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Serge Belamant, inventor of blockchain technology and founder of Net1 Technologies and Zilch Technology Limited

Serge Belamant is a technological innovator whose applications and ideas have been extensively adopted in the world of financial services. Belamant was born in 1953 in France, but his family migrated to the Republic South Africa when he was 14 years old. He was admitted to Highlands North High School in Johannesburg. He was a bright student and pursued his academic interests by joining clubs and extra-curriculum activities as an athlete, to distinctive recognition and awards.

In 1972, serge Belamant graduated from high school and went on to study at Witwatersrand University for his undergraduate degree in engineering. He dropped this in favor of Computer Science and Applied Mathematics but later transferred to the University of South Africa (UNISA) to study Information Systems. His credits hours at Witwatersrand University did not get transferred to UNISA, and therefore Serge did not graduate but went into employment. Read his full interview at Inspirery.com

Serge Belamant early career opportunities

As a brilliant young man, he had no trouble finding a job. Matrix was the first company he worked at, a big civil engineering company. He developed an application to analyze dam water levels in South Africa while working at IBM. He went on to develop complex applications for the Council of Scientific and Industrial Research (CSIR). He worked in developmental projects in other companies such as ESKOM (National Grid Systems), DATABANK, Bancorp, and SASWITCH. In 1989, Serge left SASWITCH and later the same year, he founded Net1 Technologies.

Serge Belamant’s blockchain technology

Serge built Net1 Technologies on FTS (Funds transfer Systems) which is one of his earlier innovations. The real break came in 1989 when he VISA contracted him on a project to develop a new application using his two existing ideas FTS and Universal Electronic Payment System (UEPS). Serge Belamant successfully developed for VISA the COPAC (Chip Offline Pre-authorized Card) application that was the result of a successful merging of FTS and UEPS. Net1 Technologies has enjoyed many big breaks and is considered a pioneer in all the financial system applications that are used by major institutions like banks. In 2017 Serge left chairmanship of the Net1 Technologies and went on to start zilch Technology Limited.

Read more: https://news.bitcoin.com/tag/serge-belamant/

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