Joe Fagan

Former Soccer Star, Now Soccer Fan

July 18, 2019

Serge Belamant Disruptive Tech

Without Serge Belamant and his innovation and creation of disruptive technologies, the world of cryptocurrency would not exist. Born in France and growing up in South Africa, he excelled in school and received high honors amidst graduation. He went on to study at Witwatersrand University where he first became interested in disruptive technology while studying engineering and computer science. He dropped out of university but that hasn’t stopped him from creating technology that has changed peoples lives.

Serge Belamant first invented disruptive technology while working as a code debugger on scientific packages that included structural engineering. Eventually he left Control Data and began working for SASWITCH where he devised a new switch system for RSA banks based o Stratus computers, fault tolerant hardware and a parallel processing system. All of this amid the crumbling apartheid system in South Africa at the time. One of the more notable achievements of Serge Belamant’s early days in disruptive tech was when he invented a technology that allowed RSA banks to communicate with each other’s ATMs.

In 1989 Serge Belamant left SASWITCH and started his own company, Net1 Technologies. There, he relied on his patented funds transfer technology and eventually went on to invent the Universal Electronic Payment System. 1995 saw the largest expansion for Serge Belamant up until that point as Visa hired Net1 Technologies to create a more secure feature for their cards. Belamant integrated his previous two inventions funds transfer system and UEPS into a new disruptive technology called Chip Offline Pre-authorization card. The chip technology has helped people in a positive way as it has prevented fraud and made it harder for criminals to gain access to cardholder’s financial information.

After the chip technology, the next invention from Serge Belamant was morphing and Europay. The invention and advancement of morphing led to the first blockchain applications used today in a variety of functions including cryptocurrency. It is with all of this advancement from Belamant that banks and customers have seen safety and overall quality of transparent transactions rise.

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