Serge Belamant was born in 1953 in Tulle, France, and moved to South Africa later on when he was 14 years old. Serge Belamant attended Highlands, North High School and then Witwatersrand University, where he studied engineering, but switched courses in order to study computer science as well as applied mathematics. Throughout his career, he worked for Control Data, DATABANK, Bancorp, and later on founded Net1.
Serge Belamant also holds a number of patents (some pending and some granted) for various inventions. Serge Belamant is also he creator of a system designed to execute a financial transaction using a varying PIN, and a system which offer secure financial transactions, and a system of designation of electronic financial transactions.
One of his early patents was filed in 1998, for a method and apparatus designed for controlling a gaming operation. The system comprises a processing memory apparatus taking the form of a smart card, combined with non-secure input as well as display means which are connectable to the smart card.
The smart card stores in its memory the software controlling the operation of the game as well as the data which relates to the gains and losses of the player. The input signals which are generated by the player get processed within the processor which is secure, while all the operations which are influencing the game’s outcome get carried out within the processor in order for the system to not be susceptible to tampering. The system is allowing gaming to take place in non-secure locations, with secure allocation of winnings.
Another important grant that Serge Belamant filed back in 2007, is for a system designed for facilitating a financial transaction between a transactor and a transactee, which has an account and identity verifying facility designed to verify the identity of the transactor, and the account that they have with a financial institution. The facility is designed to identify and verify the account is being operated by an independent verifier, and it also able to store the identifier of a transactor as well as details of (minimum) one account that the transactor has at the financial institution.
About Serge Belamant: bhekisisa.org/tag/serge-belamant