Some of the great names that accreditation for creating cryptocurrencies over the past have been Babe Ruth and Joe DiMaggio. Cryptocurrencies took over the world the past few years with Bitcoin and Ethereum becoming household names. Blockchain technology joined the scene, and it is poised to be the game changer. It has been argued to be a vital disruptive force which underlies crypto. The blockchain technology can stand on its own apart from crypto.
Blockchain technology is a list of records linked together with cryptography. The particular ledgers each contain transaction data and cryptographic timestamp. The initial blockchain technology was developed to assist financial services sector in accessing its activities. With the technology in play, the financial sectors could enjoy transparency, accuracy, and security of enterprises, institutions, and clients.
Serge Belemant hails as the brains behind the blockchain applications used in smart cards. Through innovation, Serge Belamant was able to include microprocessors within the smart cards with full functionality, whether online or offline.
Their state of current systems in the financial sector is either outdated or inefficient. This is especially applicable in terms of international money transfers. This is one area in which the blockchain technology has the power to address.
Asides from financial transactions, there are many roles which the blockchain technology can play in the future global economy. This varies in different fields such as smart contracts in labor-intensive enterprises, which can reduce the costs and improve the speeds in the market.
The smart contracts are a significant potential that can be harnessed from the blockchain technology. The technology by Serge Belamant can also be applied in complex chains management in different businesses. This will result in efficient economic management.
Currently, Serge Belamant works at Zilch Technology Limited after leaving Net1 Technologies. Through the firm, he focuses on different inventions applied in the banking sector. He plays an active role in the firm in terms of inventing blockchain technology to improve the cryptocurrency markets.
Through the innovation behind blockchain technology, Serge Belamant has revolutionized the application and software developers in the IT field. He recently fields for patents over his inventions to protect the proprietary issues concerning the blockchain technology.