Serge Belamant


Serge Belamant was born in 1953, in Tulle, France, and at 14 his family emigrated to South Africa. Serge Belamant graduated high school in 1972. He then attended the University of Witwatersand, Johannesburg, studying civil engineering at first but then later switching to computer science and applied mathematics. Then at the University of Africa, Serge Belamant started studying information systems but Belamant never finished his degree since he began to work at age 22, starting to work with finite element analysis software on IBM computers, later on, Cyber computers. He was working on optimal water levels in dams that would prevent future droughts. However, he decided to change jobs.

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He then worked on developing computer models for various projects at the Council for Scientific and Industrial Research (CSIR). His skills got him paid attention to when he was put in charge of the Pretoria Witwatersrand and Vereeniging road- planning project. Serge Belamant worked at Control Data as a head analyst for ESKOM division, while working on national grid systems, as he developed a scientifically based financial system. He also was working for a company called DATABANK working with control data equipment, because he was credited with developing the VIB network, later purchased by a company called Volkskas.

At Bancorp, he created a 10-step program analyzing risk and ability to sustain a business. While at SASWITCH, and becoming head of the IT division, Belamant helped change communication protocols for banks. In 1989, Belamant left SASWITCH in order to found NET1 Technologies in October 1989, listed on the Johannesburg Stock Exchange (JSE). NET1 Technologies provided services in other countries such as Russia, Ghana, Iraq, and Botswana, and had also served Burundi and Namibia. The name of Belamant and blockchain technology, are synonymous with each other, as blockchain was developed by Belamant. Blockchains are about digital value, while a company such as Bitcoin is $112 billion US dollars. A blockchain is basically digital value because it can be accessed by a network of computers. This is Internet-based money that is just as real as normal currency. Many fortunes can be built off of blockchain technology. Read more on prabook.com



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