Serge Belamant is the inventor of blockchain technology. While not many may know who he is, his contribution to the financial sector can be felt by those who operate in the sector. He has been instrumental in upgrading the financial sector to what it is today through blockchain technology. This technology is linked and encrypted ledger of records. Some of the information contained in an individual accounting includes transaction details and time stamps. With this technology, financial institutions can increase transparency, data accuracy, and security for both firms and clients.
Need for Change
The reason why there was a need for change in the financial sector is that the systems previously used had become old and inefficient. Thanks to blockchain technology, it’s so easy to transfer money internationally these days. This isone of the benefits of the technology that Serge Belamant invented. Labour-intensive business and those with sophisticated supply chains are also very likely to benefit from smart contracts and blockchain.
Why Serge Is Important
Being the inventor of blockchain technologies has made Serge Belamant a force to reckon with. By using smart cards, Serge’s invention has been able to come up with sophisticated but easy-to-apply applications in the financial and banking sector.
About Serge Belamant
Serge Belamant is an tech investor born in France, and grew up in South Africa. His journey to fame is not like that of most other successful people in the world. However, he was a very bright student in school. Because of his exemplary performance in academics, he received the award, Victor Ludorum, at his school in 1971.
After high school, he joined Witwatersrand University to do an engineering course, which he did for just one year. During his second year of study, he dropped engineering and started doing a computer science course as well as applied mathematics. After his second year of study at the university, he decided to change schools and went to UNISA to do information systems. Serge did not finish his degree, but the effects of his brilliant ideas in business have been felt and will be felt for many years to come.