Over the past few years, blockchain technology has been catapulted into the spotlight as one of the most promising ways to keep information safe. To put it simply, blockchain is a process involving multiple different variables being consistently changed to make data less vulnerable. Think of it like putting multiple different locks on a box that have rapidly changing combinations. Because the various layers are complicated on their own, their juxtaposition makes it near impossible to access the data unless you are the owner.
As the man behind this innovative technology, Serge Belamant has shown over the years that not only is blockchain an incredibly useful technology for businesses to utilize, but it can also be helpful for consumers. This is why Serge Belamant is destined to become a household name, as blockchain technology is currently innovating the financial world in unprecedented ways.
It’s important to note that blockchain would not have been possible without Serge Belamant’s previous work in digital security. For example, his innovation helped create what could be referred to as the world’s first blockchain debit card, otherwise referred to as the Chip Offline Pre-authorized Card (COPAC). Developed for Visa by Serge Belamant’s firm Net1 Technologies, COPAC would provide a way for consumers to safely use their card without leaving their data vulnerable. By creating multiple different layers of security, Serge Belamant could ensure that the debit card data could not be stolen from potential threats (i.e. people hacking into ATMs to access card information).
Since this breakthrough concept, the idea of blockchain has only become more well-known. In fact, the uses for the unique technology are even extending beyond the digital world, even having some incredible real-life applications. For example, blockchain is now being used to develop certain physical locks for houses, helping prevent robbery and other forms of security breach.
Though more and more companies are beginning to use blockchain technology, Serge Belamant has done anything but take a backseat. By starting new company with his son in 2017 (Zilch Technology Limited), Belamant has continued to search for new solutions and applications for blockchain in order to make the world a safer place.
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