Blockchain and cryptocurrencies are currently the most breakthrough technologies. New methods and processes are being introduced for both ordinary people and businesses. The existing interaction mechanisms are being modernized.
It is not uncommon for small and medium-sized enterprises, such as small and medium-sized businesses, to face difficulties in developing and scaling up their small and medium-sized businesses, in terms of financing and lending.
Banks and financial institutions have little love for small businesses because they are too small to have adult legal documents and a transparent credit history. Without additional sources of money, small businesses cannot develop normally and implement their own development and production plans.
Small and medium-sized enterprises are much more vulnerable to large corporations, they cannot find the best suppliers of quality goods with minimal prices. Large transcontinental corporations do not have such problems because they either have their own production facilities or have large discounts with suppliers.
all of the above can be concluded that the main difficulties in the development of small and medium business MSME are:
High production costs;
Little or no funding;
High market competition;
Due to the distrust of financial institutions, credit banks, product suppliers, small and medium enterprises (MSME) do not trust retail customers either.
Tokoin platform overview
Tokoin platform is a platform that establishes the concept of digital identity of each MSME business and its reputation - a trust. The main goal of the project is to create long-term value business relations based on the trust rating of MSME entrepreneurs and small and medium business organizations.
The platform is based on the principle of digital business identity, i.e. any transaction retains a trust record in blockchain, which is then used as a trust business portfolio.
Blockchain also continuously records consumer activity and service consumers and thus enhances its reputation. As an incentive to develop a trust rating, the Tokoin platform offers all its customers a discount on the supply of goods and services. The trust rating helps to avoid a lot of mistakes, which are waiting for young entrepreneurs on their way. It minimizes risks and reduces the likelihood of fraud.
Thanks to the use of Blockchain technology, it is possible to check counterparty files based on previous business transactions, since all data was recorded in Blockchain.
Simply put, a business reputation will directly correlate with consumer purchasing behavior, which is an important part of the counterparty's profile. Tokoin's platform translates consumer behavior data into a valuable asset, analyzing which can yield many competitive advantages. The main of these competitive advantages is the assessment of the reliability of the enterprise.
Among other things, Tokoin ecosystem is supported by partners providing other useful services, such as: financing, insurance, crediting, logistics, delivery of goods and services, warehousing. Taking advantage of the Tokoin ecosystem, MSME SMEs can choose their own development plan and service packages.
Close cooperation with MSME allows data operators to access analytics and a complete overview of the customer profile.
Possibilities of application of Tokoin ecosystem.
The developers of the platform open for representatives of small and medium businesses truly wide opportunities for development. They will be able to do so in the ecosystem:
Create their own personal business portfolio;
Make transactions that will be converted to digital data;
establish yourself in the market and your reputation;
Improve their trust rating by financial institutions, counterparties and major international conglomerates for mutually beneficial cooperation;
Gain open access to services that small entrepreneurs cannot afford because of low volumes or lack of budgets.
Tokoin token
TOCO is Tokoin's own token, whose country of origin is Indonesia. Softcap plans to raise $8,000,000, hardcup plans to raise $25,000,000. The number of tokens is 700,000,000.
In conclusion, I would like to say that the use of Tokoin and Tokoin dApp platforms opens up wide opportunities for the development of MSME small and medium-sized businesses.
Website: https://www.tokoin.io/
Telegram Chat: http://t.me/tokoinglobal
Twitter: https://twitter.com/TokoinOfficial
Facebook: https://www.facebook.com/TokoinOfficial
Medium: https://medium.com/@tokoin
Instagram: https://www.instagram.com/tokoinofficial
Reddit: https://www.reddit.com/user/TokoinOfficial
author: globlin
btt: https://bitcointalk.org/index.php?action=profile;u=2395340
eth: 0x47397147C2Ee3680b9647A86cAf91bBa06a59628