While it’s true that the name Serge Belamant doesn’t naturally come to mind when you think of blockchain technology – it should. Why? Because he’s the founding patent holder and has been a key contributor in many related advancements. Born in France, Belamant moved to South Africa with his family as a teenager, and later studied at both Witwatersrand University and the University of South Africa. Curious by nature, he studied engineering when he first started college, and later studied applied mathematics, computer science and information systems. There’s something about the enthusiasm of high achievers like Bill Gates and Serge Belamant, who both left college early to pursue their career goals.
What exactly is blockchain technology? It’s the type of technology from which you’ve probably benefited and didn’t even know it. Blockchain technology is used to make financial transactions more secure and accurate. It’s also used to make them more efficient. Specifically, blockchain technology is described as linking and encrypting a ledger of records that have sensitive information. The individual ledgers also include a time stamp and other data common to transactions.
Serge Belamant has filed many patents over the years, and he’s a patent holder for blockchain technology. He has also excelled as a business owner. As the founder of Net1Technologies, he was sought after by Visa for an important project that resulted in him moving to the United States. The project was successful beyond measure because he created the Chip Offline Pre-authorized Card (COPAC) for Visa, which is still used today to mitigate fraud and the improper use of credit.
Another significant achievement of Serge Belamant is the work he did when First National Bank of South Africa purchased Cash Payment Services (CPS). There was a lot of work required to modernize the system that paid grants to more than a million South Africans primarily located in rural areas across the country. These types of achievements were on the heels of many other successes in Belamant’s career, such as the work he did for Matrix Engineering where he worked with finite element analysis software that optimized water levels in dams. These are just some of his many career achievements.
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