OVERVIEW OF WHAT AND WHO AN MSME IS
MSME as the name implies means MICRO SMALL & MEDIUM ENTERPRISES this term is used to describe those little kiosk, road side shop owners and provision store owners due to their level of trading. They are the small and closest to the final consumers in the chain of Trade and Sales. They face problems which limit them from scaling no matter how they try, some of this problems include Unavailability of Data, High barriers to funding, Scaling up in the emerging market, great presence of good reputation.
In addition MSMEs actually lack enough capital to pull them upwards in the chain of development owing to the fact that big competitors would dominate the market leaving the MSMEs with little or chance to stamp their identity in the economy of the nation, thereby hindering the economic expansion of the nation in the long run.
INTRODUCTION
This article details the real life application of Tokoin to present day business transaction processes, it also outlines the advantages and disadvantages of Tokoin to MSMEs, and finally it gives in detailed context and content the major reason WHY YOU NEED TO CHOOSE TOKOIN.
From the company’s mission statement, you can understand that Tokoin’s idea of enhancing trustworthy data exchanges in present day business transactions so as to meet the ever rising demand of proper funding and financing of businesses, we tend to understand that the sole purpose of Tokoin’s establishment has always been for the growth of MSMEs knowing fully well that they actually drive each nation’s economy in their little way although with a very large ripple effect.
APPLICATION OF TOKOIN
Firstly, Tokoin provides various Development Opportunities for MSMEs just by providing the right type of partnerships needed to help scale up this MSMEs to potential big and established businesses in addition to this Tokoin offers them a wonderful avenue to create the type of legacy they want to have and push them to productive and consistent since their relevance depends on their productivity and credibility to the system, while keeping tabs on their recent activities so as to meet up to financial institutions requirements.
Secondly, Tokoin delivers an exquisite feature which makes use of Tech-Infrastructure to MSMEs to utilize their data from their already sealed deals so as to create value and importance from those data collected. Now furthermore, this tech-infrastructure makes things quicker and analysis easier on the part of Tokoin so as Tokoin to leverage on the data collected already.
Finally, builds a digital presence for MSMEs by bringing involving KYC which would help in the deliberate reputation preserving of both MSMEs and Tokoin.
WHY CHOOSE TOKOIN
Here we can say that the only participants who help the growth and influence the development of the platform actually remove.
Tokoin adopts blockchain in a new way. It embodies the decentralized system of execution of tasks through its use of the digitalized sector to leverage on helping users build up profiles that can be accessible to brands and service providers anywhere and anytime without any form of restriction.
With the access to Tokoin gives brands and service providers have a non stop chance of seeing or revisiting the user profiles which are stored in a digitalized ledger and not a body in charge of holding all the data together.
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Writer’s Information; Johnyjay
Bitcointalk profile; https://bitcointalk.org/index.php?action=profile;u=1819701