French businessman and computer scientist Serge Belamant made a name for himself in the global banking technology industry. Born in France, he moved to South Africa where he received an early education and studied engineering, computer science, mathematics, and information systems. He attended the University of Witwatersrand and the University of South Africa before finding employment with civil engineering company, Matrix. It was the beginning of his career which developed him to become an entrepreneur and financial system developer. In 2018, Bitcoin Insider reported Mr. Belamant launched Zilch Technology based in London which is his second business venture.
Serge Belamant founded his first company in 1989, Net1 Technologies and contributed much success including expansion and revenue growth. The business expanded to Botswana, Iraq, Namibia, Ghana, Burundi, and Russia providing secured payment and transaction processing technologies. Net1 was very successful building funds transfer systems (FTS) and went public on the New York NASDAQ which has a market value of $2 billion. Belamant served as Chief Executive Officer and Chairman and by 2017 sold the company to launch Zilch Technology, a year later.
Co-founders, Serge Belamant and Phillip Belamant, his son started Zilch with the mission of inventing more blockchain technologies throughout the UK. Phillip runs the company’s daily operations and his father is semi-retired. Prior to launching Zilch Technology and Net1 Technologies, Mr. Serge worked for Matrix, Council for Scientific and Industrial Research (CSIR), Control Data, and SWASWITCH. At Matrix he developed a crypto system application for testing the water levels of dams and computer models for CSIR. Other inventions are the development of the first financial system, the VB Network, National ATM Switch, and the first RSA POS (point of sale).
Serge Belamant is the first pioneer in South Africa to develop the Funds Transfer System or FTS for secured processing of payments and transactions. He gained experience in the banking technology industry working with RSA Bank and other South African companies. His company in London is in its startup process and markets in England and throughout the United Kingdom. Belamant now lives in the United States while Phillip runs Zilch Technology in London.
Cryptocurrencies are not taking up very many headlines just yet, but they soon might be. So far, the young market appears to be following Shervin Pishevar’s comments about the emerging global economy.Blockchain development continued as crypto prices were down. Its use cases began to shift focus from small businesses to the streamlining of large organizations. However, anyone who paid attention to what Shervin Pishevar had to say would recognize that cryptos were not dead. After all, how are these large companies going to trade amongst themselves? Won’t they need an independent blockchain to further their efforts of more efficient data management?
Blockchain Encourages Better Economic Solutions
Those who have not been listening to Shervin Pishevar might assume that the banking industry can step in with a revamped credit solution. A few things are problematic with this assumption. First of all, there will invariably be issues when blockchain data flows mix with outdated ideas. Such implementations will likely create bottlenecks. Secondly, if forward thinking, large organizations trust digital ledger technology enough to help manage internal operations, then why would they not jump at the chance of a fair, open source, and transparent solution. This is not the type of solution that the banking industryis suited for. Finally, blockchain already existed as a public network before being instituted privately. It just makes sense to build on top of existing architecture rather than try an unproven (and idealistically backward) solution.
Tying Value Directly to Transactions
Shervin Pishevar noticed these economic changes a year ago. Today, blockchain infrastructures have advance a lot. This advancement is probably a very significant factor in determining Shervin Pishevar’s vision of a blockchain dependent future web. Blockchain technology is rath r complex. A lot of hours go into its development. Often times, developers are all but certain that something is possible. They merely need the time to build, test, and implement. After that, it’s about consumer acceptance. A better product tends to be adopted. This is what cryptocurrencies represent- an improvement over the current credit system that governs digital transactions.
The Holy Grail of the investor is the so-called “safe investment.” This is the hidden gem that keeps the emotions of an investor consistently positive while maintaining a consistent rate of return. Oh yes – this investment must also require absolutely no research into its underlying company.
Even the best investors in the world are still looking for this kind of investment. The only people who seem to get close are professionals like Warren Buffett and Peter Lynch, and they spend all day researching the companies they choose. As a matter of fact, they have other full-time employees researching those companies as well.
Any investor who is looking for a safe investment should simply hold money in a savings account. There is a downside to this kind of investment – it does not outpace inflation. Anything with a potential for profit also brings with it some amount of risk. Here are just a few of the “safe investments” of today and how they really weren’t all that safe before they became famous and overwhelmingly profitable.
• Amazon, which recently earned the title of “world’s biggest retailer,” spent 10 years losing profits. Around 2010, story after story listed it as an eventual failure and wondered why people kept pouring money into it. Today, Amazon is considered one of the safest investments you can make.
• Facebook was considered a no-brainer when it had its IPO a few years ago. People who thought they could only benefit from it bought heavy during the first day of public trading. In the first week after that day, Facebook lost almost 50% of its value. Although it has more than made up for that now, the people who thought that it was safe to get in quickly suffered a huge loss.
• Walmart was considered one of the safest investments of the past century – a giant that could never be taken down. Many people based their entire retirement portfolios on Walmart stock. However, the advent of digital retailing has caused Walmart to look a bit shaky. People who invested too much in the company are now losing money.
When you look at the performance of the world’s biggest and most successful companies, you cannot always classify it as safe. Ergo, bitcoin will probably never be a completely safe investment, either. The real question that you should be asking is if bitcoin is a good investment. Good investments have a totally different feature set from safe investments, and many of those features depend on your active participation in the market.