Serge Belamant: Creating The Electronic Future

Out of the need to help the financial industry to increase the accuracy, customers, and transparency Serge Belamant created Blockchain technology. Blockchain helped create cryptocurrencies by creating a program that keeps track of data. More specifically it keeps track of cryptography. Cryptography is a method of writing and solving codes. So be creating his process of processing computer coding Serge Belamant has opened the door for more data to be processed more efficiently.

Serge Belamant has accomplished an incredible amount since being born in Tulle, France in 1953. His father worked as a professional tiler. At 14 the whole family moved to South Africa and that is where he learned English. He was able to handle his school work while playing sports and being captain of different clubs during school. When he first started his College career he first studied to become an Engineer. Later he switched and studied Information Systems.

When he was 22 he chose not to complete his degree. He worked with finite element analysis software at a company named Matrix. He wrote coding that helped to find to best water level and to prevent and predict droughts for dams all over RSA. Later he developed computer models for the Council of Scientific and Industrial Research. Serge Belamant was named analyst of the year in 1980 and 1982 while working as Head Analyst at Control Data. While working with Databank he was able to create the first financial data processing system and he created the VIB network. He later became a consultant for Bancorp and advised in risk management by creating a program that analyzed risk and sustainability for businesses. His work there led to full membership at the RSA.

When he accepted a new position working for SASWITCH he fixed the problem of their computer’s inefficient processing and backup capabilities and he made it possible for all RSA computers to connect to one another. He also developed the POS system which processes financial transactions electronically.

Serge Balemant left SASWITCH in 1989 and developed Net1 Technologies where he created the Funds Transfer System and Universal Electronic Payment System. In 1995 he was hired by VISA and created the Chip Offline Pre-authorized Card. He was able to find a way of paying 10 Million people by creating the Variable Pin.

Currently, he has left Net1 Technology and he now runs Zilch Technology Limited where he keeps creating Blockchain coding. He also owns the patent for Blockchain.

Learn More: