Serge Belamant’s Contribution to the Growth of Blockchain Technology

Serge Belamant built a name in the tech industry as an individual who created the first incarnation of blockchain technology in 1989. He holds the patent for that technology. The inventions which are under his name brought efficiencies and transparency to the financial sector. His inventions offered a backbone for creating cryptocurrencies.

What is the blockchain technology?

Blockchain technology interconnection of distributed ledgers through cryptography. It came into being to promote data accuracy, transparency and security of customers and institutions. Mr. Belamant developed the technology applications by the use of smart cards. He came up with the smart card which can be used as a debit card and its microprocessor can function both online and offline.

Who is Serge Belamant?

Mr. Belamant was born in Tulle, France and he moved to South Africa at a young age. He attended Highlands North High School in Johannesburg, South Africa. He joined Witwatersrand University to study engineering but later switched courses to computer science and applied mathematics. He later moved to University of South Africa to study Information Systems.

He dropped out of university and joined the workforce at 22. He worked at Matrix. Serving at Matrix, Serge Belamant was so good at what he was doing that he found himself developing intricate computer models for Council for Scientific Industrial Research projects. He went ahead to work with SASWITCH, Control Data as well as DATABANK. He served at Bancorp as a risk management and analysis consultant. He is the founder of Zilch Technology Ltd.

Blockchain technology creation

Mr. Belamant created UEPS which was used to develop Chip Offline Pre-authorized Card (COPAC) for Visa. The development of COPAC was a big achievement for the entrepreneur. COPAC is still being used by Visa. He created the technologies through Net1 Technologies, his company then. Net1 Technologies grew tremendously innovating and inventing.

Serge Belamant today

He founded Zilch Technology Ltd where he continues to create more blockchain technology inventions.

Serge Belamant’s technology patents

  • Secure financial transactions-pending approval
  • Designation of Electronic Financial Transactions-pending approval
  • Verification of a Transactor’s identity- granted in 2014
  • Method and Apparatus for controlling a gaming operation-granted in 2001
  • Financial transactions with a varying pin

Leave a Reply

Your email address will not be published. Required fields are marked *