As the popularity of blockchain technologies continues to skyrocket, it is essential to take a walk down memory lane to where it all began. Today’s popular blockchain can be attributed to Serge Belamant who holds the patent for the first form of blockchain technology through NET1.
About UEPS’s NET1 Technology and what makes it stand out
Through his company, Serge Belamant came up with the first form of blockchain on a smart card, which also doubles up as a debit card. For instance, it is compatible with Europay MasterCard Visa.
What makes the NET1 smart card stand out from the other debit cards is the fact that it can work offline, without necessarily connecting to a centralized computer. All the transactions done offline are recorded and updated into the distributed ledger later on, when the card is connected to a centralized ATM. That means that even when a user is in a remote area, they can still carry out transactions as it does not require a centralized point of sale device. All that it needs in such areas is an offline point of sale device that operates on battery.
Who is Serge Belamant?
Serge Belamant is the father of blockchain technology. He created the first form ever in 1989 and even holds a patent for it. Serge Belamant was born in 1953 in France but moved to South Africa with his family at 14 years.
Even during his early years, Serge still exhibited signs of excelling in the future. For instance, while at Highlands North High School he excelled in academics as well as sports and represented his school various times. This saw him get assigned different leadership roles such as head prefect and house captain. After graduating high school, he secured a place at Witwatersrand University where he pursued engineering for the first year. He later shifted his focus to computer science and applied mathematics.
He, however, dropped from school during his third year and applied for an information systems course at UNISA. Mr. Belamant did not complete his degree as it would mean repeating the same things he learned at UNISA. Today he is the founder of Zilch technology limited and holds patents to multiple innovations in the area of tech.
To know more visit @: angel.co/serge-belamant