The blockchain is the talk of the town in the tech world. While many of us were first introduced to blockchain in relation to cryptocurrencies like Ethereum and BTC, there are many other uses for this not-so-new technology. One of the founders of blockchain, Serge Belamant, has developed a way to harness the considerable power of blockchain technology to implement a cheap and easy digital transaction system that does not need a centralized computer server.
Serge Belamant alongside his team at Net1 have developed their own, proprietary patented technology that bypasses traditional banks and financial companies to allow consumers and merchants to connect using distributed ledger technology. The company is currently in a fantastic position to generate truly immense levels of free cash flow.
These levels are so high, in fact, that the company will likely be able to exercise the option to purchase the vast majority or all of the remaining shares on the market on or before the end of 2023. This means that Net1 stock is a significantly undervalued asset and that a smart or savvy investor could take advantage of this fact to improve their portfolio.
What makes this technology so revolutionary is the simple fact that the team at Net1 and Serge Belamant have devised of a way to process transactions with EMV cards that do not have to link back to a central server. So instead of utilizing heavy equipment, servers, and an internet connection, all you need is a handheld device and the blockchain. Since the system is blockchain based, a block cannot be moved without being verified.
This is a significant step up from traditional payment systems which are often victims of fraud and mechanical/server issues. There are other benefits to this technology, namely the fact that payment processing costs will be but a fraction of the costs of traditional merchants.
Serge Belamant and all of the people he works with at Net1 have truly cracked the code when it comes to disrupting industries, and the credit and merchant associations have a lot to worry about from this groundbreaking new use of blockchain technology.
To know more click: here.