Jed McCaleb, the creator of the early peer-to-peer file-sharing network, eDonkey, would spend years in the financial technology sector before the idea for his most recent endeavor, the Stellar Network, would manifest itself into a tangible platform. Sparked from his understanding of Bitcoin and its concept of transferring value throughout a distributed database, the Stellar Network seeks to bridge the gap between the world’s unbanked population and the financial institutions that have long neglected them. In an effort to increase the efficiency of financial transfer throughout the world, the Stellar Network aims to offer a cheaper, more efficient alternative. Already, the Stellar Network has been recognized by the United Nations and is being utilized by a number of reputable organizations, including the Praekelt Foundation of South Africa.
Jed McCaleb has enjoyed a nearly unprecedented level of success throughout his career due to his many significant contributions to the online community, and he attributes this run to his ability to compartmentalize, as well as his habit of maintaining focus on the goal at hand while eliminating anything thing deemed as unimportant to the process. While he believes that these characteristics are essential for any successful entrepreneur, his method of compartmentalization is rather unique. Breaking down his day into a “focus” sector and a “reactive” sector, has allowed him to spend one part of his day fine-tuning his product, and the other part of the day, communicating with people that could help the company grow for the future.
When he is not tied up with the minutia associated with running the Stellar Network, he spends a great deal of time focusing on the budding tech, artificial intelligence. Once thought to be a figment of science fiction, has, in recent years, come closer to science fact. Over the next twenty years, Jed McCaleb predicts that artificial intelligence will have a profound effect on the everyday lives of humans throughout the world, likening it to movements of tremendous magnitudes, such as the agricultural revolution. Due to this interest, he recently came aboard the Machine Intelligence Research Institute, working as an advisor, in an effort to dictate the positive usage of the technology for the future.