Tokoin.io – Willing to support MSMEs to get easier access in accelerating their businesses, Tokoin conducts an agenda to introduce its platform to show-and-tell the world about the aspiration of Tokoin for the MSME in the global scale.
April 6, 2019 yesterday, Tokoin visiting Binance Jakarta Meet Up to gave a short seminar, sharing Tokoin’s aspiration of the MSME for a global scheme. To efficiently demonstrate the application of our business model, Tokoin is presented by Mutia Rachmi, Tokoin Project Manager.
The business concept that TOKOIN offers to the global public and audiences covers important global economic issues in the vastly developed era. TOKOIN target user and market, MSME, is one of the biggest economic driving forces in developing countries. For instance, MSME in Indonesia contributes 60.3% of revenues from Gross Domestic Product (GDP) and 97% of the national labor.
MSME is one of the significant sectors globally, with more than 400 millions existing businesses. currently, the majority of MSME operated in developing countries; TOKOIN presents to manifest solutions to ease the burden MSME have from the actual problems, by utilizing blockchain technology for data distribution and tokenization reward. The solutions from TOKOIN will be carried out properly with business partners from financial institutions who share the same vision to accelerate MSME development.
In reality, MSME businesses often find it difficult to accelerate their business. Lack of access to funding from financial institutions or insurance often hinders them from developing their business. They often get refusal when applying for a bank loan and other financial institutions. Banks who provides commercial loans prefer to allocate their resources to larger firms rather than MSMEs. According to banks, higher default risks, lack of financial transparency, and lack of assets for a mortgage are the major factors for not providing loans to SMEs.
Aim to support the industrial sector with the targeted utilization of its use-cases, Tokoin carries missions to help MSMEs who often find it difficult to grow their business. Tokoin brings together the convenient “meets the needs” between Tokoin’s users and partners (financial institutions, insurance, property business, etc).
Due to this, Tokoin aims to solve the problem by offering a platform that provides easy access for MSME to accelerate. As a platform that leveraging blockchain technology to establish Valid identity and reputation of MSMEs.
As a platform that leveraging blockchain technology to establish Valid identity and reputation of MSMEs, Tokoin implements digital identity and digital ledger to build MSMEs credit scoring services, to increase MSME’s economic scale. This will become a solution that allowing TOKOIN users to build a trust-able profile with security for all stakeholders in the ecosystem.
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