Serge Christian Pierre Belamant is the brains behind the incredible blockchain technology which has revolutionized the financial markets and formed a basis for the creation of cryptocurrencies. His technique allows banks, governments, and individuals to transfer money with sophisticated security today.
Serge Belamant was born in French but relocated to South Africa where he received his education. In high school, Mr. Belamant excelled both in and out of class. His excellence saw him achieve a top honor and an exemption to join a university. Serge Belamant started as an engineering student at the University of the Witwatersrand, Johannesburg but later moved to computer science and applied mathematics in his second year. In his third year of studies, he transferred to the University of South Africa where he enrolled for information systems but dropped out.
At the young age of 22, Serge Belamant secured a job with Matrix, a civil engineering company. He worked in Control Data, specifically Cybernet where he fulfilled his passion for creating a secure, traceable yet unchangeable transaction on interconnected computers. His efforts led to the first creation of blockchain technologies.
During his work experience at CSIR (Centre for Scientific and Industrial Research), he discovered that he could merge non-linear and linear programming to create powerful applications that business can use. He worked with Bancorp as a consultant and created a program which could analyze risk and test the sustainability of a business.
His most significant breakthrough was during his time with SASWITCH. At the time, the Republic of South Africa (RSA) banking institutions received sanctions after their ATM infrastructure was no longer available for upgrade. Belamant developed a new ATM switch, which became the second largest ATM switch in the world and allowed RSA banking institutions to stay in business.
In 1989, Serge Belamant founded his own company, Net1 Technologies. The company ran on his Fund Transfer System (FTS) which he had patented. He later went on to invent the Universal Electronic Payment System (UEPS). In 1995, Visa hired Belamant and his company to develop a security feature for their cards. The result was the integration of Belamant’s technologies into Visa cards to prevent the misuse of credit, fraud, and allow the verification of a person. Belamant is also responsible for creating the Europay, Mastercard, Visa (EMV) technology through morphing, which leads to the first block chain applications used today.