How Jed McCaleb Is Helping The Un-Banked People Of The World

Jed McCaleb has been in the technology industry as an entrepreneur for 18 years. He now works for two nonprofits in the industry. The first one is the Machine Intelligence Research Institute. He donates money to this organization and serves as a top advisor. He says that artificial intelligence an area of technology that holds great promise but also grave peril. This nonprofit was created to provide guidance to AI researchers in order to ensure that what they create is safe for humanity. He says that while this technology will improve people’s lives around the world it can also be used in ways that are a threat to people.

The other nonprofit Jed McCaleb works at is one he co-founded, Stellar Development Foundation. He established this nonprofit in June 2014 and he is the chief technology officer. His goal is to use open-source software to unleash the financial system from its current outdated infrastructure that doesn’t work for far too many people. He said he got the idea for Stellar from the cryptocurrency Bitcoin. Bitcoin uses blockchain technology which is a distributed database that serves as a virtual ledger keeping track of Bitcoin transactions and who owns what.

At Stellar, Jed McCaleb says the goal is to give people a way to make financial transactions who today don’t even have a bank account. Banks don’t want low-income people as customers because they cost more than they bring in, he says. The new financial system he is creating will give these people a way to save and transfer money, something that right now is far too expensive for many people around the world if it’s even available at all.

Nonprofits and companies around the world are now using Stellar. Jed McCaleb says that one of these nonprofits is the Praekelt Foundation in South Africa. They have slotted Stellar into their messaging app, Vumi. This allows young South African girls a way to save money using airtime credits. Airtime credits, he explains, is a form of mobile money that is used in developing countries around the world.

What to Know About Sawyer Howitt

Sawyer is currently a second senior at Lincoln High School, based in Portland. Most of the people refer to him as the smartest young man in his hometown. He focuses his energy on school work, and his business and finance. Being an athlete is also part of his reputation.

David Howitt, the father to Sawyer Howitt, is the founder of the Meriwether Group, a company that helps businesses both small and large scale since the year 2014. Every entrepreneur will admit of the overwhelming moments during business startup. It is, therefore, essential to have the guidance of a financial advisor to lead you on the path to follow. Meriwether Group has stepped up in helping business people to start, expand and lay out long-term plans that will see the business viable.

Career

Sawyer Howitt is a high school senior and an experienced employee at Meriwether Group, holding the title of The Project Manager. His next plan is to study at the University of Colombia and equip himself with a degree in Entrepreneurial Finance. His primary focus is on retailing business, currently working on a project that uses RFID technology to ensure that shopping online is efficient, time saving and reliable. The use of RFID chip is to ensure that the goods at a retail shop get tracked, reducing theft cases hence leading to wealth maximization.

Sawyer Howitt is a real definition of hard work pays. Being successful is not determined by age factor or even the level of education but on dedication, and determination in achieving out desired goals.