The Compute Life of Serge Belamant

Serge Belamant was born in France in 1953, moving to South Africa with his family when he was 14. There he attended the Highlands North High School for Boys. After graduating high school he began studying engineering at Witwatersand University, switching his concentration to computer science and applied mathematics during his second year. He then switched again to studying information systems at UNISA. He never completed his degree, but instead jumped into professional life. His first professional position was with Matrix, an engineering firm.

Here Serge Belamant worked on various kinds of computer applications, including IBM computers. The Centre for Scientific and Industrial Research then made him the head of its computer section. At this time he also assisted Control Data with various engineering work for IBM, UNIVAC, BURROUGHS, ICL Could code in FORTRAN, COBOL, PL1, and PASCAL. Control Data was so impressed with his assistance for this one-time gig that they offered him a full-time analyst position which he accepted. In 1980 he was honored as analyst of the year.

Serge Belamant was later trained in linear and non-linear programming by the RSA military. He then created the world’s first scientifically driven financial system. As a result of his groundbreaking work, he was awarded full membership into the RSA computer society. He then began assisting in implementing his patented technology for use in banks. This work was done on behalf of SASWITCH. It was so successful that by the late 90s it was the most successful ATM company in the world. In 1989, Belamant greatly updated this with a newly patented technology now recognized as the first cryptocurrency technology.

It was not used by SASWITCH, so Serge Belamant started his own company known as Net1 in which he churned out this technology for bank ATM use. It has since become so successful that now takes in one or two billion dollars a year.

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