The Life of Serge Christian Belamant
Serge Belamant was born in 1953. He was born to a tiler father. They moved to South Africa from France when Mr. Belamant was a teenager. About Serge Belamant got higher education and worked so hard in South Africa that he got the name of Steve Jobs and Bill Gates in the financial world of South Africa. He is considered the brain behind blockchain technology. This technology played a key role in improving the financial world . There was a need to switch over the usual transactions. There were a lot of different reasons involved behind the need for Blockchain technology.
The main idea behind creating such technology was to increase the transparency and efficiency of the financial services. This provided security as well. To define the Blockchain technology, one can simply say that it is basically a list of data connected to each other by cryptography. Each list consists of transaction data. Serge Belamant worked hard to come up with such technology. His main contribution towards blockchain was the use of smart cards. These cards used microprocessors that could be used offline and online as well. These smart cards can develop an independent and distributed transaction.
This allows the customer to do a lot of banking processes such as withdrawing credit, depositing money, transferring money to trusted accounts and investment as well. All of this with full security as well. Mr. Belamant used to work at SASWITCH but left the company in the late 80s. He later joined Net1 technologies. His company position was not looking good at the start, but it took off after Visa acquired them. The company, Visa, wanted to develop a new app by utilizing Serge Belamant system of fund transfer. Net1 Technologies started using the Universal Electronic Payment technology after Visa hired them. The combination of these two systems resulted in the production of Chip Offline Authorized Card. Visa still uses this card (COAP). Serge Belamant left the company named, Net1 Technologies as well. He then joined Zilch Technology Ltd.