Serge Belamant is a big name in the world of cryptocurrencies holding patent of blockchain technologies. His innovations brought many efficiencies to the financial sector. He provided a backbone for cryptocurrencies to grow. He created a blockchain based smart card that can work both online and offline.
What is blockchain technology?
Blockchain technology is best defined as distributed ledgers linked together with cryptography. The ledgers contains transaction data as well as timestamp. It came into existence to secure transactions and promote transparency as well as integrity of data.
Knowing Serge Belamant
Mr. Belamant attended Highlands North High School and excelled to join Witwatersrand University where he studied engineering before shifting to computer science and applied mathematics. He later dropped out of university and started pursuing information systems.
Serge Belamant was absorbed by Matrix, an engineering firm which operated under the ownership of BKSH. He worked as a software and systems engineer at the company. He was later assigned at the centre for scientific and industrial research where he headed a computer section of Pretoria, Witwatersrand and Vereeniging road planning project. He is the founder of Zilch Technology Limited.
Blockchain technology creation
He created the Universal Electronic Payment System (UEPS) and strived to get banks to use it in vain at first. Net1 Technologies was contracted in 1995 by visa to use UEPS technology to develop Chip Offline Pre-authorized Card (COPAC). Mr. Belamant moved to the United States where he got access all the resources to develop COPAC. He combined FTS and UEPS to develop COPAC which is still be used by visa today.
In 1999, Net1 Technologies acquired Cash Payment Services (CPS). The company continued to grow over time and in 2005, the company was listed in NASDAQ in New York as a public company. He became the Chairman and Chief Executive Officer of Net1 Technologies the same year. The company went on to collect several awards, grow bigger and innovate. One notable invention is the morphing as well as development of a 1:N Biometric Comparison Engine.
Serge Belamant today
He left the helm of Net1 Technologies and founded, Zilch Technology Limited. He is working at the company to come up with more blockchain-based inventions.
Serge’s technology patents
• Verification of a Transactor’s Identity-granted in 2014
• Designation of Electronic Financial Transactions-pending approval
• Method and Apparatus for controlling a gaming operation-granted in 2001
• Secure financial transactions-pending approval
• Financial transactions with a varying pin-pending approval.
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