Everyone agrees that the next frontier in the world of financial transactions is blockchain technology. The technology is still in its nascent stages and can be compared to the internet in the early ’80s. One of the most popular products of the blockchain technology, bitcoin has become commonplace in financial transactions. All that is known about the cryptocurrency is the mystery man behind its invention. There is so much mystery which surrounds the entire technology that not many people realize that it was first conceived in the late ’80s. The man behind the invention of Block Chain technology, Serge Belamant, has come out to protect his IP and has filed patents for more than six of his block-chain related inventions.
Elsewhere, the growth and development in things that can be achieved using blockchain technology continue to increase. The newest of the inventions is the first block chain debit card. The UEPS debit card is used by more than 3 million people already and is expanding rapidly due to its ability to reduce banking and transaction costs. Data encryption is another feature making the debit card to grow in popularity. Customers are now in a position to make safe transactions, and without compromising their information. The card is compatible with the Europay Master card Visa and can be used as a debit card in all the stores and establishments where Europay is accepted.
It is projected that by 2023, more than 80 percent of the banking transactions will be somehow dependent on blockchain technology. It is an indication that the work which has been done by inventors like Serge Belamant is revolutionizing the manner in which payments are made. His move to patent his inventions comes at the perfect time because with time and increased popularity; the systems are going to become extremely hard to trace back to the origin.
About Serge Belamant
Serge Belamant attended the North High School for Boy’s, which is located in Tulle France. He learned how to speak and write English later in life. He attended the University of Witwatersrand and studied computer engineering, which has formed the backdrop for his programming life.
To Know More Click This Link : www.marketscreener.com/business-leaders/Serge-Christian-Pierre-Belamant-05Q75R-E/biography/