Serge Belamant the Father of Blockchain Technology

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Blockchain technology came with the aim of ensuring transparency, accuracy, and security in the financial sector. Since then, it has evolved and applied in several areas. Block chain technology is the backbone of crypto-currencies and advances suggest its use in securing the internet of things (IoT). Serge Belamant founded the technology by combining smartcard technology plus micro-controllers. Blockchain technology allows financial institutions, whether public or private to increase efficiency in matters deposits and withdrawals among other commercial activities. Serge Belamant owns his first patent to Blockchain technologies.

 

Born to a skilled tiller in Tulle, France, Serge, and his parents moved to South Africa where he enrolled at Highlands North High School for Boys in Johannesburg. He pursued his high school education while participating in various co-curricular activities. He participated in rugby and held the position of house captain for the science and bridge clubs. Additionally, Serge was exceptional in chess and ranked sixth in the 1972 South African Chess School Championships. He would graduate with an exemption pass and proceed to Witwatersrand University School of engineering. During his second year, Belamant switched to computer science and applied mathematics. He would then transfer during his third year to the University of South Africa. At the university, he took up the information systems. As the university didn’t allow him to transfer his credits from the previous universities, Serge opted to join the workforce. At this time, he was 22 years old.

 

Belamant career began at Matrix. He would then develop an application that helped the country predict and prevent effects of droughts by finding the optimal water levels in dams. His computer skills saw him work with the Council for Scientific and Industrial Research as the head of Pretoria computer section. During this time, his skills helped the institution in finding breakthroughs in statistical methods and road network analysis among others. Serge Belamant worked with Bancorp and then SASWITCH Limited until 1989 when he founded Net1 Technologies. It was with Net1 technologies that his career blossomed. Serge Belamant would later work with Visa and other companies. At its peak, Net1 Technologies valued at $2 billion. Furthering his greatest invention, he went on to develop Blockchain technology by inventing the firsts electronic purse that had the capacity of working online and offline. Today, he works with Zilch Technology Limited.

Sources of the article: https://www.behance.net/sergebelamant