Frenchman Serge Belamant is known for creating blockchain technology. Belamant moved to South Africa when he was 14 years old. He attended Witwatersrand University, where Belamant studied engineering, applied mathematics, and computer science. He also excelled at multiple sports, including rugby and chess.
Serge Belamant’s Career
Serge Belamant started career working at Matrix, an engineering firm. Belamant worked on small computers using element analysis software. Belamant learned about linear and non-linear programming while training in Washington DC. Belamant also learned about the COBRA system so that he could assist the RSA military. Belamant also worked for Bancorp and DATABANK before joining SASWITCH. Serge Belamant helped SASWITCH become the 2nd biggest ATM switch in the World.
After Belamant developed the new SASWITCH system, he helped design the first RSA POS system. Eventually, Belamant left SASWITCH and started his company, known as Net1. Net1 reached a collaboration with Visa to open a new application known as COPAC. Net1 also worked with CPS to modernize the payment of grants.
Serge Belamant’s Patents
Verification Of A Transactor’s Identity
Belamant says that the system helps facilitate financial transactions through verifying the transactor and the account that the transactor has. The system analyzes the financial institution that the account is under. The system has an identifier input so that the transactor can type in the identifier before using the service.
Designation Of Electronic Financial Transaction
Serge Belamant says that the electronic financial transaction system has an identifier designation which determines the identifier that the prospective transactor is working with. The system will create a response based on the designation of the identifier. The designation will either be normal or duress. If the designation is normal, the transactor is allowed a regular suite of transactions. If the designation is duress, then none of the transactions will be permitted. The transactor will also have their account frozen.
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