The Blockchain Technology by Serge Belamant.

December 24, 2018
By Rel

A brief background on Serge Belamant

Serge Belamant was born in 1953 in Tulle, France. At the age of 14, he moved to South Africa where he continued his education. He had to learn to speak and write English to join the South African education system. Belamant was a very outgoing student and in the in time, he became an excellent rugby and chess player at Highlands North High. In 1970, Belamant became the science and bridge club president. Serge was awarded the Victor Ludorum award for maintaining excellence in his studies in 1971. He joined the Witwatersrand University in 1972, where he studied engineering before he switched to computer science and the applied mathematics. Unfortunately, Serge Belamant never got to finish his studies. He discontinued his course in computer science and applied mathematics when he joined the UNISA where he took up courses in information systems. He started his working career at the age of 22.

The Blockchains Technology

Blockchains is simply defined as a list of computer records that are held together by or through cryptography. When he was very instrumental in the invention of the blockchain technology. His initial purpose for intention was to assist the financial systems to increase their transparency, the accuracy of their records and the security of the company’s as well as their customers’ information. Blockchain achieves these fundamental functionalities through the inclusion of cryptographic timestamps and transaction data on individual ledgers. Serge implement the blockchain technology and applications through the use of smart cards. These smartcards contained a mic egg processor that could operate when the card was online and offline.

The Adoption of Blockchains

Serge founded Net 1 company 27 years ago. Net 1 is a Johannesburg based company that he used to develop the blockchain technology. Like any other technology, the company spent most of its first years trying to convince banks to implement the blockchain technology in their system. The breakthrough came in 1995 when visa hired the Net 1’s technology. During the implementation of the technology, Serge Belamant incorporated two of his creative inventions, the FTP and the COPAC (chip offline pre-authorized card), successfully implanting the first blockchain.