Serge Belamant Effect On Block Chain Technology?

He was once acclaimed as the technology guru of South Africa, only comparable to Bill Gates and Steve Jobs. Serge Belamant doesn’t have a South African descent; he was born in Tulle, France in 1953. He moved to South Africa at age of 14 whereby he attended North High School. Since he was from a French-speaking country, he had to struggle to learn English from high school. He was a sports enthusiast as he played both rugby and chess. After high school, he went to Witwatersrand University. His first course was in engineering but later had other interests in computer science and applied mathematics. However, he suspended his studies after two years and pursued a course in information systems from UNISA. He started working at 22 years since he hadn’t completed his studies. Today Serge Belamant founded Zilch Technology Limited after exiting from Net1 Technologies. The main focus of this firm is on the developments that he did in the banking sector mainly in blockchain technology.

In the article “Serge Belamant and the Birth of Blockchain Technology,” we get to learn his fundamental contributions in the financial sector. He was the first person to implement blockchain technologies which became the backbone for developing many cryptocurrencies that we see today online. He innovatively connected this technology with the banking sector via smart cards and a microcontroller. This meant faster transaction times for a variety of activities like deposits and withdrawals. Serge has served various positions as a technology professional. He started at Matrix, which is a large civil engineering firm. Here, Serge Belamant created applications to assess water levels in dams in South Africa. Belamant worked for different firms until he founded NET 1 Technologies in 1989 after leaving SASWITCH.

His startup, Net 1 Technologies is what catapulted him to where he is today. He struggled to convince banks to utilize his Universal Electronic Payment System (UEPS) bud dint succeed that much. It was when Visa procured the services of the firm in 1995 that his technology had a breakthrough. The company grew over the years until he exited, being forced to resign in May 2017. Serge is considered as one of the fathers of blockchain technology and hit impact and reputation will be felt for years to come.

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