STACS Featured on Business Time — Facing the challenge of economic triage
The crisis arising from Covid-19 affects practically all sectors of businesses. SMEs are the most vulnerable, and those that have a good track record should be given financial support by the government to survive. After all, SMEs are the backbone of Singapore’s economy and workforce.
Realistically, the government cannot be helping every enterprise, much less structurally unviable ones. The national coffers should be deployed prudently.
Although, STACS has a relatively young history, we strongly believe that “handouts” do not last. That is why companies, including STACS, must continually keep reinventing themselves to stay relevant. Our blockchain technology has to be relevant for mass adoption by banks, asset management firms and stock exchanges
The original article also appeared on: https://www.businesstimes.com.sg/views-from-the-top/facing-the-challenge-of-economic-triage
STACS is a Singapore fintech development company focusing on the digital transformation of the financial industry. Today, our clients and partners such as stock exchanges, banks, asset management firms etc are using our proprietary Securities Trading Asset Clearing and Settlement (STACS) Blockchain for various use cases while working together with their ecosystem participants to enjoy efficiency savings in operations and to create new revenue streams.