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The Technological Developments of Jed McCaleb That Impact The Society

Jed McCaleb is an entrepreneur whose dimension of the venture has been in the software industry. Other than being an entrepreneur, he is a programmer who has developed the software industry by venting into channels which are yet to be tapped. The achievements he has been contributed by his education, skills, and experience in entrepreneurship.

He has ventured into many technological investments one of them being the Stellar Foundation. The company was started as a venture to fill in a gap in the business sector. Therefore, unlike many companies, Stellar Foundation is an online development which helps to make money transactions easy. The transactions made include many currencies which are acceptable and are done as cross-border. Therefore, the clients get to transact using different currencies and in different locations making business easier and more convenient.

As mentioned in this globalcoinreport.com article, the company has grown due to the great workers who perform their duties as a team. In addition, the working with other investors has been a boost to its growth. Therefore, the company has over the years worked to cater to the needs of the customers. The modifications were done in the company also help to ensure the activities are effective. For instance, Jed McCaleb has changed most of the operations to be done by the community. The move has helped to make the customers feel a sense of belonging in their daily activities.

For years the company has grown to be effective. Through several changes, it has developed to be more secure and scalable. As a programmer, Jed McCaleb has installed various technologies which have enhanced the operations. For instance, the recent introduction of Blockchain technology in the company has facilitated effectiveness. Blockchain has been introduced to enhance the scalability. It helps people to do their financial transactions faster and more reliably. Moreover, the Blockchain technology will make the payment systems global as it uses a digital token.

Furthermore, the technology will make the world a global village in finance with time. The connection in transactions is expected to be at one point making payments easy. According to Jed McCaleb, he believes that just like Ripple Blockchain technology would connect finances as well as assets such as stocks and shares. (Source: Github)

Find out more about the rise of alt coins: https://www.cnbc.com/video/2018/03/23/the-rise-of-the-alt-coin-according-to-the-stellar-co-founder.html