Serge Belamant Creates And Patents World’s First Blockchain Smart Card

Serge Belamant is a London, England, entrepreneur who has been in the technology industry for his entire career. He was born in Tulle, France, and spent his later teen years in South Africa. He graduated from Witwatersrand University with degrees in applied mathematics and computer science before moving to the United Kingdom.After graduating in 1972 he went to work at Matrix which is an engineering firm. He developed applications that were operated on small to medium sized IBM computers. Serge Belamant created programs that were used to analyze the level of water at dams and could predict when future droughts would occur so that dam levels could be kept at the optimal height.

He went on to join Control Data which built supercomputers. He was on their application support team where he debugged computer code and operated a number of different scientific packages. In 1982, he was named as the “Analyst of the Year” at this firm.Serge Belamant founded NET1 UEPS Technologies in 1989. While leading this company as its chief executive officer he was able to create the first version of blockchain technology. He now holds six patents including one for that blockchain tech. Most of his business patents have to do with using technology to verify people’s identities and ways of facilitating secure electronic financial transactions.

His company created the first blockchain debit card which is now being used by over three million people. Serge Belamant says that blockchain is going to completely change how banking works. This patented technology uses a smart card that not only works as a debit card but can do a lot more.Serge Belamant says that this smart card can be used wherever EMV cards are accepted. All of the transactions used on it are recorded on distributed ledgers. What really sets this technology apart is that the smart card will work even when it is offline which no similar technology has ever been able to do. The card can act as a bank account but isn’t saddled down with banking infrastructure costs.

This entry was posted in Financial, Financial Expert and tagged . Bookmark the permalink.