear, he gave the game and the responsibility that came with it to a group of fans that were dedicated to keeping it alive.

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