Serge Belamant is a bold entrepreneur and a pioneer in blockchain technology that he holds patents for. He is the co-founder of several companies such as Zilch Technologies Limited and Net1 UEPS Technologies. Alec Hogg, a renowned financial expert once referred Belamant as the Steve Jobs of South Africa. Belamant’s information technology and architecture expertise have seen him receive numerous awards such as the Analyst of the Year (1980) and System Analyst Award of the Year (1982). Serge Belamant is the inventor of blockchain technology that has a substantial impact on the financial sector. Many financial experts contend that the blockchain technology is the future of the banking and financial sector.
The technology enables financial institutions, governments, and individuals to conduct financial transactions faster and efficiently in a secure environment. About Serge Belamant is a French national born in Tulle France, his family relocated to South Africa when he was 14 years old. In South Africa, Serge Belamant attended the Highlands North High School and Witwatersrand University. At the university, Belamant was unsure of the career to pursue and changed courses thrice. He started with engineering, then computer science and applied mathematics, and finally settled for information systems. Unfortunately, Belamant did not finish college and entered the workforce aged 22. Surprisingly, this did not deter him from becoming a successful technology expert and making himself a name in the financial industry.
Throughout his successful career, Belamant has worked for many companies in different capacities. He worked for Matrix –a civil engineering firm- and Control Data – a company that specializes in computer manufacturing. In 1989, Serge Belamant quit formal employment to venture into entrepreneurship. He started Net1 UEPS Technologies in October 1989 that made history when it created the first blockchain debit cards. Based in Johannesburg, South Africa, Net has operations in Namibia, Botswana, and Mozambique. The blockchain debit card revolutionized banking because it is handy for offline use. It does not require an electrical connection and linkage to a central computer. Therefore, the technology is user-friendly, cost-effective, and timesaving. In 1995, Visa –a financial giant- contracted Net1 to design a new Visa application referred to as COPAC that employs the UEPS technology to allow offline usage.