Exclusive Meet-up and Token 2049: Tokoin Receives Positive Responses in Hong Kong

Tokoin.io – For 2019, Asia has been acclaimed as the center of innovation for blockchain and crypto. This is indicated by the growing number of blockchain projects in Asian countries, such as Korea, Singapore, and China, making the region a hotbed of blockchain innovation and adoption.

To expand outreach in the international market, Tokoin visited various countries following the Global Roadshow agenda to introduce itself and establish networks in the wider blockchain industrial ecosystem.

The first visit was to Hong Kong, in which Tokoin’s team held an exclusive meet-up and took part in the 2019 Asia Crypto Week. In the Token 2049 event, Tokoin built its presence and built networks with industry players from overseas countries.

Tokoin’s exclusive meet-up was attended by around 40 people who are major blockchain industry players, including Ian Sullivan, a blockchain expert and start-up advisor, as well as c-level audiences and the representatives from CryptoFund.

Tony Tan from the New Century Global Center and the Token 2049’s sponsor remarked, “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.”

Aiming to support the industrial sector with targeted utilization of its use cases, Tokoin carries the mission to help MSMEs which often find it difficult to grow their business. Tokoin brings together the convenient ‘meet-the-needs’ concept between Tokoin’s users and its partners. It serves as a platform which optimizes blockchain technology to establish a valid identity for and reputation of MSMEs.

By using blockchain, Tokoin implements encryption that enables the system to process transactions faster but also in a more secure manner. It offers solutions that allow MSMEs to build a reliable profile as a reputable credit scoring with guaranteed security to access business solutions, such as funding, property credit, and business insurance.

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Tokoin Visit Vietnam as the Third Country on Global Roadshow

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

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The Path to MSMEs’ Transformation

Tokoin.io – Technology is a tool for SMEs to seize bigger opportunities to accelerate their business. The blockchain is a technology that can assist business transformation. To fully embrace the technology-driven transformation, businesses must be willing to learn and adapt to this change and keep with the revolutionary process. In the blockchain network, a business ecosystem will be built based on decentralized governance principles to ensure that all of the business participants will engage in a secure, efficient, and transparent business process.

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Interrelationship in a Healthy B2B Ecosystem

Tokoin.io – To support smooth flows in a business model, a proper ecosystem is needed. Related to this, a B2B ecosystem constitutes an order of arrangement to convey the experience of distributing values from one participant to another. Each participant holds a determining role in order to keep the ecosystem fruitful to every business involved.

Iansiti and Levien (2004) compared a business ecosystem to a biological ecosystem and maintained that:

“…a biological ecosystem provides a powerful analogy for understanding a business network. And like business network participants, biological species in ecosystems share their fate with each other. If the ecosystem is healthy, individual species thrive. If the ecosystem is unhealthy, individual species suffer deeply. And as with business ecosystems, reversals in overall ecosystem health can happen very quickly.”

(Iansiti & Levien 2004, 8–9)

Analogous to a biological ecosystem, a B2B ecosystem works by involving two-way interactions between all participants in an environment in favor of mutual growth and evolution of populations in the forms of commensalism, competition, and mutualism. The concept of a healthy ecosystem is outlined by the contribution of every main organism involved. The roles of the organisms as the main partakers can be seen as a supply chain from one end to another. Manufacturers as producers in the upstream provide their goods to resellers in the downstream without any destabilizing interruption in pricing and market overview. By excluding sales intermediaries and individual buyers, the supply chain goes directly from upstream to downstream through efficient data distribution and a precise targeting on a methodical platform.

The interaction forms a mutual relationship since the resellers, as business buyers, need the lowest prices possible and manufacturers desire to know the actual market situations prior to product innovation and development. The mutual needs can be fulfilled in a well-ordered manner of data provision. The adaptation of blockchain technology in a B2B ecosystem is seen as an applicable solution to disrupt the traditional supply chain which typically includes layers of intermediaries. Resellers can quote directly to the producers to get the lowest prices, simultaneously generating real-time and actual data pertaining to the market overview producers.

Implementing the above system on a marketplace, Tokoin provides the shortest way for business participants to connect without layers of intermediaries. In order to build an ecosystem consisting of valuable assets, Tokoin is developing a blockchain-powered platform to equip every participant with security in every transaction and a more trustworthy relationship, resulting in a valuable partnership between partakers.

The blockchain platform enables data exchange in a decentralized manner. There is no central entity collecting data. Instead, data will be securely and immutably stored, eliminating any kind of data abuse and manipulation, as well as creating an ecosystem of organisms that are linked together in a mutual way. Concurrently, new generations of business customers are conditioned to emerge on the platform.

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