Blockchain is quickly changing the world, but many people don’t realize that the technology behind it was actually created decades ago. The person credited for the first implementation of blockchain is Serge Belamant as part of his Universal Electronic Payment System. Many people call him the Bill Gates of South Africa because of his important contributions to the world of technology. He is one of the founding patent holders of the technology behind blockchain and is a native of Tulle, France. When he was a teenager, his family decided to move to South Africa where he studied Computer Science at Witwatersrand University.
Serge Belamant has worked with many different companies and has had a considerable impact on how financial banking systems work today. The advancements that he spearheaded made such a change in how digital banking worked that VISA partnered with him in 1995 in order to create the chip that is used in most of our card transactions even to this day. Another big development from Serge Belamant was the Universal Electronic Payment System which was first used in 1999 to distribute welfare grants to the various people in need all around the country of South Africa. Because of this, people were able to receive payments quicker and more efficiently. The system was later used in countries such as Iraq and Russia and is still in use to this day.
One of the most recent business endeavors that Serge Belamant has participated in is the co-founding of Zilch Technologies which is based in the United Kingdom. The idea for Zilch came from the son of Serge Belamant, Phillip. His son is also involved in the computer industry as an IT engineer. He earned a degree in Computer Science and graduated with Honour’s from his university. Despite being partially retired, he still keeps busy with his business tasks. Today, he helps the businesses that he is involved with in a mostly advisory role. This includes pointing out problems that could potentially arise and how to avoid or overcome these. In addition, he is currently writing a book when he is not busy with his other responsibilities. Serge Belamant and the Birth of Blockchain Technology