Tokoin in Bloconomic 2019

Tokoin.io – After the success of the Flash Sale we are still intensively making preparation for our public sale phase. The global roadshow is still running as the part of it. Yesterday, on Thursday (25/4/19) Tokoin was a part of the Bloconomic Excellence Award 2019 held in Kuala lumpur Malaysia. In Malaysia, Tokoin aspires to build a solid community base to reach for bigger success in its public sale phase.

Especially in this event, Tokoin would like to articulate the importance and purpose of this project to blockchain enthusiasts, practitioners, executives and investors. We also aimed to build a partnership and gain contribution on the global scale by show-and-telling the world about the eagerness of Tokoin to accelerate the MSME in the global scheme.

Tokoin will also convey its true aspiration to assist the MSME accelerating in the emerging market. Addressing the current barrier of economic inclusion, Tokoin will allow the unbanked and unbankable MSME with a technological approach to the solution. Tokoin would like to articulate the project purpose to global audiences from all over the globe, including blockchain enthusiasts, practitioners and executives and also, prospective investors. Moving towards the Public Sale phase, participating in this event is also a strategic way to draw attention and spreading the presence of Tokoin to the public.

Designed to be a blockchain-based platform for Micro, Small & Medium Enterprises (MSME), Tokoin facilitates partner MSME in establishing a credible business identity and excellent business reputation that secures their credibility scoring. With the security, immutability and trusted records in blockchain, MSME will be able to better run KYC and record & store business transactions in a digital ledger creating a valuable business asset.

Tokoin realizes that there are many sectors that are concerned with the MSME acceleration. Therefore, Tokoin also committed to create the business ecosystem that allows the prevailing institutions to provide their financial and business services for the MSME, as Tokoin partners.

Tokoin will facilitate MSME in establishing a valid business identity and good business reputation based on the credibility scoring. The adoption of blockchain technology will be appropriate as the data processing and distributions. With the security, immutability and trusted record in blockchain, MSME will be able to run the KYC efficiently and Tokoin will compile the KYC data permanently as the Digital Business Identity. Moreover, to advance the Digital Business ID, Tokoin will also provide the service for the MSME to record and store their business transaction in the blockchain network, as Digital Ledger which contain their data information as a valuable asset.

Those are the two main services from Tokoin, the Digital Business Identity and Digital Ledger that create the credibility scoring for the MSME. Thus in the aftermath, MSME with good credibility scoring are competent to comply with the requirements of loan credit, property credit, and other business services that are suitable for their business operation.

By taking this important role, Tokoin believes that the MSME will have more access to a richer and more prosperous economic opportunity. The business of MSME will increase, creating more job opportunities and narrowing the financial gap. Subsequently, the people’s quality of life will improve simultaneously.

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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