In the past few years, cryptocurrencies like Bitcoin have become common and well recognised names. Instead of being on the fringe of online and technology communities, it was a word that was recognised by nearly anyone. One of the reasons that Bitcoin even came to be, however, is because of the work of Serge Belamant. Serge Belamant is the creator of blockchain, which is basically the driving force and most important part of Bitcoin and Bitcoin transactions.
Blockchain was originally invented for use in the financial sector to increase security when transactions began happening online rather than through wires or other, safer methods. Blockchain was basically a bundle of data that was a transaction record of every time a sum of money changed hands. This can increase efficiency and safety of money transfers. While it wasn’t specifically invented for Bitcoin, blockchain is an irrefutable cornerstone of it. Serge Belamant holds all the patents for these blockchain related processes and technologies, so the Bitcoin boom has obviously made incredibly successful.
Serge Belamant was not born into wealth and success, however, as he was born in France and moved to South Africa as a young boy – having to learn to speak English. Despite this setback, he quickly became a top student and graduated high school with awards in academics and sports. He was also successful at university, however, he dropped out before finishing his degree. He chose to enter the technology industry early and since he had the proven expertise in the field, it wasn’t a problem.
Belamant had an incredibly hard time, at first, convincing banks to use blockchain. It is unsurprising as banks are slow to change due to security risks. Once Serge’s company was hired by Visa though, the change had been made and blockchain became more successful. Following this success and many others, Serge now works at Zilch Technologies, which he created with his son. At this tech company, cryptocurrencies are further evaluated and made safer. These improvements often also transfer over to the more traditional finance and banking sectors: creating a truly beneficial relationship for all.
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