Tokoin.io – Technology brings industries closer to their market. The utilization of technology helps industry players to thrive better than what they could get during the previous industrial revolution with more benefits offered. One of the examples of technology being implemented for industrial purposes is the blockchain.
In Tokoin, blockchain is applied to assist MSMEs in establishing proper digital records to be granted access to business solutions, such as funding from banks and other financial institutions. Tokoin supports MSMEs in building their credit scoring and business profile to help them gain a reputation.
As part of the Global Roadshow, Tokoin paid a visit to Korea, represented by Reiner Rahardja, the CEO and co-founder of Tokoin, and Gunhee Lee, the advisor to Tokoin.
“To introduce the platform, we conduct a series of roadshows, visiting some countries with huge growing economic potential. So far we have visited Indonesia, Hong Kong, Singapore, Vietnam, Dubai, and Korea,”Reiner Rahardja
He further stated the reason behind Tokoin’s choosing MSMEs and emerging countries as the target market is because “MSME is one of the biggest economic driving forces in the emerging market. For instance, Indonesia’s MSMEs contribute 60.3% of revenue to the Gross Domestic Product (GDP) and 97% of the national labor”.
With mushrooming businesses, MSMEs have become a vital sector backing up the GDP of developing countries. Particularly in Indonesia, MSMEs play an important role in accelerating the nation’s economy with more than 400 million running businesses. However, despite their significant contribution, problems which they encounter persist.
Tokoin comes up with solutions to ease the burden of the MSMEs. By utilizing blockchain technology, they can store properly transaction records and build credibility status to access various business solutions. This way, they will be able to monetize the rewarded tokens from valuable data they put in on Tokoin platform. This will be carried out properly alongside business partners from financial institutions who share the same vision of accelerating MSME development.
In the Korean meet-up, Tokoin shared not only its vision but also the project’s purpose to the audience from all around the globe, including blockchain enthusiasts, practitioners, executives, and also prospective investors. Nearing the Public Sale phase, Tokoin’s participation in this event is a strategic move to draw global attention and establish the presence of Tokoin to the public.