Serge Belamant is responsible for inventing one of the most revolutionary technologies, the blockchain technology. He was born in France, but at the tender age of 14, he started his life in South Africa. He qualified to join a high school where he developed interest sports and also played chess. It is in this school where he became more proficient in the English language. College followed and he qualified for a Computer Science degree at Witwatersrand University. He took the classes for two years only and discontinued to join the University of South Africa for information system courses. His achievements in technology got the South Africans comparing him to Steve Jobs. He holds the patents to the many technologies he has developed in his career.
The technological innovations by Serge Belamant have been useful in transforming the financial systems all over the world. They are responsible for speeding up the bank processes such as money transfers and other transactions initiated by banks, governments or even individuals through secure platforms. The developers of the cryptocurrency have also been using the blockchain technology.
Although Serge Belamant has been employed by different organizations to handle matters of IT, the company that made the greatest impact in his life was SASWITCH Limited. The company was then under the ownership of the RSA banks. The company’s switching system had a problem and could not hold over 100 transactions. Therefore, the company hired Serge Belamant to create a technology that would make the bank operations more efficient. To resolve the issue, he invented the National ATM Switch and now the system could handle over 100 transactions in a second. He invented the POS technology while still in the company.
In 1989 he founded Net 1 Technologies, a tech company. Initially, the business was slow because of the high number of start-ups. In this time he was selling the Universal Electronic Payment System he had developed. In 1995 when the Visa contracted his company, he invented the Chip Offline Pre-Authorized Card, and this technology is in use even today. In 2012, as part of a for the Social Security department project, Serge Belamant achieved several breakthroughs such as the Biometric Comparison Engine and the morphing technology