Category Archives: Technology

Serge Belamant And Net1 UESP Technologies Created Blockchain’s First Usable Debit Card

1989 was one of the more interesting years for Blockchain prior to the 21st century. The primary reason for this is that the industry saw its first ever debit card using the technology. The wondrous entrepreneur responsible for this development is named Serge Belamant, and his unique early incarnation of this type of technology was of great importance. He still holds the patent on it, and it was his company, Net1 Technologies, with which he launched the groundbreaking card. This card was the first of its unique kind, and it was able to be utilized by users as far more than a normal debit card. For this reason, it was affectionately labeled the “smart card.”

It wasn’t just France, but also South Africa which took turns as the locales for Serge Belamant’s upbringing. English was always a strength for him as a High School student, and so were both chess and rugby. In 1972 it was then time for Witwatersrand University to educate him further. Engineering was his first major, but he eventually realized that he was better suited to Computer Science. Still, he opted to terminate his formal education before earning a degree, and UNISA was his alternative; there, he learned more regarding information systems. This decision turned out to be profitable for him, and it certainly did not hinder the ability of Serge Belamant to experience business and technology success.

Zilch Technology Limited is Serge the most recent pursuit of Serge Belamant, and he founded this entity in the summer of 2018. A previous and more successful company that he affiliated with is Net1 UEPS Technologies. Mr. Belamanat was the chief executive officer of this organization for quite some time, and during his time there he is credited with the 1989 smart card invention, which was a big step for Blockchain, as it proved that a usable debit card was possible with its core in Blockchain technologies. With all of his past industry exploits and very brilliant business mind, there is no doubt in the minds of most that Mr. Serge Belamant will be remembered well for his Blockchain contributions.

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Serge Belamant Continues To Invent New Technology

Serge Belamant was born in Tulle, France, in 1953. He moved with his family to South Africa when he was fourteen. He attended high school in Johannesburg where he enjoyed rugby, chess, and his school work. He graduated high school on an exemption pass and attended Whitwatersrand University. His first major was engineering. Later, he changed his major to computer science and applied mathematics. In his third year he transferred to The University of South Africa to study information systems. Having not finished his degree, he left to join the work force at age twenty-two.

His first job was at Matrix, where he created software applications to analyze water levels to find the optimal level for dams. He was later put in charge of road planning projects. He later started working at Control Data where he became a head analyst. Continuing on his road to success, he became a consultant at Bancorp where he worked on risk management and assessment. Serge Belamant left Bancorp to join SASWITCH, a company owned by the RSA banks. While at SASWITCH he created a National ATM switch that solved performance problems.

In 1989 Serge Belamant left SASWITCH to start Net1 Technologies. His first success was the Funds Transfer System. VISA hired Net1 to create an application using his Funds Transfer System and Universal Electronic Payment System. He moved to the United States to accomplish this task. The end result of this was the Chip Offline Pre-Authorized Card, where he successfully merged two technologies together.

In 2005 Net1 was listed as a public company on the United States stock market, and Serge Belamant was listed as the Chairman and Chief Executive Officer. Serge Belamant holds several patents for his technology and has received numerous honorary degrees. He has since left Net1 and started Zilch Technology Limited. He continues to invent more blockchain technology and develop software for the banking sector.

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Serge Belamant: Founder of Zilch Technology Limited

Born in France in 1953, Serge Belamant has accomplished many events and goals throughout his lifetime so far and has many more to come. In his early life Serge moved from France all the way to South Africa with his family and father. Belament had to learn how to write and speak English fluently when landing in Africa. He shined in such sports like rugby and was an advanced complex chess player. His actions became almost perfect in 1972 when he was awarded full colors in rugby, athletics, chess, and academics. Serge Belamant attended Witwatersrand University and there he studied engineering but later would change his field of studies to computer science and Applied Mathematics. Unfortunately, Serge did not finish his schooling as he would be required to repeat subjects that he had already passed before.

Early in his career he joined an engineering company called Matrix, which worked on little to medium-sized IBM computers at the time using top of the line element analysis software. Moving along, Belament obtained an occupation at Control Data. Control Data is a supercomputer manufacturer company to join and assist the application support force named Cybernet. He was granted the analyst of the year in 1980.

A couple years later, Serge Would find himself winning yet again another analyst of the year award in 1982. After that, he moved occupations to a company called Databank to invent the first scientifically pursued financial process in use of Control Data equipment. Moving on, Belamant joined SASWITCH to pursue the IT Division and Developed an implemented national ATM panel in RSA links to every RSA Bank using Stratus software or computers. SASWITCH became the second most immense ATM switch on planet earth after these events.

1989 is the year that Serge Belamant finally completed the development and software for the newly presented SASWITCH system. Shortly after that, Serge decided to resign from SASWITCH and start his own company that was named Net1. Net1 was founded in October 1989. In 1995, Visa and Net1 came to an agreement for Serge Belamant to Develop a up to date visa interface named COPAC (Chip Offline Authorized Card). Net1 mostly grew outside of the United States such as in Africa and signed contracts and deals in Namibia, Botswana, Russia, Iraq, and much more. Net1 capitalism at times and in its prime reached more than the two billion USD threshold.

Contact Serge Belamant: patents.justia.com/inventor/serge-christian-pierre-belamant