Serge Belamant is the famous founding patent holder of blockchain technologies. Block chain technology is seen as the driving force that can rival or maybe even surpass crypto currencies. Crypto currency has been recently making waves and grabbing the attention of many global investors over the past couple of years, with Bitcoin and Ehtereum leading the cypto pack. These are seen as forces that will revolutionize the global economy.
However, many industry professionals highlighted the Serge Belmant’s blockchain technology can easily stand alone without crypto currency. In fact, they view that blockchain has outrivaled crypto. Only time will be able to tell which technology is the last one standing. But one thing is sure, many industries today now already rely on blockchain technology to be able to do their business transactions.
Serge Belamant is an innovative man that is seen as the instrumental factor that developed block chain applications. He utilized smart cards containing microprocessors that have the capacity to function online or offline. The capacity to function offline is a huge boost and advancement.
Blockchain technology is always compared to a ledger of records. But Serge Belamant crafted it in such a way that the information contained therewith are easily linked together and encrypted for added safety. On top of that, each ledger is embedded with crucial data protections features, including a time stamp.
Serge Belamant said that he envisioned blockchain technology to help financial services sector. It is there for security and transparency. On top of that, the accuracy of data is guaranteed making worldwide transactions possible. With many systems now becoming old, decrepit, and inefficient, the ability of block chain technology can come in handy to make everything more trust worthy and reliable.
That being said, financial transactions are only a small fraction of what blockchain technology is capable of performing. Serge Belamant sees that his patent will play a critical role in the future of global economy because it has the capacity to affect things like costs, contracts, labor-intensive businesses. These operations can be made smoother with the infusion of block chain technology. It has the capacity to reduce inaccuracies and errors, which are vital in business because it has detrimental consequences that can affect company outcomes on a large scale.
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