Jed McCaleb is the name behind the renowned Stellar.org. He co-founded the organization in 2014 after realizing the need for an advanced financial system that enables individuals to share resources. Jed is passionate about technology and is always working hard to improve its usage and impact on people’s lives. Speaking during an interview, Jed revealed that his interest in Bitcoin cultivated his idea for Stellar org. Bitcoin’s distributed database made him realize its potential to connect financial institutions across the world. Jed explained that they created Stellar focusing on the free financial network with the aim of linking several single system financial institutions.
As explained by Jed McCaleb, it is generally costly for banks to serve low-income earners. The transfer of money between systems and financial institutions is also expensive due to restricted connections between the two. This is where his company comes in. Stellar helps to join the two parts allowing them to transfer money easily and economically. In order to be productive, Jed McCaleb focuses on running small teams to ensure both technical development and management are attended to. He implements two modes of work; reactive and focus. He maintains his operational efficiency by responding to emails and attending to meetings while in reactive mode. He, however, concentrates on coding and system building while in focus mode.
To ensure prompt accomplishment of tasks, Jed maintains maximum concentration at things at hand and avoids distractions. He dedicates much of his time to finding the most-ideal strategy. According to Jed McCaleb, it is important to have the right goal in place in order to achieve success. He urges entrepreneurs to aim for big things as its prize is equally huge. To help grow his business, Jed majors on creating superior products rather than marketing them.
About Jed McCaleb
Besides Stellar.org, Jed McCaleb has created other networks including eDonkey, Mt. Gox and Ripple. He has also contributed greatly to Machine Intelligence Research Institute (MIRI). He serves as an advisor to MIRI. MIRI is particularly committed to creating proper and advanced tools to ensure a firm base for future Artificial Intelligence software. Jed believes that people will live a much simpler life in the future due to the current technological advancements brought about by artificial intelligence.