Serge Belamant who is the patent holder for blockchain technologies has several other inventions. His inventions are of great use to the financial sector. He was the first to implement the blockchain technologies. It was from his blockchain technology that numerous cryptocurrencies came to be. Through the technology banks, private individuals and governments can process deposits, withdrawals, and investments faster. Furthermore, individuals can make payment in a secure environment. Belamant uses smart cards in developing the blockchain applications. The smart cards had microprocessors that could be used offline or online. Serge Belamant founded Zilch technology limited where he focuses on his inventions. Belamant has developed numerous techniques which have led him to file for patents. Through the patents, he can protect his creative designs. He has registered six patents since 1998.
Verification of a transactor’s identity
It is one of the inventions whose patent has been granted. The patent for his amazing invention was filed in 2007, and by 2014, the patent had been granted. It was assigned to Net 1 UEPS Technologies Inc. In this invention, Serge Belamant created a system that facilitates transactions between a transactee and a transactor. The verifying and identity facility has a storage which is used in storing the identifiers transactor and their details.
Method and apparatus for controlling a gaming operation
His first patent was for the method and apparatus for controlling a gaming operation was filed in 1999 and granted in 2001. The invention is for controlling the gaming operation. It has a memory apparatus and secure processing with a smart card. The smart card has a memory that stores software which controls the game operation and data. Therefore, the system ensures that gaming can be done in hotel rooms and even non-secure locations. No matter where the gaming takes place, the betting and allocation of winning will be secure.
Secure financial transactions
According to Serge Belamant filed the patent for this invention in 2007 but is still pending approval. The invention has a primary account number of a debit or credit account with a financial institution which is simulated. The primary account number has an amount that is debited form an account.
Sources of the article : https://www.businesslive.co.za/bd/companies/financial-services/2017-05-25-serge-belamant-to-take-early-retirement/
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