Serge Belamant: Blockchain Patent Holder

SERGE BELAMANT TRANSFORMING WORLD OF TECHNOLOGY

Serge Belamant can be described as an icon when it comes to the world of IT. He started as a software developer, but through his innovative mind, he founded technologies that are very useful today. His biggest innovation yet is blockchain technology that uses smart cards which are ever operational.

The smart cards have micro-controllers that can create transaction ledgers that are distributed and independent. A blockchain contains a cryptograph that links together a list of records. The blockchain technology has been a key factor in the development of most cryptocurrencies. It has also aided the financial department in securing its systems and information on their customers. Cases of fraud have therefore reduced greatly.

Serge Belamant was brought up in South Africa by his father who was a professional tiller. His homeland is, however, Tulle in France. Serge attended a boys’ high school named Highlands North High School. He was an obedient and intelligent student who was well respected. Apart from shinning in his schoolwork, he also participated in extra-curricular activities such as rugby and chess.

After high school, he joined Witwatersrand University as an engineering student. He, however, did not graduate due to some minor complications in his coursework. Rather than repeating university, he opted to start working. He first worked at Matrix under its BKSH division. He, later on, moved to different companies working different posts. Serge Belamant did not fail to impress everywhere that he worked.

He used his computer skills and extensive knowledge to come up with new innovations at each stop. Finally, in 1989, Serge left the company that he was working to start his company, Net1 Technologies. The company was to use two of his innovations; Funds Transfer System and the Universal Electronic Payment System. Like any other emerging company, it faced some difficulties in its early years but became stable after working with Visa.

The partnership resulted in his company appearing in the Johannesburg Stock Exchange. Serge Belamant acquired Cash Payment Service and helped modernize it. He used UEPS to provide security and enhance speed in CPS. After successfully working on CPS, Serge Belamant’s fame spread like wildfire. His company worked with other countries such as Ghana, Burundi, Russia, and Iraq.

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