The reputation of the Tokoin project is sky rocketing and in lesser time it's reputation is soon to spread to the world given the importance of its service. It can be said to be the first branded Indonesian blockchain project and it's service is limitless.
Tokoin forms a partnership with MSMEs (micro, small and medium enterprises) in a way that facilitates growth. The project focuses on supporting MSMEs which is a rare service that would soon be accepted globally.
Tokoin- partnering with MSMEs to create a digital identity with emerging markets as targets
E-commerce extended to MSMEs in its simplicity.
The emergence of technology has cleared up the issues and difficulties associated with time and space. Businesses are adopting the technology way which increases efficiency. Every business
transaction consists of a set of data, among which are the participants, buyers and sellers, orders, payment method, the amount of discount, and detailed payment invoices. In an online market place the data are stored on a central server however with Tokoin a blockchain system the information are recorded accurately and in blocks which serves as the best fit in terms of security and transparency.
The main aim is to accelerate the growth of micro, small and medium enterprise in emerging markets and to achieve this, the problems faced by MSMEs are analysed.
Unavailability of data from B2B and B2C
transactions
Many MSMEs are behind the curve when it comes to leveraging data. They don't understand the importance of gathering data and how it can help them in proper decision making. They can't collect the data of their retail services which include their Business to consumer transactions (B2C). Also their business to business transactions (B2B) are not being recorded as majority of them are largely offline and the ones that collect are unable to utilize them.
Funding barriers faced by MSME merchants
Most banks and financial service providers have skeptical when it comes to lending MSMEs since they believe the overall cash flow is poor and there's a higher percentage they are unable to pay back. The financial inclusion is still low in emerging marketsas 70% of the merchants lack access to financial opportunities. Usually most MSMEs have no legal documentation, record and collateral and even if the documents exist the merchants would be judged based on the state of their business and their ability to pay.
Absence of reputation due to the size of the retail market place
Often times MSMEs feel trapped in an ecosystem where there is high cost, Low financial support and the basis of the exo system is lack of trust, no trust from the suppliers, banks and they only thrive on the size of their retail market place . They don't have a way to build a reputation to rise to the status that's beyond their small sized retail market place.
This issues work against the MSME and the retail marketplace in the emerging markets and this issues are addressed with the Tokoin project which includes the Tokoin dApp and the TOKO token that creates the right ecosystem for retail merchants to rise to their desired status through the arrangement and collection of data which are converted to valuables that help build their reputation and can easily obtain loans as Tokoin also partners with financial institutions.
Token Information
Token Name: TOKO
ICO Token Type: ERC-20
Total Token Supply: 2,000,000,000 TOKO
Token Sale: 700,000,000 TOKO
Hard Cap: $ 25,000,000
Soft Cap: $ 8,000,000
Team
Useful Links:
Website: https://www.tokoin.io/
Facebook: https://www.facebook.com/TokoinOfficial
Twitter: https://twitter.com/TokoinOfficial
Telegram: http://t.me/tokoinglobal
Instagram:https://www.instagram.com/tokoinofficial
Whitepaper: https://www.tokoin.io/whitepaper/Whitepaper.pdf?id=05f5c9d62d22ae24ea82
- Authored By invbeejay
- Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1900615