Blockchain technology is currently skyrocketing in popularity and adoption. However, we have just touched the surface of the places that Blockchain will go. About Serge Belamant, and his company Net1, are on the ground floor of the biggest technology revolution since the early 1990s. Net1 uses blockchain technology to create major free cash flows in the fintech space. Currently, Net1 is undervalued, and the fact that its ability to generate free cash will allow the company to buy all of the remaining publicly available shares on or before 2023. All things considered, Net1 has some excellent technology underpinning the company and looks to be an excellent buy with a great deal of upside possibilities.Net1 and Serge Belamant are responsible for the creation of a form of the blockchain tech built into smart cards that have debit functionality among other uses.
This technology is accepted in many places that EMV or European Mastercard Visa cards are currently available, and in addition, this is a completely patented technology. This tech is utilized using DLP, or distributed ledger technology. These ledgers have functionality online and offline, and do not require the card reader to access a centralized computer- which can make transactions much faster, easier and allow transactions in untraditional places like national parks or rural areas without internet service.After coming up with the system, Serge Belamant created the actual system to help user computers engage in validation to create audit records, encrupt and decrypt, as well as authorize or decline transactions.
This blockchain based tech developed by Serge Belamant has ability to connect to the internet without the use of a POS or point of sale system. The card also works without an electricity source, similar to analog telephone systems that still work when the power goes out. Many people are predicting the use of technology for reducing the cost of banking and transaction infrastructure and development fees.Traditional cards require the use of complex and expensive systems to operate correctly. Net1’s new blockchain style debit card leaves all of that behind and offers atm, debit, and credit functionality in a stylish, self-contained package that is very likely to change the world of online and physical payment transactions forever.