Serge Christian Pierre Belamant was born in the year 1953 in France. His father, a skilled tiler, migrated to South Africa together with his family at the age of 14 years. It was at this time when Serge Belamant learned reading and writing in English. He later joined Highlands North High school in South Africa’s capital, Johannesburg. He displayed brilliance throughout his school time and took part in various activities like rugby and athletics.
Later, Serge Belamant graduated and joined Witwatersrand University in order to pursue engineering. Although he changed his course to computer science with applied mathematics during his second year of study. He later moved to the University of South Africa to pursue information systems. He made a decision to join workforce at the age of 22. He was employed at a civil engineering company called Matrix. As he was working on software analysis on IBM computers and Cyber computers, he developed applications that analyzed levels of water in dams in South Africa.
Serge Belamant became the best analyst of the year in 1980. He was then appointed to fix performance problems in banks and he invented a new national ATM switch, which operated on fault resistant hardware and parallel processing system. He applied innovative techniques in developing a new switch for SASWITCH which enabled connection of all South African banks.
Serge Belamant founded the technology of blockchain. He is an innovative software and applications developer. His invention have fostered the financial sector. He got credited when he, for the first time, invented the blockchain technologies which formed the basis of creating massive cryptocurrencies. His achievements were spanned by the use of smart cards with a microcontroller that was able to create a distributed and independent transactional ledger. His technology enabled financial institutions, governments and people to securely and quickly process activities such as investments, deposits, withdrawals and payments.
Blockchain can be defined as a ledger of records linked with cryptography. Originally, blockchain technology was used to increase transparency, data accuracy and security of institutions and customers in financial services. He developed blockchain applications via the use of smart cards. The microprocessors in the smart cards functioned both online and offline.