Blockchain tech has never been more popular than it is now. The revolution that was unleashed with the appearance of bitcoin and other cryptocurrencies has now reached the masses and appears to show no signs of slowing or stopping. Serge Belamant is founder of Net1 and a wide variety of other tech companies that are leading the way when it comes to the adoption of blockchain tech in our everyday lives, in this case with the development of blockchain-driven credit and debit card technology.The blockchain tech pioneered by Net1 has led to the company suffering from a significant undervaluation, and since the company is set to generate large free cash flows it is very likely the company will be able to buy the remaining shares on the market before the end of the year in 2023.
This undervaluation, combined with the seriously powerful technology developed by Serge Belamant mean that this company is an excellent value with a great deal of potential for growth in the future.Serge Belamant and the team at Net1 have created a brand new, proprietary form of the blockchain technology that takes the form of smart cards that also act as debit/credit cards. These cards are accepted anywhere that EMV, or Euro MC/Visa cards are accepted, and the underlying technology behind them is patented. This technology uses distributed ledger tech which means it is able to function both online and offline and in order to process a transaction it is not required that one have electricity or a connection to a central servicer via the internet.
This is a game changer for people who need to make transactions in untraditional situations where the normal amenities of daily life may not be available.Serge Belamant developed this system to allow users to validate and audit records, decrypt and encrypt, and permit POS systems to authorize/decline any transaction with the push of a button. His tech can process any transaction without needed to dial into a central server, similar to the old phone system that was in place prior to the digital revolution.