Serge Belamant and Blockchain Technology

Serge Belamant is the Founder of UEPS Net 1 technologies and Zilch Technologies. UEPS is the creator of the Blockchain Debit Card. The UESP technology is one of a kind. The use of the Blockchain Debit Card is creating low-cost banking, to a level never experienced before.UEPS Net 1 Technologies created a smart card with the blockchain technology. One of the ways you can use the smart card is as a debit card. It is EMV (Europay MasterCard Visa) compatible, meaning you can transact with it at ‘EMV accepted’ outlets. Serge Belamant innovation uses distributed ledgers working offline/ online without communicating with a centralised computer.

The Serge Belamant UEPS Smart Card CAN create an audit record, confirm, decrypt, encrypt, and authorise transactions. This blockchain smart card does not need a POS (Point of Sale Device) or a connected electricity source to operate. It thus can become an entire bank account without any banking infrastructure.If offline, you can use a POS device to record transactions between smart cards. You can use the POS device to store all information about debit transactions on the smart cards. When either smart card transacts with a POS device or a centralised ATM, updating/ confirmation of all offline goings-on occurs on the centralised system. UEPS then stores transactional information in a mainframe computer that acts as a central database.

After creating his business inventions, Serge Belamant filed for patents to protect them. Some patents are pending, while USPTO (the United States Patent and Trademark Office) has granted the rest. They include:

  • Verification of a transactor’s identity- A system facilitating financial transactions between transactee and transactor.
  • A Financial transaction with an inconstant pin – An invention that includes a facilitating device for financial transactions taking place at a POS, an ATM, or via the internet. It also provides facilitation for PIN generation in response to the correct biometric identification when login into an account (financial).
  • Designation of Electronic Financial Transactions- An electronic financial system with an identifier designation/ response means.

About Serge Belamant, he was born in France (1953). His family later moved to South Africa where he attended school at Highlands North High School. While there he learned English and excelled in chess plus rugby. He then went to Witwatersrand University to study engineering, but later switched to applied mathematics and computer science.

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