Things to be Reviewed When Running MSME Business

Tokoin.io – Before you jump into the entrepreneur’s world, there are several things that need to be considered before initiating the business; Generally the proper “dos and don’ts” of business.

For the entrepreneurs, tips and tricks will be very helpful, especially for guiding them to set the proper steps on the beginning of entrepreneurship.

These steps will be helpful on avoiding mistakes that might casually put business at risk. So, here’s the 6 things must be avoided when starting your business.

1. Ignoring business plan

A brilliant idea and a newfound motivation won“t be a swift step when building new businesses. Making your ideas out of your head and on paper is an important first step so that a business launch can succeed.

Having a business plan forces you to review every angle of the business idea, from your value proposition, marketing assumptions, to operational and financial planning.

2. Ignoring the market overviews

When starting a new business, you need to make sure there is a market that you can offer through the service / product.

Imagine devoting time and money into a new business just to find out people are not interested in what you offer. Although it may seem complicated, understanding the market and why it is important will eliminate confusion and manage a growing business for the long term.

Here are some questions that need to be considered when determining the market:

  • Who is your main competitor?
  • How long have they been in the business?
  • Is this business going well?
  • What is the price charged by other businesses for similar products or services that you offer?
  • Where are your main prospects?

3. Ignoring what the customers want

It’s not enough to assume that your business idea is good. Your customers must also think so. In order to succeed in a new business, you must invest in the target business audience and, like the market, know them well.

Ignoring their desires will put you on the fast track to failure. But, if you understand what they are looking for, you will gain trust from them and open the secret key to converting them from prospects to customers.

4. Ignoring marketing and advertising

After understanding the market and getting to know the target audience, you must disseminate / promote your new business to attract potential customers.

Although it doesn’t have to be big, your business must have a marketing and advertising budget. When generating income, you can expand your budget in this area and focus on strategies that are better, targeted, to grow your business.

5. Unadaptive to changes

Business trend changes through time, we call it the industrial revolution. Today, we stand on the 4th industrial revolution. Business on this era were marked with the integration to the internet.

In order to accelerate your business, makes your business go digital. Choose the most suitable platform for your business acceleration needs.

6. Insufficient funding

The other business acceleration needs is the allocation of funding. Many MSMEs actors, quit to expand their business because of the absence of business fund.

The difficulties of access loan hinder MSMEs actors to grow their business.

There are ways to gain business fund, but there won’t be any funding if you don’t have a proper financial records of your businesses as the collateral.

Tokoin could actually assist MSMEs actors in creating the proper financial records of business transactions.

By combining digital identity and digital ledger, Tokoin able to help MSMEs with a credit scoring services.

With this proper technology implementation, Tokoin facilitate the MSME to record every transaction as a set of data that can be used as their financial transparency. This technology provides MSMEs with valuable assets that helping them to embrace economic inclusion

For further information and updates, do not hesitate to contact us on;
Website: https://www.tokoin.io/
Facebook: http://bit.ly/TOKOIN
Twitter: http://bit.ly/TOKOINID
Instagram: http://bit.ly/TOKOINIG
Youtube: http://bit.ly/TOKOINSMSE
Telegram Announcement Channel: https://t.me/tokoinupdates


Industrial Revolution: Radical Change in the Industrial World, Implications to the Social Order

Tokoin.io – Since Prometheus stole the fire of knowledge from the gods on Mount Olympus and given them upon mankind, humans have not stopped fidgeting with the fire and creating striking innovations all throughout the evolution.

Including every innovation within the industrial revolution which more and more to brings people to a better life.

The first industrial revolution(18th-19th century)

The term the industrial revolution was first introduced by Friedrich Engels and Louis-Auguste Blanqui within the mid-19th century. Begin with the introduction of mechanical production facilities in the intervals of the 18th to 19th centuries in Europe.

In the early stages, the first industrial revolution was fronted by the birth of an agrarian revolution, which at this stage, the revolution was divided into two stages.

The first stages of this phase were marked by the conversion of land use functions–which were initially only devoted to–agricultural land into integrated farming and animal husbandry. Then the second stages which emphasize more on the tillage process that was antecedently traditionally done to the use of mechanical power or mechanization.

In its development, the first industrial revolution marked by two things:

  1. The emergence of mechanization of the production of goods is mostly carried out by machines.
  2. The trade sector that has moved from mercantilists to more liberal-oriented trade.

Due to the development of the industry, the centre of employment moved to the city. Large urbanization occurred in the city. The farm workers go to the city to become factory workers. Large cities also become crowded and increasingly crowded. Not a few industrial cities have sprung up in this phase.

In results, this also encourages an increase in the quantity and quality of goods production which of course increases the economy. In addition, the political sector was not left untouched by the radical changes in the industrial revolution, many policies were born related to social change in this period, including the development of liberalism.

Second industrial revolution(20th Century)

The second industrial revolution occurred in the early 20th century, 1870 to 1914 (the beginning of World War 1). This phase was triggered by a slowdown in macro discovery in the early 1800s.

The second generation of the industrial revolution marked by the birth of many technological innovations such as electricity power-plants and combustion chamber motors.   discoveries trigger the emergence of telephones, cars, aeroplanes, etc, that changed the face of the world significantly.

It can also be known as the Technological Revolution. Innovations in manufacturing and production technology enable many implementations in many technologies such as the telegraph system and rail network, gas and clean water, and sewage systems, which previously only concentrated in several cities.

In the same period, new technology systems were introduced, the most significant being electricity and telephone.

The third industrial revolution (21st century)

After electricity and telephone being introduced, third industrial most likely a consecutive vital revolution of mankind. The third industrial revolution brought mankind closer to each other, distance was no longer separates communication, manufacturing’s going digital. This part of the industrial revolution witnessed not only the rise of electronics—along with the semiconductor and microprocessor—but also the rise of telecommunications and computers.

This innovations of technology led to the assembly of miniaturized material which would open doors, most notably to space research and biotechnology. For industry, this revolution gave rise to the era of high-level automation in production, thanks to the two major inventions: robots and automatons—programmable logic controllers (PLCs)—.

Industrial revolution 4.0

This phase is the first industrial revolution rooted in the new technological phenomenon (digitalization). Its genesis was situated at the dawn of the third industrial revolution with the emergence of the internet. This era aims to connect all things in a real-time, including the mass productions.

The introductions of Cloud, Big Data Analytics, and the Industrial Internet of Things (IoT), and of course the blockchain itself.

Tokoin brings the blockchain technology to solve MSMEs problems

On this fourth industrial revolution, Tokoin brings the problems that hinder MSMEs to grow their businesses to the edge of the cliff. Through its blockchain platform, Tokoin provides the MSMEs with convenient access to solve their lack of funding problems.

As a platform that leveraging blockchain technology to establish Valid identity and reputation of MSMEs.

Tokoin’s blockchain platform record every SMEs transaction as a set of data that can be used as their financial transparency. This will become a solution that allowing TOKOIN users to build a trust-able profile with security for all stakeholders in the ecosystem.

Our approach is by combining digital identity and digital ledger to build MSMEs credit scoring services. With this proper technological implementation, we facilitate the MSME to record every transaction as a set of data that can be used as their financial transparency. This technology letting the MSMEs embrace economic inclusion.

To further information, do not hesitate to contact us on;
Website: https://www.tokoin.io/
Facebook: http://bit.ly/TOKOIN
Twitter: http://bit.ly/TOKOINID
Instagram: http://bit.ly/TOKOINIG
Youtube: http://bit.ly/TOKOINSMSE
Telegram Announcement Channel: https://t.me/tokoinupdates


Through Precise Utilization of Uses-cases, Tokoin Helps MSMEs to Embrace Financial Inclusion

Tokoin.io – Many research conducts said that most hindering growth rate of the MSMEs business was the lack of access to funding from financial institutions. Without convenient access to the source of fund, such as bank credit, MSMEs business growth will be stuck at the same level where they started.

For example, a merchant who needs to double their profit also has to double their moving capital. Usually, they increase their capital by using personal wealth or loans from their close relatives. However, the process doesn’t always give the result according to the plan. Most common things to happen is, they don’t get the exact nominal as they desire.

Accessing bank credit could help them to hinder the most common problem faced by the MSMEs. The bank is very likely to give the exact amount according to how credible your profile is. As for MSME, their credibility profile getting more credible if their business runs well from time after time.

However, what happened in reality is, MSME businesses often find it difficult to access funding from bank credit. They often get refusal when applying for a bank loan. Banks who providing 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.

Data source: Otoritas Jasa Keuangan (OJK)

There are more than 400 Million MSME in the developing country, acquiring more than 90% of the world’s businesses. However, 40% among them had difficulty in accessing business assistance from various financial institutions. They are constrained by the requirements for the credibility of the business. And it’s happened because they can’t provide a complete record of the financial transaction.

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 “meet the needs” between Tokoin’s users and partners(financial institutions, insurance, property business, etc).

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 technology has a similar function as the bank account for its transactional recording.

By thus, Tokoin facilitates MSMEs on having a better record of financial transactions, as a form of credit history, to build credibility status of their business. The transaction history of the MSME initiation is a guarantee of business feasibility to access various business solutions.

To further information, do not hesitate to contact us on;
Website: https://www.tokoin.io/
Facebook: http://bit.ly/TOKOIN
Twitter: http://bit.ly/TOKOINID
Instagram: http://bit.ly/TOKOINIG
Youtube: http://bit.ly/TOKOINSMSE
Telegram Announcement Channel: https://t.me/tokoinupdates


Providing Credibility Record, Tokoin helps Vietnam’s MSMEs to Embrace Financial Inclusion

Tokoin on Vietnam’s Roadshow

Tokoin.io – Targeting the global MSMEs sectors, Tokoin conduct a roadshow activity to several countries, one of them is Vietnam as the third country to visit. After Hong Kong and Singapore, Tokoin introduction in Vietnam also having a warm welcome.

Vietnam roadshows were held in a panel discussion and talk show format presented by two speakers from Tokoin and two guests from Vietnamese industry players.

To introduce itself, Tokoin is represented by Reiner Bonifasius Rahardja as the CEO of Tokoin, and Gun Hee Lee and Michael Park from Blockcrafters Capital, the Tokoin’s advisor.

“As a blockchain platform, Tokoin will provide the MSMEs with the digital business ID and digital ledger to record every transaction carried out by the MSMEs through its platform,” Reiner said.

Having a similar business culture as Indonesia, Vietnam industry sector also being supported with the MSMEs as it’s driving force. As one of the developing country in Asia, Vietnam has attained remarkable economic growth and sustainability. In line with the country’s economic development, Small and Medium-sized Enterprises has also experienced phenomenal growth.

Small and medium-sized enterprises play a major role in Vietnam, as the country’s economic driving force, Vietnam’s SME accounting for 98 per cent of all enterprises, 40% of GDP, and 50% of employment. The number of SMEs itself has grown by around 100,000.

However, despite having this phenomenal achievement, Vietnam’s SMEs remain weak in terms of access to many business solutions, such as funding and insurance.

Credit access becoming the major concern for Vietnam’s MSMEs. Banks providing 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.

As a person who has been involved in the MSMEs worlds before, Reiner really understands how difficult for MSMEs in accelerating its business. “There are more than 400 Million MSME in the developing country, acquiring more than 90% of the world’s businesses. For so long, MSMEs had difficulty accessing business assistance from various financial institutions. They are constrained by the requirements for the credibility of the business. And it’s happened because they can’t provide a complete record of financial transaction”.

Tokoin is able to assist Vietnamese MSMEs industry sectors to build their credible credit scoring by recording every MSMEs transaction using blockchain technology.

“By combining digital identity and digital ledger, Tokoin able to help MSMEs with a credit scoring services. With this proper technology implementation, Tokoin facilitate the MSME to record every transaction as a set of data that can be used as their financial transparency. This technology provides MSMEs with valuable assets that helping them to embrace economic inclusion.” Michael Park added.

For further information and updates, do not hesitate to contact us on;
Website: https://www.tokoin.io/
Facebook: http://bit.ly/TOKOIN
Twitter: http://bit.ly/TOKOINID
Instagram: http://bit.ly/TOKOINIG
Youtube: http://bit.ly/TOKOINSMSE
Telegram Announcement Channel: https://t.me/tokoinupdates

Holding an Exclusive Meetup and Participating at Token 2049, Tokoin’s Introduction Received Positive Responses on Hong Kong

Tokoin.io – In 2019, Asia has taken the position of being the centre of innovation for blockchain and crypto. There are more blockchain projects are popping up and more and more countries become a hotbed for blockchain innovation and adoption, such as Korea, Singapore and China.

Engaging the international market, Tokoin visits various countries in the Global Roadshow agenda to introduce itself and build networks in the wider blockchain industrial ecosystem.

The first to visit in Hong Kong by holding an exclusive meet-up, and took part in the 2019 Asia Crypto Week, especially at the Token 2049 event to meet and build networking with industry players from various countries.

Tokoin’s exclusive meet up attended by around 40 people consisting of major blockchain industry players including Ian Sullivan, blockchain experts and start-up advisors and c-levels and The CryptoFund, Tokoin’s introduction received a very positive response from the public.

Tony Tan, New Century Global Center and the Token 2049’s sponsorship said that, “Tokoin has a very good business model and an ecosystem that is also very potential to develop. China also has a similar project, but in Indonesia, with a prediction of the business climate, the Tokoin project can develop more profitably.”

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 “meet the needs” between Tokoin’s users and partners. As a platform that leveraging blockchain technology to establish Valid identity and reputation of MSMEs.

By using blockchain, Tokoin implements encryption that enables the system to transact faster but also secure. We offer a solution that allowing MSMEs to build a trust-able profile as a reputable credit scoring with security to access business solutions, such as: funding, property credit, and business insurance.

To further information, do not hesitate to contact us on;
Website: https://www.tokoin.io/
Facebook: http://bit.ly/TOKOIN
Twitter: http://bit.ly/TOKOINID
Instagram: http://bit.ly/TOKOINIG
Youtube: http://bit.ly/TOKOINSMSE
Telegram Announcement Channel: https://t.me/tokoinupdates



Visiting Singapore, Tokoin Meets the Needs of Singapore’s SMEs Sectors

Tokoin.io – As one of the leading economies for the global market, especially in Asia, Singapore industries are also driven by the small and medium-sized enterprises. The rising and powerful Singapore’s economy accounted for 2.1% of unemployment and per capita GDP of nearly S$53.000, this remarkable economic growth powered by the small and medium-sized enterprises, which make up to 99% of all enterprises and an employment rate of 65% of all workers in Singapore.

During Tokoin’s March roadshow, Singapore was chosen to be the continuity of 2019 Tokoin’s global roadshow. After Hong Kong, Tokoin met Singapore’s industrial community to introduce Tokoin project. Tokoin held the meet up with the Singapore’s business leader and took part on the Money20/20 Asia.

To be the center of attention, Asia become the region where blockchain and business growth flourished. As of the industry and blockchain both meets the needs of each other, many sectors in emerging countries implement blockchain as it’s groundworks of its platform. One of them is the Singapore’s business sectors.

Singapore’s meet up

Singapore who also be driven by the SMEs sectors are positively welcome the introduction of Tokoin.

Eddy Ng, Tokoin’s Head of Business Development take the role as Tokoin’s representative in Singapore’s roadshow said that, “we believe, Tokoin could assist Singapore’s SMEs sector with our business model”.

He also explain in regards of Tokoin’s products and use cases which are suitable for SMEs to embrace themselves to financial inclusion.

“We provide SMEs the digital business id and digital ledger. This technology will assist Tokoin’s user to record their transactional data as their credit score to access many business solutions, such as; funding, insurance, property credit”.

Introducing the business model and the big picture of Tokoin business ecosystem, this event received a very positive response from the public, accounted for about 80’s attendees with the field concentration of business expertise, blockchain industry expertise, bankers, and the SMEs representatives itself.

Not only the exclusive meetup, Tokoin also took part on the Money20/20 Asia. Attended to this event, Tokoin meet and build networking agenda with various industry players from many countries.

Tokoin Visit Vietnam as the Third Country on Global Roadshow

Tokoin.io – Willing to support MSMEs to get the easier access to accelerate their businesses, Tokoin conducts roadshows to several cities and countries which have an emerging market characteristics throughout Asia. After Indonesia, Hong Kong, and Singapore, today Tokoin’s team visit Vietnam.

As one of the developing country in Asia, Vietnam has attained remarkable economic growth and sustainability. In line with the country’s economic development, the Small and Medium-sized Enterprises has also experienced phenomenal growth.

Small and medium-sized enterprises play a major role in Vietnam, as the country’s economic driving force, Vietnam’s SME accounting for 98 percent of all enterprises, 40 percent of GDP, and 50 percent of employment. The number of SMEs itself has grown by around 100,000 in 2016.

However, despite having this phenomenal achievement, Vietnam’s SMEs remain weak in terms of internal and external networking, competitiveness, innovativeness, human resource, and readiness to globalization.

Apart from the SMEs low starting points, these shortcomings and weaknesses have been largely due to the prolonged discrimination against private sector access to capital or credit and land, lack of a pro-private and competitive business environment, and poor quality of human resource and business support development services.

SMEs continue to face problems such as access to finance, market access, and competition with foreign firms.

Like the common problems which MSMEs face in many countries, credit access is a major concern for the Vietnamese SMEs. Banks providing commercial loans prefer to allocate their resources to larger firms rather than SMEs. 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.

The other is the market access and supply chain problems. As of 2017, only 21 percent of Vietnamese SMEs are linked with global supply chains, much lower than 30 percent and 46 percent in Thailand and Malaysia respectively. Integrating further with global supply chains in terms of procurement, operations, and sales will allow firms to manage competition, reduce risks, and reduce production costs, which currently is 20 percent higher than those of neighboring countries, such as Thailand and China.

Those problems made SMEs even harder to compete with larger firms; Most of it doesn`t even manage to survive during their first five years.

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.

Tokoin’s blockchain platform record every transaction as a set of data that can be used as their financial transparency. This will become a solution that allowing Tokoin users to build a trust-able profile with security for all stakeholders in the ecosystem.

Our approach is by combining digital identity and digital ledger to build credit scoring services. With this proper technological implementation, we facilitate the MSMEs to record every transaction as a set of data that can be used as they financial transparency.

The idea is to bring prosperity to MSMEs. On this modern business ecosystem, Tokoin allows the MSMEs on having the financial records as similar as with the bank. Every transaction that is initiated through Tokoin’s platform is accurately recorded with timestamps.

To further information, do not hesitate to contact us on;
Website: https://www.tokoin.io/
Facebook: http://bit.ly/TOKOIN
Twitter: http://bit.ly/TOKOINID
Instagram: http://bit.ly/TOKOINIG
Youtube: http://bit.ly/TOKOINSMSE
Telegram Announcement Channel: https://t.me/tokoinupdates

Colaborating With PasarPolis, Tokoin Provide Convenience Access to Insurance

Tokoin.io – Awareness of using insurance is quite high. Since its introduction, many people have been interested in insuring their ownership. The best-selling insurance product on the market, is definitely the life insurance. There are many products available from the insurance industry, such as property insurance or business insurance.

As for business, insure their assets are as important as gaining revenues for their business continuity. That is why Tokoin made partnership with PasarPolis, the first insurance  online channel in Indonesia.

Aims to provide convenience for their user in choosing protection solutions, PasarPolis is an insurance marketplace who has established in 2015. To facilitate their users with a suitable insurance product, PasarPolis doing partnership with many insurance company to provide choices of protection for their users.

As a tech startup company that maximizes the use of technology and data in providing insurance. PasarPolis offers six categories of insurance: travel, personal accident, property, health, life, and motorized vehicles.

PasarPolis.com is also supported by a team of insurance specialists who can help their customers to register, compare, claim, or answer other questions. With PasarPolis.com choosing and buying insurance is very simple and fast.

Now, there are 100 insurance products from around 30 insurance companies that you can get on the PasarPolis platform.

Not only to become an aggregator between insurance companies and its prospective customers, PasarPolis has also developed innovations for instant claims and digital claims.

The difference between the two is that the instant claim applies when the policyholder no longer needs to file a claim. While for digital claim is a condition when the policyholder can process the administration of claim documents online. As simple as sending an email can later be processed directly by the insurance.

Tokoin knew that insurance are one of the necessity needed by the MSME to accelerate their business. Convenience access to obtain insurance will ensure their business continuity.

As a platform that leveraging blockchain technology to establish Valid identity and reputation of MSMEs. By offering a solution that allowing TOKOIN users to build a trust-able profile with security for all stakeholders in the ecosystem.

Our approach is by enabling the blockchain technology on our platform, combining digital identity and digital ledger to build MSMEs credit scoring services. With this proper technological implementation, we facilitate the MSME sector to embrace economic inclusion.

The idea is to bring prosperity to MSMEs. On this modern business ecosystem, Tokoin allows the MSMEs on having the financial records as similar as with the bank. Every transaction that is initiated through Tokoin’s platform is accurately recorded with timestamps.

To further information, do not hesitate to contact us on;
Website: https://www.tokoin.io/
Facebook: http://bit.ly/TOKOIN
Twitter: http://bit.ly/TOKOINID
Instagram: http://bit.ly/TOKOINIG
Youtube: http://bit.ly/TOKOINSMSE
Telegram Announcement Channel: https://t.me/tokoinupdates

Next Stop, Tokoin Visit Singapore on Global Roadshow

Tokoin.io – After Hong Kong industrial sectors, Tokoin’s global roadshow meet its second checkpoint at Singapore. Becoming the major financial hub in Asia Pacific region, Singapore has a long earned reputation as one of the world’s most advanced economies.

In 2017, Singapore was ranked as the world’s second most open economy by the Heritage Foundation’s Index Economic Freedom. as well as the world’s second most pro-business regime by the World Bank’s Doing Business report. Today, Singapore economy is one of the most stable in the world, high government revenue and a consistently positive surplus.

To be said the most stable in the world, Singapore largest industry who drive its economy by far is the manufacturing sector.

Close to the Singapore’s manufacturing industry, it’s the financial industry services industry that are also making a significant contributions to the country’s economy. Becomes the second largest industry of Singapore, financial services industry grow comfortably due to Singapore’s pro-business environment and political stability.

Besides it’s two economic pillars, Singapore also mainly driven by tourism, exports industry, and the world’s busiest cargo seaport.

However, Singapore’s strong economic environment which are led by the big entreprises leave a hidden issue. Tougher competition who killed small businesses’ growth. Although SMEs become one of the Singapore’s economic driving force, conquering the market is another thing.

With so many SMEs on the rise and so many competitors for a particular industry, everybody wants a slice of the pie of the economy. This has made it hard for an SME to be successful in conquering the Singaporean market. Expanding the market become even harder to accomplish.

Shortage to funds, slow economic growth, high property rental, Increased production cost, Banking/credit access, and adapting and utilising technology.

Tokoin tend to breakdown the challenge need to face by the small industries. Becoming the bridges for the SMEs in accessing financial services Tokoin aims to help SME to accelerate their business.

Most SMEs lacks the access to funding that allows them to expansion opportunities. According to a study from the World Bank, there are around 200–245 million of SMEs from the formal and informal sector that couldn’t earn business loan.

Within the convenience access to business loan, problems that strains SMEs to grow, such as mentioned above will meets its ‘goodbye’. By utilizing Tokoin’s blockchain technology infrastructure to make a structured, compiled record of their data as a valuable asset.

In Tokoin, information from SME will be validated as the asset who contained values. Asset valuation become the solution for SME to access the bank or credit solutions as the form of credit scoring.

To further information, do not hesitate to contact us on;
Website: https://www.tokoin.io/
Facebook: http://bit.ly/TOKOIN
Twitter: http://bit.ly/TOKOINID
Instagram: http://bit.ly/TOKOINIG
Youtube: http://bit.ly/TOKOINSMSE
Telegram Announcement Channel: https://t.me/tokoinupdates

Tokoin to Support the MSME’s Acceleration of Hong Kong Trading and Tourism Industry

Tokoin.io visiting Hong Kong as our first global roadshow to introduce Tokoin Platform. Hong Kong as one of the world’s leading international financial centres, Hong Kong’s service-oriented economy is characterized by its low taxation, almost free port trade and well established international financial market.

Hong Kong global trading flourished as they supported with the convenient supply chain industry, the shipping and logistics type of business. The fact was proven by the late 20th century, Hong Kong was the seventh largest port in the world and second only to New York and Rotterdam in terms of container throughput.

Not only well known for its trading industry Hong Kong also popular for its tourism industry. The tourism industry is one of the major pillars of the economy of Hong Kong.

In 2016, it contributed to around 5% of Hong Kong’s GDP and employed around 258.900 persons, accounting for about 7% of total employment. In 2017, total visitor arrivals rebounded by 3.2% over 2016 to 58.5 million, of which overnight arrivals rose by 5.0%. The Mainland continued to be the largest source market of Hong Kong, accounting for around 76% of our visitors. The total number of visitors rose further by 9.6% in the first quarter of 2018 over the same period in 2017, mainly bolstered by a 12.6% growth in Mainland arrivals.

Tokoin aims to support the industrial sector with the targeted utilization of its use-cases. As for Hong Kong, the logistics and property use-cases. The MSMEs who often find, it is difficult to grow the business because of the difficulty of expanding by opening a new branch, or for the business people who have the needs for convenient access to their supply chain business needs.

Tokoin can bring together for a convenient “meets the needs” between users and partners. As for the easy access to growing business through expansion, we can help you to generate the credibility of a valuable data record as your collateral.

As a platform that leveraging blockchain technology to establish Valid identity and reputation of MSMEs. We offer a solution that allowing TOKOIN users to build a trust-able profile with security for all stakeholders in the ecosystem.

In the world of MSMEs, there is one complex question that can`t be solved by the current system. Because of the needs of the transaction data capture, causing a roadblock in the MSMEs system itself. By leveraging Blockchain that emphasizing the decentralized capability to incentivize users who contribute to the network, by providing correct data is where TOKOIN roles play.

The replication multitude of transactions could be made within minutes and yet guarantee. Data integrity needed by the MSMEs. So they could leverage their business in a sustainable way.

By using blockchain it also means TOKOIN implement encryption that enables the system to transact faster but also secure.

Tokoin carries missions to help MSMEs to; built a trusted profile with integrity, providing virtual ledger for each users transaction, lower financial inclusion barriers, and increasing economic capability of the whole MSMEs ecosystem.

Website https://www.tokoin.io/

Facebook http://bit.ly/TOKOIN

Twitter http://bit.ly/TOKOINID

Instagram http://bit.ly/TOKOINIG

Youtube http://bit.ly/TOKOINSMSE

Telegram Announcement Channel https://t.me/tokoinupdates