Jed McCaleb is an experienced programmer currently working in the blockchain industry. His company, Stellar, is working to bring banking options to impoverished countries with their blockchain technology. Prior to his work at Stellar, McCaleb worked in a variety of other companies in the tech world. He is known for his work with the companies eDonkey and Mt. Gox.
Based on a Behance.net post, his position makes him the perfect individual to speak about the future of the blockchain industry. McCaleb did exactly that in a recent interview. “In the future,” Jed McCaleb began. “There where be a universal payments network.” McCaleb is talking about a world wide system of payments that works together to make international payments easier.
Stellar has been working on achieving this since 2014 as mentioned in https://cointelegraph.com/tags/jed-mccaleb. This is why Jed is in a position to make such a groundbreaking prediction. Stellar is already working with dozens of companies all over the world. The company even works with big companies in America such as IBM. IBM uses Stellar’s technology to make international transactions because Stellar is safe and secure.
If Jed McCaleb’s prediction does come true it would mean a worldwide change for the financial system. Currently, as noted in ideamensch.com, the systems used by banking institutions are slower, less secure, and more expensive than using blockchain technology. Banks use a centralized system. This means that all of the bank’s records are held in a single location, making the system easy to hack and susceptible to fraud. Blockchain is different. It houses its records on thousands of different computers, making it impossible to fraudulently change. Even if a hacker were to change a ledger, thousands of other copies would remain correct. Here’s an additional info.
“I wouldn’t be surprised if all equity isn’t tokenized on some blockchain somewhere,” Jed McCaleb explained. McCaleb is predicting that one day even stocks and other non monetary funds will one day be traded via blockchain, instead of more traditional methods. More tips from McCaleb about Cryptocurrency here.