When people discuss the most important technological innovations of the past 20 years there are a few standout technological developments that are typically brought up. These include devices like mobile and smartphones, laptops, fiber internet, and the whole of digital information technology, like Google, MSN, Amazon and any other new-age digital companies that have taken over the tech sphere. While the communications and internet changed society forever, the blockchain is poised to take over the hearts and minds of tech fans- and in many ways it already has.
Serge Belamant is among the very first people to develop practical blockchain technology. While most people know about the blockchain through popular cryptocurrencies like Dogecoin, BTC, Bitcoin, and others, there is another, potentially more lucrative and stronger use- that of processing transactions using the blockchain rather than standard internet connected servers. Right now, Net1 and Serge Belamant are releasing their patented, proprietary blockchain debit and credit transaction system for wide release.
The company is generating massive and ongoing free cash flow, so much so that it is absolutely possible for them to generate enough cash to purchase back any of the currently available remaining market shares. Serge Belamant and Net1 will likely be able to acquire those shares on or before the end of the 2023 financial quarter, which makes Net1 stock incredibly undervalued relative to its potential.
The way the system works is through processing EMV, that is European Mastercard and Visa transactions using the blockchain instead of the standard system used by merchants worldwide. Unlike the current system, Distributed ledger technology does not require the use of any sort of central/main computer to process the transaction. That means these transactions use the blockchain to verify that the funds are in fact there. This cuts out the banks as middlemen and gives a huge advantage to consumers looking to replace or change the way they interact with banks.
In the grand scheme of things, Serge Belamant and blockchain will change how most of us bank. The only thing to do is try and get on board the train before it takes off from the station.
About Serge Belamant: patents.justia.com/inventor/serge-christian-pierre-belamant