Prior to launching its new business model focusing on blockchain technology, Square Chain Corp, (f/k/a) Asia Travel Corp operated as a travel related services company throughout Asia, , including online travel platforms and services, online hotel and flights booking and reservation services, managing and operating hotels including Zhuhai Tengda Business Hotel and Tengda Mansion.
Focus in Blockchain and Application Development
In March 2018, the Board of Directors elected to shift the Company’s business model to concentrate on business opportunities within blockchain technology. Square Chain has designed a multi-faceted business model to take advantage of the significant emerging opportunities being developed utilizing blockchain technology. The opportunities we have identified to date cross many industries such as real estate, finance, shipping/logistics and healthcare. We have associated ourselves with leading experts in the field of blockchain technologies, allowing for a broad overview of exciting software applications with significant opportunities for in-house development. The applications we have identified early in their development will drive our growth.
Through the operations of its blockchain business segment, Square Chain Corporation believes it can develop direct business relationships and opportunities to participate in operating projects that directly benefit from blockchain technology.
Blockchain acts as a public, decentralized ledger. This ledger provides a single, unified source of data, creating a clearer audit trail and consistency across parties. The Company believes that emerging blockchain technologies are creating a fundamental paradigm shift across the global marketplace, with far reaching applications across all industries from financial services (smart settlements) to packaged consumer goods (supply chain verification) to healthcare (electronic medical records).
As part of the Company’s business plan to identify key talent and emerging blockchain concepts, the company will continue to participate in blockchain related networking opportunities. There is a growing and thriving community of blockchain application developers in our local market looking to associate themselves with a company such as Square Chain to complete product development and bring these products to market.
At present, the Company is working closely with a local blockchain incubator to identify developers looking for employment opportunities in blockchain software and app development. The incubator is a blockchain technology education, co-work and development center. It is their mission to provide an amazing space for innovation in the world’s most exciting and fast-moving industry. They are a collaborative space for blockchain technology educators, innovators, and startups.
The company plans to develop a network of entrepreneurs, advisors, and limited partners who are on the front lines of this fast-moving sector of Fintech. Management firmly believes that Blockchain technology is a profound invention that offers a better, faster, cheaper way to move money and exchange assets without counterparty risk.