Stellar is a global blockchain company with connections primarily in Asia. In addition, it serves companies all throughout eastern Europe and is even involved with American company, IBM. Their goal is to provide banking options to areas of the world that have no options. Stellar is making it possible for individuals to conduct transactions that were previously impossible.
One of their co-founders, Jed McCaleb, recently revealed his thoughts on the future of Stellar and other blockchain companies. While others believe that gambling or eSports may be where cryptocurrency will be most successful, Jed McCaleb believes mainstream financial institutions will one day implement blockchain in its systems.
“In the next 10 years I wouldn’t be surprised if all equity isn’t tokenized on some blockchain somewhere,” McCaleb confesses. McCaleb not only believes that banks will use blockchain but stock markets as well.
Companies are fighting all over the industry to try and get to as much of the market as possible. One company is already working to allow investors to purchase stocks with bitcoins. This company, Securrency, is a legitimate blockchain company, but several fraudulent companies have popped up due to the popularity of blockchain.
Legitimate companies such as Stellar and Securrency will have to wade through the pools of fraudulent companies to become a the global network that Jed McCaleb prophesized. McCaleb says that in order to become this future network a company must be able to efficiently exchange currencies of all types and be able to use a public ledger to keep track of transactions.
Stellar is on its way to fulfilling this prerequisite. Stellar already operates in dozens of countries in Europe, Asia, and Africa. Some of the companies that Stellar works with are Factury, Wipro, IBM, and Deloitte.
About Jed McCaleb
Jed McCaleb was originally known for his involvement with eDonkey, a peer to peer file sharing network. He eventually switched his focus to the cryptocurrency world when he transformed his video game market place into a bitcoin exchange network. Stellar is his most ambitious venture yet, as McCaleb sets his sights on the global expansion.