If you keep up with current technology or news from the financial world, you have probably at least heard of blockchain technology. While you may have heard of it, you probably don’t know much about the man behind it, Serge Belamant. Known as the Bill Gates of South Africa, Bill Gates first came up with the technology while working on the chips that are still used on debit and credit and debit cards today. Originally from France, Serge Belamant moved to South Africa with his family when he was only 14 years old. While in South Africa, he attended Witwatersrand University where he majored in computer science.
Currently, Serge Belamant is involved with the company Zilch in which he co-founded after being inspired by his son. An IT engineer, his son Phillip was interested in using social media to help young people be more informed about the financial options that were available to them. He knew that it was important that these options be accessible and fit with their lifestyle which is how Zilch was born. In addition to financial products, the company was also designed to help the younger generation be able to manage their money more efficiently and track their different spending patterns.
Serge Belamant notes that it is not always easy to bring an idea to life no matter how good it is. It requires a great deal of planning and he prefers to break it down into simple components to understand it better and determine if it is realistic to achieve or not. If you take the idea down to only the essential elements and it still seems to make sense, there is a good chance that it is viable. Once you understand whether or not the idea is even possible, you need to figure out who could use the idea and if it would be possible to monetize it. If there is not a big enough potential user base who would be willing to pay for the idea, Serge Belamant thinks it may be time to move on. Otherwise, you can move to the analyzing phase.