Serge Belamant The Blockchain Originator

Serge Belamant is an English businessman and engineer who created the first incarnation of a blockchain in 1989. He was born in 1953 in Tulle, France. Serge Belamant attended Witwatersrand University where he studied engineering, computer science, and mathematics. After two years at the University Serge quit school and took courses in information systems through UNISA. Serge Belamant is currently the co-founder of Zilch Technology Limited. He was also the chairman and CEO at Net1 UEPS Technologies Inc until May 2017. Mr. Belamants blockchain technologies has open doors for other cryptocurrencies and it has allowed banks, government, and the civilian population to conduct fast and safe money transactions. Serge Belamant developed this blockchain technology by using smart cards and these smart cards were able to function on or offline.

Throughout his working career Mr. Belamant has made improvements in other sectors of technology such as statistical methods and digital mapping. Mr. Belamant and Net1 Technologies was commissioned by Visa in 1995 to create the COPAC card. This is a secure feature that Visa uses against fraud, misuse of credit, and verifying personal identification number. Visa still currently uses this technology until this day. In 1999 Mr. Belamant and Net1 Technologies purchased a pay system called CPS from a South African bank. This pay system was responsible for paying out welfare grants to South Africans. He modernized this system by implementing the UEPS which supplied security, speed, and interoperability to the CPS system. Mr. Belamant used this same the UEPS technology to invent the first electric purse that could also be used on or offline. In 2012 Mr. Belamant and Net1 Technologies received a contract from the Social Security Administration of South Africa and this inspired him to create several new technologies.

These technologies were morphining, a variable pin, and the construction of a 1:N Biometric Comparison Engine. Morphing was very unique because it allowed smart cards to function with UEPS at atms. The Variable pin was just a new verification process at older atms. The 1:N Biometric Comparison Engine allows for millions of fingerprint verifications to be processed all at the same time. As of 1998 Serge Belamant has filed for 6 patents. In 2001 he was granted a patent for Method and Apparatus for Controlling a Gaming Operation. In 2014 he was granted a patent for Verification of a Transactors Identity. He also currently has three patents pending. Mr. Belamant mastered how to fuse technology with the financial industry and created many financial security features. Mr. Belamant is a living example of how hard work and his invention creativity pays off.

Jason Hope Of Scottsdale, AZ

Entrepreneur and self described futurist Jason Hope gave his thoughts on what would come from technology in the next few years and how he thinks the world will be affected by it, “The future isn’t coming, The Internet of Things is already here. We’re no longer just accessing the Internet with our smartphones. Devices are now communicating with the manufacturer, consumer and/or other connected devices. This is opening up new and exciting possibilities in health care, retail and more.”

Mr. Hope’s statements are not without their merit. Many believe that within the next five years or so, it is a very really possibility to say that if a device is not embedded with electronics, software, sensors or some kind of connectivity then it will be considered to be outdated. It will be the modern equivalent of what a VCR cassette player or a chorded phone is in 2015, a thing of the past.

According to some, this year is the year that the mobile payment industry will start to become a far more mainstream industry. Recent figures show Apple AAPL -0.18% in the market and Google is looking to be making strides within the field, the industry looks to be in store for continued innovation within the field. Physical credit cards and cash are still how most people go about paying for things, but they are steadily losing their popularity. The reason for this is there are much simpler and more efficient options available for people. Healthcare has probably the most IoT potential. A $117 billion market is projected for the IoT in healthcare by 2020.

It is a thrilling time for the tech world indeed. Internet of Things pioneering is occurring quite quickly. However, there is a threat of all of that innovation being put to a halt or significantly slowed down if net neutrality is not addressed and made a high priority. Jason Hope had his words on this as well, “U.S. technology is driven by start-ups. It’s a bottom up industry that requires that access to tools be made as widely available as possible.”