Serge Belamant is a leader in the world of blockchain technology who will surely become a household name as a result of his many contributions to the financial sector. In fact, he filed a patent for blockchain technology decades ago and was instrumental in the creation of related applications. Let’s look at some of the patents Serge Belamant has filed in the last 20 years.
The Method and Apparatus for Controlling a Gaming Operation patent filed in 2001 by Serge Belamant was developed so that video gaming could occur in non-secure locations without sacrificing security. It’s a system that has a smart card with memory apparatus and secure processing that’s hooked up to a video display. Software that controls the game’s operations and data pertaining to gains and losses is stored in the memory of the smart card. The operations that have the ability to affect the game’s outcome are held in the secure processor, which means it’s not vulnerable to tampering.
Serge Belamant filed the Verification of a Transactor’s Identity patent in 2012 that assigns an identity to each person engaged in a transaction. Additionally, an independent entity verifies both sides of the transaction, which adds to the security level. This is beneficial because financial transactions totaling more than $100 trillion every year occur at a rate of 150 million per second. The Verification of a Transactor’s Identity improves legacy systems that are known to be slow and susceptible to human error.
Also in 2012, Serge Belamant filed the Designation of Electronic Financial Transactions (DEFT) patent. This system offers a way to identify data provided by a transactor, such as passwords and usernames. It also includes the person’s location and other important information related to the transaction. DEFT offers a way to implement a predetermined response based on an identifier. In the event that a transaction is not considered normal based on the identifier, a limited number of transactions is allowed and an alert is issued. On the other hand, a transaction that’s considered normal does not issue an alert or limit the number of transactions.
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