Chris Holden

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Serge Belamant Helped To Power The Blockchain Of Today

by Chris Holden - June 27th, 2019.
Filed under: COMPANY, Technology.

While you may recognize big names in technology such as Bill Gates, you may not have heard of pioneers such as Serge Belamant. Many give credit to him for being the first person to create an implementation of blockchain technology. People such as Vitalik Buterin and Satoshi Nakamoto may get the credit for being the fathers of cryptocurrency, but without the technology that was introduced by Serge Belamant, it would not be what it is today. Blockchain is the technology behind a lot of the tracking and security features that are in cryptocurrency and it all started with a chip-enabled card. While there may be differing opinions on the subject of who is responsible for the cryptocurrency boom, most people agree that the technology has the potential to change the economy on a global level.

Serge Belamant may not get as much credit as big names such as Jeff Bezos when it comes to their contributions to technology, but that doesn’t mean that he isn’t just as important as someone like Mark Zuckerberg in the grand scheme of things. In essence, blockchain technology is a collection of encrypted ledger records that are all put together. Some of the data that they typically include are time stamps and other information related to transactions. The technology was initially created to help companies that offer financial services become more transparent. In addition, the tech also helped them increase the security and accuracy of the data that was being collected and stored by these organizations.

Serge Belamant holds the patent for a lot of the technology that powers blockchain. The smart cards that he developed with blockchain are able to work whether the microprocessors attached were online or offline. The technology that he was instrumental in creating is still popular and in wide use today. Some of the other uses of blockchain that has been patented for include video game security and identity verification. The financial world needs to be able to identify who is making each transaction and the verification system that was created by Serge Belamant made4 this process much easier, quicker, and secure.

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