Serge Belamant: Inventor Of The First Blockchain Debit Card

Blockchain technology is considered a keystone in cryptocurrency, with its inventor, Serge Belamant, being the master locksmith.

Born in 1953, Serge Belamant, with his family, moved from their native France to South Africa when Belamant was just 14. Learning English upon arrival, young Belamant excelled as both a student and an athlete. Upon graduation, Belamant would go on to study Engineering and Computer Science at Witwatersrand University in Johannesburg. After a failed attempt to transfer previous credits to the University of South Africa, he left college to join the workforce around 1975.

Quickly offered a position with a large civil engineering company, Matrix, Belamant was equipped with both IBM and Cyber computers. Using element analysis software, he was able to develop applications to measure water levels in the dams of South Africa. This discovery allowed engineers to predict droughts or floods and inherently prevent them.

Leaving Matrix as quickly as he joined, Serge Belamant transitioned between a few analyst jobs, ultimately rooting himself as the head of SASWITCH Limited’s IT division. As the entire banking operation of South Africa was being sanctioned for a problematic switching system, Belamant stepped forth with a new invention. His deviation on ATM switches, running on improved processing systems and fault tolerant hardware, swept the nation. This breakthrough creation permitted the connection of all banks throughout South Africa, surging SASWITCH to produce the second largest ATM switch in the world.

Belamant parted ways with SASWITCH in 1989, founding his own company NET1 Technologies, in October of that year. With his own business, Serge Belamant’s analytic star shone. Reimagining technology from the Funds Transfer System application he mastered, Belamant and NET1 Technologies were hired by VISA. The result was an informational goldmine, laying foundation for security and anti-fraud features VISA employs to this day.

In a time when mobile banking and ATM’s are more common than deposit and withdrawal slips, the accuracy and security of encrypted data is demanded. Regarded as the ‘founding father of blockchain technology‘, Serge Belamant is said to have already answered these demands.

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