Serge Belamant was born in France. At the age of 14 years, he and the family moved to South Africa. The respected inventor enrolled at the Witwatersrand University to pursue an engineering course. In his second year, Serge Belamant decided to transfer to computer and applied mathematics. Serge discontinued his studies and in his third year, he took courses in information systems via UNISA. Despite that, he never completed his bachelor’s degree, as he would have had to retake subjects he had already passed.
Inventor Serge Belamant is popular for creating the first incarnation of blockchain technology back in 1989. He also holds the patent for that technology. His outstanding achievements did not come that easily. Serge Belamant determination, efficiency, and hard work made his success. Serge has worked with several firms before starting his own, which he named Net 1.
U.E.P.S (Net1 Technologies) applied blockchaining on smart cards hence producing a card that can double up as a debit card and so much more. This smart card is Europay MasterCard Visa compatible and it has the purpose of a debit card whenever EMV cards are accepted. These smart cards use distributed ledgers that work while online and offline as it does not require communication with a centralized computer. Serge Belamant did what no one else has ever done. Blockchain is definitely going to revolutionize the modern banking.
UEPS smart cards help to validate, encrypted, authorize all transactions to take place, decrypted, and create an audit record without a centralized computer. Serge’s blockchain card works as an entire bank account with no bank infrastructure cost as it does not need electricity connection source and a centralized POS, Point of Sale Device.
If you are using a smart card offline POS device, then you require just a battery. Once you are done with the multiple offline transactions, all the information will be stored on the smart card.
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Sheldon Lavin was in the banking sector up through his early 40s. He had a financial consulting firm and was asked in the early 1970s to provide help to a company in his area, Otto & Sons. This company didn’t have the cash to open a food processing plant and so asked him to serve as their financial consultant. They needed to operate the business better and needed to obtain a loan for the plant. He took on both of these tasks and completed them successfully.
As a result of this job, the owners of Otto & Sons asked if he would like to become a partner as they had been very impressed by him and what he had done for their company. Sheldon Lavin thought this over and eventually agreed due to the fact that Sheldon Lavin thought this company could be even more successful than it had been. He bought part of the company and started to lead it as the Chief Executive Officer.
At the time Otto & Sons was just a regional player in the state of Illinois. Their main client was the fast food chain McDonald’s. The name of the company was changed to OSI Group and it was re-energized under Sheldon Lavin’s leadership. He made deals with McDonald’s so that his company could supply them with beef wherever they opened a restaurant. Whenever McDonald’s opened new restaurant, such as in California or Germany, he sought to be the supplier of beef.
OSI Group went international in 1978. They opened plants in two European nations, Germany and Spain. Throughout the 1980s Sheldon Lavin focused on developing his company across North America and Europe. Starting in the 1990s he made Asia and Australia a part of his global strategy. His company now has plants in 17 nations and supplies many quick serve restaurants globally. His company also creates the food that people buy in grocery stores that is branded as the store’s product. Due to Sheldon Lavin’s vision, his company has become one of the biggest food processors on the planet.
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