Topnotch partnerships are required by a number of crypto projects in order to grow and expand. Recently a number of key partnerships announced by certain crypto projects have led to their organic proliferation in all ramifications. And tokoin, a very intriguing and well positioned crypto project in the space isn't left out of this either, as it has successfully secured a number of amazing partnerships over the last few months.
A number of partnerships have been sealed by tokoin, over the months, one of which includes it's partnership with tomochain, a partnership meant to help integrate tokoin on the tomochain platform with the end goal of providing resounding benefits to both parties and make them highly placed across the continent of Asia.
The partnership between Tomochain and Tokoin will serve to increase market opportunities for both projects and also help create a high and unique level of awareness for both. The projects aims at intimating the general public about the benefits of the blockchain technology thereby creating mass adoption by integrating the beauty of blockchain into many enterprises. According to the CTO of Tokoin, wellySam, he revealed that the partnership was chosen because it best suits the protocol of the Tokoin ecosystem, by ensuring it's highly scalable, foolproof and highly compatible with the world's most renowned smart contract technology, Ethereum.
The other is partnership with Ralali, and this partnership is geared at providing benefits to micro, small, and medium enterprises (MSMEs), by helping them to conquer every challenge they face while carrying out their respective business functions. The aim of this partnership is to help fulfil Tokoin's quest of collaborating with many of the big players in Indonesia and Asia at large, and Ralali is definitely one of them. Ralali was commissioned in 2013, and till date it remains one of the biggest and most progressive B2B market place in Indonesia.
The above partnerships have contributed to the overall growth of the tokoin project in numerous ways, by bringing in new investors and adopters from around the world. But today we are not going to be talking about those partnerships, but rather about the latest partnership secured by Tokoin, this partnership is no other than the partnership with Bifrost. Let's take a look at the details of this partnership below.
The Bifrost partnership
Tokoin has successfully cemented a number of partnerships in recent times and Bifrost is a new addition to the list of unending partnerships by tokoin. Though details of this awesome partnership were initially finalised internally by the Tokoin and bifrost management in the month of July, the public details of this partnership was only recently released.
What is Bifrost all about? You may ask, Bifrost is a pioneer and the only middleware platform that serves to bridge the gap between DAPPs and blockchain protocols, while tokoin on the other hand is currently a leading blockchain enterprise in Indonesia which is targeted towards promoting the growth of micro, small and medium enterprises (MSMEs), in the global market. Courtesy of this partnership both platform will leverage on the upside of one another to thrive.
The Bifrost middleware platform is the best fit for tokoin's DAPP, all of which will go a long way in empowering more MSMEs through the numerous advantages that this partnership breeds. The efficiency of the Tokoin ecosystem will be greatly improved courtesy of this partnership as this will enable the platform combine numerous outstanding protocols in order to achieve specific goals.
The partnership between Bifrost and Tokoin is not one for show off, it's a partnership targeted towards streamlining certain blockchain processes for both projects in order to help achieve their individual and collective goals as decentralised ecosystems.
Final notes
Partnerships are very important aspects of every blockchain startup, the purpose of this is to help them achieve certain feats that ordinarily might be insurmountable without the other. The partnership between Tokoin and Bifrost is to help Tokoin build a sustainable ecosystem where MSMEs will be given the live line required to build and grow their enterprises.
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Author's Telegram ID: @Idakpe