Economic Discrepancies among the countries of the world have made the genuine definition of Small and Medium-scaled Enterprises (SMEs) subjective. Notwithstanding the domain, SMEs are the social-economic engine room of any country in view of its immense contribution to employment and Gross domestic product developments.
As indicated by European Commission on what entity constitutes a SME, they are enterprises having somewhere in the range of 10 and 250 workers; not in excess of 50million Euros yearly turnover; and balance sheet total of 43million Euros or less.
Official figures maintain that more than 70% of registered businesses in the economies' of developing nations are to a great extent subject to the SMEs area, creating monstrous employments opportunities for the huge populaces.
Be that as it may, as a consequences of a few difficulties, the maximum capacity of the SMEs segment particularly in the developing countries is as yet not realized. To a few, SMEs can improve the situation in perspective of its present contribution to Gross domestic product growth. In the light this, we discuss the impediment to SMEs developments and blockchain-based solutions offered by the #LEXITco platform.
Lack of Capital to SMEs
Absence of access to credit facilities is the main impediment to the development of Small and Medium-scaled Enterprises. A portion of the difficulties faced by SMEs in getting credit facilities could be absence of guarantee security; stringent lending criteria, poor credit rating, absence of trust, high interest rates, government polices, among others. Whatever the case may be, a good number of these challenges are peculiar to every nation—developing or advanced
In addition, not having access to international and local capital markets due to the costs and the nearly inaccessibility of capitals from financial institutions(e.g. a third world country) by SMEs, have made the selling of internal redundant assets to raise funds an attractive one.
The #LEXITco solution
#LEXITco is a startup that offers a blockchain-powered marketplace where intellectual property can be purchased or sold.
Every Small and Medium-scaled Enterprise has intangible assets. These assets could be copyright, trademarks, information, contracts and exclusive customer mailing records. However, due to the difficulty in allocating value to these assets,SMEs owners are majorly concerned with the selling of physical assets to raise funds in order to invest in new products or expand their business.Unfortunately, the more valued intangible assets are ignored and never considered.
As significance as these intangibles seem to be, SMEs proprietors don't have a satisfactory comprehension to investigate their qualities with regards to raising money.
Fortunately, through the blockchain's ability to accomplish remote autonomous agreement between two parties,SMEs proprietors can now raise significant capital by bringing their unused-intangible assets they are not interested to develop into the #LEXITco's marketplace and sell them to the prospective buyers who are eager to produce products from these assets.
Likewise, intangible assets that might be surplus to requirements to SMEs proprietors, due to innovation or industry shift (e.g. a franchise or proprietary customer mailing records) can be inventoried, valued and sold in the platform.
Link:
Website: https://www.lexit.co
Whitepaper: https://www.lexit.co/resources/whitepaper
Bitcointalk : https://bitcointalk.org/index.php?topic=2494585.0
Telegram : https://t.me/LEXITco
Author
Telegram:Arizona167
Bitcointalk :https://bitcointalk.org/index.php?action=profile