Serge Belamant: Blockchain Pioneer

What Steve Jobs, Bill Gates and Jeff Bezos are to the West Coast of the US, Serge Christian Pierre Belamant is to South Africa. Who is Serge Belamant? The name Serge Belamant may some day be a household name like Jobs, Gates, and Bezos, and synonymous with blockchain technology. He is credited as the first to utilize blockchain technology in the financial world and, consequently, the emergence of cryptocurrencies like Bitcoin, Ripple, and Ethereum

About Serge Belamant was born in France in 1953 and moved to South Africa at the age of 14. At the age of 22 (and without a college degree), he was offered a job at Matrix, a large civil engineering firm. It was at Matrix where he began to develop computer models for the Council for Scientific and Industrial Research (CSIR) and his programming reputation as a magician grew. He was awarded analyst of the year in 1980 at the age of 27.

In 1995, Belamant worked for his Net1 Technologies and was hired by Visa to develop a new application which became the Chip Offline Pre-authorized Card (COPAC). It was a watershed moment for the technology and for both Serge Belamant and Net1 Technologies. Belamant’s reputation continued to grow along with the awareness of his new blockchain technology. In 2005, he and Net1 relocated to New York and Belamant became Chairman and CEO. Following Net1, Belamant went on to found Zilch Technology Limited which develops his growing list of patents for use in the banking industry. His iconic work continues to contribute to the expansion of the cryptocurrencies market.

A few of his more notable patents include:

Method and Apparatus for Controlling a Gaming Operation (1998)

Verification of a Transactor’s Identity (2007)

Secure Financial Transactions (2007)

Designation of Electronic Financial Transactions (2007)

Financial Transactions with a Varying Pin (2013).

Although his expertise role in the development of blockchain technology has at times been in question, he has emerged as one of the fathers of blockchain technology.

 

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