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.