Shervin Pishevar is one of the people who has made significant contributions to the growth of the US economy. By supporting the growth of some of the biggest companies in the country, there is no doubt that he deserves recognition when he talks about matters of finance and economics. As a successful investor, he has had to make brilliant decisions that are backed by the performance of the US economy. His advice should, therefore, be treated with the seriousness deserved since it might be the difference between a successful and a losing investment. Shervin Pishevar uses the social media a lot to engage his followers.
Shervin Pishevar has engaged his followers in a tweet storm that contained 50 successive tweets. The tweet storm lasted for 21 hours and revealed a lot about the US economy. He believes that the economy is not headed in the right direction and he predicts that a financial crisis will soon hit the country. There are credible signs from the performance of the stock market, bond market and major assets. Shervin projects the equities market to lose over 6000 points and drive the economy to the downside.
Shervin Pishevar has also indicated that the country will also be performing badly in other sectors. He points out that the US will lose the infrastructural prowess to China. He cited an example where China is now building a railway station in nine hours. The US continues to lag in infrastructure development, a development that he relates to poor decisions made by the government and private companies.
Shervin Pishevar also used the tweet storm to show that the country will soon suffer due to a decline of the Silicon Valley as the best innovations hub. Shervin has predicted that the Silicon Valley will lose its glory as many countries come up with their Silicon Valleys. Today, it is not about coming to a physical location in the United States. Silicon Valley is an idea that many countries are striving to implement. In the future, the immigrant talent coming to the United States will go down significantly, and the US will face stiff competition from other countries.
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.