Market acceptance for blockchain ‘challenging’

Systech, which fell into the red in the second quarter of its financial year ended March 31,2021 (FY21), plans to revert to cyber security as its mainstay since demand for this is increasing, CEO Raymond Tan said.

PETALING JAYA: Solutions provider and cyber security firm Systech Bhd, which was banking on blockchain to take the company forward, now says that market acceptance for it is “a bit challenging”.

The company, which fell into the red in the second quarter of its financial year ended March 31,2021 (FY21) plans to revert to cyber security as its mainstay since demand for this is increasing, CEO Raymond Tan said.