Tokoin in Bloconomic 2019 – Following the success of the Flash Sale, Tokoin is intensively in preparation for the Public Sale phase, as well as concurrently running the global roadshow. On Thursday (25/4/19), Tokoin took part in the Bloconomic Excellence Award 2019 held in Kuala Lumpur, Malaysia. In fact, Malaysia is one of the countries where Tokoin aspires to build a solid community base to reach bigger successes in its public sale phase.

In that event, Tokoin elaborated and presented the importance and purpose of its project to blockchain enthusiasts, practitioners, executives, and prospective investors. Tokoin also aimed to build partnerships and gain contribution on the global scale by showing and telling the world how eager Tokoin is to accelerate MSMEs in the global scheme. Moving towards the Public Sale phase, participating in this event can be a strategic way to draw international attention and reveal the presence of Tokoin to the public.

Tokoin realizes that there are many sectors concerned about MSMEs’ acceleration. Therefore, Tokoin is committed to creating a business ecosystem that allows the prevailing institutions to provide their financial and business services for MSMEs as Tokoin’s partners. Addressing the current barriers to economic inclusion, Tokoin will equip the unbanked and unbankable MSMEs with a technological approach as the solution.

Designed to be a blockchain-based platform for micro, small, and medium enterprises (MSMEs), Tokoin facilitates MSME partners in establishing a credible business identity and an excellent business reputation, which secures their credibility scoring. The adoption of blockchain technology is deemed appropriate, given the options it offers for data processing and distribution. With secure, immutable, and trusted records in blockchain, MSMEs will get better in keeping KYC, records, and store’s business transactions. The KYC data will be compiled efficiently and permanently as a Digital Business Identity. Moreover, to advance the Digital Business ID, Tokoin will enable MSMEs to record and store business transactions in the blockchain network in a Digital Ledger which contains their information data, creating valuable assets.

The expected outcome is good credibility scoring for MSMEs to be considered competent to comply with the requirements for loan credit, property credit, and other business services that are suitable for their business operations.

By playing that important role, Tokoin believes that MSMEs will have more access to more prosperous economic opportunities. MSME businesses can then nourish, creating more job opportunities and narrowing financial gaps, which in the long run can improve society’s quality of life.

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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.