Serge Belamant is a big name in the technology sector known for the first incarnation of blockchain technology and holds the patent for the technology. His creative innovation of blockchain technology in the late 1980s and he holds the patent for that technology. The inventions he has overseen have improved transparency, accuracy and security of data in the financial sector. He leveraged smart cards with micro-controller to come up with a smart card that can be used as a debit card that creates distributed independent transaction ledger.
What is blockchain technology?
The Blockchain technology is ledger records that are distributed but connected together by cryptography. The individual ledgers contains a cryptographic timestamp as well as cryptographic transaction data.
About Serge Belamant, He went to Highlands North High School and after completing high school, he joined Witwatersrand University where he studied engineering in South Africa in 1972. He dropped out of the course and started pursuing Computer Science and Applied Mathematics. He later went to the University of South Africa and decided to join the workforce early without graduating.
After dropping out of university, Serge Belamant started working at Matrix, a big civil engineering company. He worked in the company’s BKSH division. In 1980, he was awarded the analyst of the year. He served at DATABANK and while working at the company, he used Control Data equipment. The entrepreneur created the VIB network. As Serge’s career continued to take shape, he also continued to gain valuable experience in the tech industry. He also served at Bancorp as a consultant. As a result of his great performance serving in the position, he was granted a full membership to The RSA Computer Society. He was the head of IT division of SASWITCH. He has held many other positions and achieved a lot.
The creation of blockchain technology
In 1995, Serge Belamant was contracted by Visa to develop a new application through his FTS/UEPS technology which he had developed and tried to market in vain earlier. He worked in his tech company called Net1 Technologies to develop Chip Offline Pre-Authorized Card (COPAC) for Visa. Visa is still using COPAC till date.
Serge Belamant Today
He founded Zilch Technology after selling Net1 Technologies out. He is continuing with his technological endeavors at the company and it is interesting to find out what he will come up with next.