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Missy Broome

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Who Holds the Patent for Blockchain Technology?

In 1989, Serge Belamant created the first version of blockchain technology. As the patent holder, he has been repeatedly acknowledged for his thought leadership in the financial sector. In the capacity of applications and software developer, Belamant has many accomplishments that span across decades. Chief among them is his use of a micro-controller used to create a distributed independent transaction ledger.

Although he spent his adult life in South Africa, Serge Belamant was born in Tulle, France in 1953. Upon relocating, he attended Highlands North High School for Boys in Johannesburg, where his natural leadership abilities began to take shape. During high school, Belamant played rugby, became the house captain for different academic clubs, earned the Victor Ludorum award and was also named Head Prefect. As if that wasn’t enough, he earned sixth place ranking at the 1972 South African Chess School Championships.

Serge Belamant attended both Witwatersrand University and the University of South Africa. Over the course of his university education, he studied engineering, computer science, applied mathematics and information systems. During his third academic year, Belamant made the decision to accept a job offer from Matrix, where he joined their BKSH division. In addition to the wide-ranging technology projects to which he contributed, Belamant designed computer models for the Council for Scientific and Industrial Research projects. He excelled and was promoted to a leadership role for the technology segment of the Pretoria, Witwatersrand and Vereeniging road planning project. To know more about him click here.

The breadth of Serge Belamant’s professional experience includes key roles at Control Data, Databank, Bancorp and Saswitch. He was even awarded Analyst of the Year in both 1980 and 1982 by Control Data for his extraordinary contributions on different projects. During his consultancy for Bancorp, he developed a program that assessed the risk and sustainability of a business, which earned him membership into the RSA Computer Society.

The technical expertise that Belamant gained over many years was instrumental in the success he achieved while designing a National ATM switch for RSA banks. This device functioned on parallel processing systems and fault tolerant hardware. Serge Belamant’s efforts resulted in Saswitch’s top ranking around the globe.