The patent holder of blockchain technologies is Serge Belamant. In the financial sector, Serge Belamant’s applications, and software development are instrumental. First founded blockchain technology by Serge Belamant, and he is credited for that achievement. The purpose of his technology is to support cryptocurrency. Bitcoin is the name of one of those currencies. Smart cards with a micro-controller is what he used to distributed independent transaction ledger.
Serge Belamant’s technology allows a safe environment for transactions to be made. These transactions include withdraw payments from banks for top private investors. His invention makes this process faster for the individuals faster. The best way to describe his Blockchain invention is saying exactly what it is. Which is, cryptography linked together with a list of records. Transaction data and a cryptographic timestamp can be found within these list, or ledger of records.
The purpose of Serge Belamant’s Blockchain technology is to help customers, and the financial services sector. The Blockchain invention does this by increasing transparency, accuracy of data and security of institutions. Smart cards containing microprocessors that can function on, or off-line is what allowed Serge Belamant to develop his Blockchain technology.
A little background information about Serge Belamant. In 1953, he was born in Tulle, France. He learned to read and write English during his time moving to South Africa with his family. He was 14 years old when he moved. His father was a skilled work, and his profession was a tiler. Serge Belamant was an enlighten young man that attend the Highlands North High School for Boys in Johannesburg. This was during the time after he mastered another language.
During his time in high school Serge would become exemplary at many activities such as ruby, chess, and his studies. As he progressed he achieved many reward during his time as a student. During 1970, Serge was a member of science and bridge clubs. In this time he achieved the title of house captain. In 1972, he went on to represent the Southern Transvaal in chess at the South African Chess School Championships. Serge was able to finish in 6th place.