Jed McCaleb is a well-known software developer and entrepreneur based in San Francisco. He is an expert on cryptocurrencies, and the the products he has developed in the past include eDonkey, a revolutionary file-sharing service. McCaleb’s current venture is Stellar, which is a world-wide financial network designed to make bank transactions smoother for everyone with a focus on serving the developing communities of the planet.
A visionary and humanitarian as well as a business person, McCaleb recognized that the existing bank system was not adequately serving many of the world’s “unbanked” as a result of silo-type infrastructure prohibiting fast, universal transactions. Stellar, formed in 2014, is all about building connections between existing networks and uses a simple, fluid architecture to allow money to flow smoothly and securely for all users, not just those represented by traditional financial institutions.
Essentially, Stellar allows users to create an account, log in and then start transferring money. Its intuitive interface is largely a result of McCaleb’s design skills and concern for all users, and the product is poised to change the global financial industry. A community-oriented enterprise, Stellar receives feedback from all around the world as it develops its products, and the company has been key to contributing to open-source projects.
McCaleb believes that it’s important to focus on developing great products rather than on marketing existing ones. He feels that the Internet has created a medium where the strongest products rise to the top, therefore it’s not necessary to endlessly promote and advertise. Outside of the financial realm, McCaleb is interested in the emerging technology of artificial intelligence as he predicts that it will have tremendous impact on industry in the new future.
In general, his own personal approach to work is to focus on what’s important and not get bogged down in distractions and details. In his leadership role at Stellar, he divides his time between coding and responding to inquiries from around the world about Stellar products. In short, Jed McCaleb is game-changing developer and entrepreneur, and Stellar is a company to keep a close eye on.