Some of the important figures do not get recognized very fast because the work they have done is very technical and that can only be understood by the person who has expertise in the field. Serge Belamant is one of those personalities. Despite the fact, that he has done immense work in the field of blockchain systems and cryptocurrency, he is not recognized by many people.
Serge Belamant is a French born South African, who completed his studies in South Africa. He was a very brilliant student and he got a job in Matrix at the age of 22 while he was still completing his bachelors. He left his studies and decided to step in the practical world he has been preparing for. He also worked in famous companies like BKSH and IBM. He worked on applications that helped us find out the optimal water levels in dams. These applications proved to be effective as they used to warn about the upcoming draught conditions. These applications became the first public-key cryptosystems.
Serge Belamant worked on different projects that helped him gain recognition. Yet, the most important work produced by him was the introduction of blockchain systems. The blockchain systems are a decentralized, distributed and digital ledger that is used to record the transactions. If any change is made in the data on one system, it will update it on all systems increasing transparency. This also proved beneficial because it provided more security to the company and the customer involved in the transaction.
Serge Belamant developed blockchain systems with the help of smart cards. The smart cards contained microprocessors that were applicable online and offline. He had to wait long to hit the breakthrough point. The business of selling the blockchain system was very slow as it had very few customers at that time. He first targeted the banks but the banks are highly risk-averse. The breakthrough happened when Visa hired Serge’s Net1 technologies to build new applications. As the awareness grew Serge gained more popularity and his business grew simultaneously.
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