Meet The Man Behind Blockchain Technology, Serge Belamant

Serge Belamant is one of the individuals responsible for kicking off a new age in the digital world with blockchain technology. Technology has been expanding at an incredible rate over the past few decades with the technology world taking on things like easy global communication through mobile phones and the internet. Not only this, but there are new gadgets and forms of technology coming out on a yearly basis. Serge Belamant developed his blockchain technologies in the early 90s’ and the potential uses for this technology can help people throughout their daily lives with more security and easier transactions. Serge Belamant is the CEO of Net1 Technologies, which is steadily gaining pace in the technological industry.

Because of the undervalued stocks of Net1 Technologies, Serge’s organization will be able to control leading interest in their shares by 2023, assuming the trend stays on the same path. The UEPS technology that Serge first patent, is one of the first blockchain technologies that has formed the basis for many more to come in the future. These UEPS cards function like normal credit cards and debit cards for the most part in the user’s case. The technology within these cards allows them to be used for sales and complete transactions despite not being connected to any system or internet database at all. This was his amazing innovation in the sale industry when it was patented.

Thousands of consumers are benefitting from Serge invented technology today, especially since they reduce the possibility of fraud, which will likely make this technology critical in everyone’s future. Because blockchain technology allows for transactions to be analyzed and encrypted, then decrypted without giving any information, they enable the transaction of money to be very secure. There are many more possibilities in the financial industry for blockchain technology and it has been shown off quite a bit with the rise of cryptocurrencies.

Fortress Investment Group; Decades of Financial Brilliance

Behind Fortress Investment Group were three brilliant minds; Randal Nardone, Wes Edens both are current principals and Rob Kauffman who retired in 2012. They all had in-depth knowledge about finance industry having worked in reputable institutions such as Goldman Sachs, Lehman Brothers, UBS, and BlackRock Financial Management.From its formation in 1998, Fortress Investment Group has been on the front line as a private equity firm. Its headquarters are situated in New York creating employment for over 900 people. Currently, the company manages assets evaluated at approximately $ 43 billion for over 1800 investors presented in private evaluation, hedge funds management, and permanent capital vehicles. With Rob Kauffman’s retirement, Peter Briger assumed his seat as a principal.

Every company is well known for a task it delivers with high standards. For Fortress Investment Group, it specializes with capital markets, company mergers and acquisitions, operations management and asset-based investing. The company is well equipped with human resources to determine pricing, values, owning, financing and managing both financial and physical assets. It also has a wide choice of asset based investments including real estate, vehicles, and capital that have long-term cash flow.Currently, the Group has been subjected to three categories namely; permanent capital vehicles, credit, and private equity. The credit section was created in 2002 but is currently under Peter Briger’s management. This section of the company focuses on the distressed and illiquid credit investments and assets that are undervalued.

Onto the second section, Private Equity focuses on investments targeted at generating cash flow mostly from the Caribbean, Western Europe, and North America. The department is led by Edens and Nardone. Some of Fortress Groups significant holdings include; New Fortress Energy, Brookdale Senior Living, Florida East Coast Railway, Aircastle, Nationstar Mortgage Holdings, and Holiday Retirement. As for the Permanent Capital Vehicles section, it oversees on investments in infrastructure, residential real estate investment, local media assets, and transportation.Fortress Investment Group’s leadership has been widely recognized for its innovation and success over the years winning various awards. The company was awarded “Credit Focused Fund Of The Year” in two successive years going to show just how much of an accomplished company Fortress Investment Group is among many other achievements.