Cryptocurrency, although not new, is in 2019 becoming a topic the public at large is only now becoming truly aware of. The technology behind Bitcoin and Ethereum was developed and patented by Serge Belamant, an entrepreneur and French computer scientist. Blockchain technology was developed to create a more secure financial transaction environment as well as allow more transparency into certain business practices. It is updating old and outdated modalities in the financial sector. Although Serge Belamant is mostly an unknown, in time he should become as common a name as Bezos or Zuckerberg.
Here are some of his most notable patents toward the creation of Blockchain technology:
• May 2001 – Method and Apparatus for Controlling a Gaming Operation
Patent number: 6234898
• April 2010 – Secure Financial Transactions
Publication number: 20100088227
• May 2012 – Verification of a Transactor’s Identity
Publication number: 20120123879
• June 2012 – Designation of Electronic Financial Transactions (DEFT)
Publication number: 20120143757
• March 2014 – Financial Transactions with a Varying Pin
Publication number: 20140074725
As local banks were slow to adopt and implement this tech, he was able to complete the project after moving to the United States. Serge Belamant had many exciting breakthroughs in his career which led him further along the path to the full development of Blockchain. Net1 Technologies was founded in 1989 through his Funds Transfer System (FTS) providing secure payment transactions and processing. In 2005, the company was listed on the NASDAQ publicly as he became CEO and Chairman. His technology is used by countries and governments throughout the global economy.
Without his amazing IT development products and smart card work in the 80’s, the current financial abilities we have today would not have been possible. Serge Belamant left Net1 in 2017 and is now working in London at Zilch Technology Limited which he created in 2018. He is considered to be a founding father of cryptocurrency and of modern chip card transaction tech. The IT industry was revolutionized through his vision for a safer and more secure financial economy.
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