How Tokoin Helps Buyers Keep Businesses in Shape

As a coffee shop owner, almost every month, Deni needs to spend some money on product needs and various invoice payments to be his coffee shop’s working capital. This working capital is in cash, being a liquid asset, used to finance the day-to-day operations of the company. By having accurate information about working capital, one can plan and manage business properly, as well as facing less confusion when about to make any investment decisions.

For a coffee shop business, the working capital would consist of:

As seen from the illustration above, the list of items and nominal may vary from one month to another because the needs will depend on groceries’ supply.

For every monthly purchase and payment, Deni has to balance expenses with the budget for working capital well. To avoid disrupting his working capital while balancing expenses, Deni might have to reduce the money allocated for groceries as a way out.

An alternative scenario would be to purchase through Tokoin’s platform. This way, Deni might be able to keep the working capital intact and healthy. As a downstream on a B2B business ecosystem, Tokoin provides beneficiaries, among others, efficiency in the B2B supply distribution chain to cut any unnecessary costs. As a result, Tokoin could help Deni manage his coffee shop’s working capital by offering lower purchasing costs since he buys products direct from the sellers.

Effective purchasing is afforded by the data distribution system on Tokoin’s platform. Deni as the buyer in the B2B ecosystem has previously input information about his business’ needs and size. This information is then recorded as a node in Tokoin’s blockchain system and distributed directly to any sellers who need it. This data distribution mechanism makes it easier for sellers to precisely locate their products in a certain market, which, in this case, is Deni’s coffee shop. In return, as a data provider, Deni will be rewarded by Tokoin with various purchasing discounts as the direct benefit and a good business reputation from the transaction timestamps as the indirect benefit.

Tokoin itself is a blockchain-based platform which helps SMEs accelerate their businesses. This platform not only helps SMEs directly connected to the sellers but also enhances the network with an effective, secure, and trustworthy ecosystem to support data distribution trade. On this blockchain-based platform, all information data are accurately recorded using cryptography and stored in blocks which are marked with timestamps. If a set of information is already recorded in a block, it is immutable and governed by the rules of the network. That is, every change made in each block will create a new block that links to the previous blocks. This means that once the information is there, it stays there and cannot be changed or manipulated without leaving traces.

Since the transaction timestamps will be very vital for the progress of a business, they can be a parameter as to whether a company can repay obligations, such as a loan, and an estimation of how long it will take. This can help institutions avoid problems with businesses that operate without adequate capital.

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Author: Tokoin Official

TOKOIN is a platform that establishes the identity of MSMEs as an acceptable reputation in the business ecosystem. TOKOIN presents a better and modern business ecosystem that offers valuable partnerships to address inclusive growth. As a platform, TOKOIN captures and processes business information from the users as a valuable asset, which, in our ecosystem, translates to the trusted reputation of the MSMEs as our users to access previously inaccessible financial business services from providers which act as our partners. Therefore, TOKOIN links the business and financial sectors to launch a scheme of financial inclusion. The partnerships formed in TOKOIN will subsequently contribute to the national economic growth.

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