Tokoin.io – Asia has become a center of attention as a region where blockchain and business growth flourish hand-in-hand. Since the industry and blockchain meet the needs of each other, many sectors in emerging countries implement blockchain as the groundwork for their platforms, and these include Singapore’s business sectors.
As one of the leading economies in the global market, especially in Asia, Singapore is driven by small and medium-sized enterprises. The rising and powerful Singapore’s economy resulted in only 2.1% unemployment rate and per capita GDP of nearly S$53.000. This remarkable economic growth is powered by small and medium-sized enterprises, which make up to 99% of all enterprises and an employment rate of 65% of all workers in Singapore.
Therefore, during Tokoin’s roadshow in March, Singapore was chosen to be included in the 2019 Global Roadshow after Hong Kong. Tokoin introduced its project to Singapore’s industrial community by sitting down with Singaporean business leaders and participating in the Money20/20 Asia.
Singapore, which is largely driven by the SMEs sector, positively welcomed the introduction of Tokoin.
Eddy Ng, Tokoin’s Head of Business Development, represented Tokoin during the roadshow in Singapore and said, “We believe that Tokoin could assist Singapore’s SMEs sector with our business model”.
He also explained Tokoin’s products and use cases which are suitable for SMEs to embrace in achieving financial inclusion. “We provide SMEs a digital business ID and digital ledger. This technology will assist Tokoin’s users to record their transactional data as credit scores. The end is for them to be able to access many business solutions, such as funding, insurance, and property credit,” he added.
The introduction to Tokoin’s business model and ecosystem was met with positive responses from the public, with about 80 attendees who are business and blockchain industry experts, bankers, and representatives of SMEs.
In addition to the exclusive meet-up, Tokoin attended the Money20/20 Asia to meet and build networks with various industry players from many countries.
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