While the anonymous Satoshi Nakatoma (fake name) is credited with creating blockchain technology, people in the know agree that it was Serge Belamant who developed the technology it is built on. He has filed several patents over the years which cumulatively led to blockchain becoming the tech behind cryptocurrency and possibly other uses such as identity theft protection.
Serge Belamant is French but mostly spent his teenage years in South Africa. He worked for a number of technology and engineering firms before establishing his own company in October 1989, Net1 Universal Technologies. He developed a universal electronic payment system that he offered to financial services firms around the world. Visa eventually hired his company who wanted him to create an application based on this type of technology.
His next big break occurred in 1999. He negotiated with the First National Bank of South Africa and bought their Cash Payment Services tech. Due to his excellent work managing this technology, Serge Belamant was named as a pioneer in the area of getting welfare grants paid in the Republic of South Africa.
He moved to the United States in the early 2000s. He combined two technologies, UEPS and FTS, which he named COPAC. This technology is still in use by VISA in order to prevent fraud and verify PINs. Not long after returning to South Africa, his company went public and is now on the Johannesburg Stock Exchange.
What are some of his early patents that led to blockchain technology? His first patent, filed in 2001, was one that created a system where people could remotely gamble, securely, using his technology. This software kept track of winnings and losings using smart card. It was a security system that could prevent tampering.
Today, Serge Belamant is working at Zilch Technologies Limited, a company he founded along with his son, Philip, in 2017. His company is in the digital advertising space. His company funds its client’s ads so that they can use their cash to grow their company. He is now living in Belgravia, London.
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