Serge Belamant Patent Holder Of Bank Operations And Bank Cards

November 30, 2018 @ 3:57 pm

Serge Belamant was born in 1953 in Tulle, France. When he was 14, Belamant and his family moved to South Africa where his father ran a tiler business. Belamant was immediately enrolled in Highland North School for boys. Serge Belamant learned how to read and write in the English language. Serge Belamant took advantage of extracurricular activities such as Rugby and chess.

In 1972, Belamant graduated from Highland North High School and was accepted into Witwatersrand University as an engineering major. Eventually, Belamant changed his major to computer science and applied mathematics. Belamant dropped out of Witwatersrand University, two years later, and enrolled in UNISA.

In the 1980s, Belamant developed computer technology for Saswitch. The system was linked up to ATM’s all over South Africa. By 1989, Belamant’s version of the smart card technology was patented. The inventor struggled in the 1990s to try to convince banks and credit cards to use his smart cards. The banks and credit card companies turned him down because they had their own credit card system they were happy with. Belamant found success with the Visa Credit Card company. Serge Belamant held positions like director and chairman in several technology companies. This past summer, Belamante founded Zilch Technology Limited.

Today, Serge Belamant is known as the inventor of the first blockchain debit card. The blockchain debit card was invented in 2016. UEPS is the only company to put out blockchain debit cards. Some financial experts believe that blockchain debit cards can revolutionize the banking industry. Visa is testing out the blockchain debit cards for interbank lending. Blockchain is compatible with Visa’s ecosystem. Visa’s investors should be expecting the credit card company to pursue more experimenting with this new kind of debit card. Visa is allowing many European banks a chance to try the blockchain debit card.

Serge Christian Pierre Belamante registered for patents for many of his other inventions. Belamante is responsible for the bank use of verification of transactor’s identity, financial transactions using various pins, and an apparatus that can control a gaming operation.

To Learn More Click This Link :

Leave a Reply

Your email address will not be published. Required fields are marked *