Tokoin an indispensable tool in in the growth of small and medium scale enterprises.
Introduction.
Its glaring that globally small and medium enterprises has continue to encounter enormous pressure in growth owning to limited customer data base, poor know how among a host of many other challenges. Today i will introduce us to a panacea which will ameliorate this hurdle and abate the effect hollistically. This is to provide a partnership business platform and Provide growth opportunities for MSME by bringing business partnership where companies can improve their business activities, achieve their business goals and create a worldwide reliable relationship.
Tokoin
Tokoin provide a platform to build valuable partnership which will bring you into the engaging ecosystem consists of collectible business profiles profitable for business expansion. We are committed to helping companies and users create reliable, valuable and decentralized B2B partnership and connections. Tokoin will help businesses expand their customer data base and improve their profitability. The market potential is enormous and tokoin early adopters can benefit immensely by backing up the platform in the token generation event.
All data listed in the Blockchain is publicly available, ensuring transparency and reputation. Through the use of smart contracts, Tokoin ensures the transparency of products and services by providing correct information and monitoring the status of ongoing processes. Partners will be absolutely confident about secure delivery, quality and payment transactions.
Current Challenges
There is no need denying that Micro, Small, and Medium Enterprises (MSME) are one of the most robust business variations in the world. Ideally, they have more participants and generate higher revenues than traditional/paid employments.
Despite the upsides in the industry, the operators find it hard to make much impact in the highly competitive business environment. MSMEs are either facing a monopoly from more prominent brands or have limited capital to operate. The latter (insufficient capital) is one of the most pressing needs.
That informs the reason why Tokoin was launched as a decentralized platform that empowers Micro, Small, and Medium Enterprises (MSMEs) to get needed funds to operate on the broader business climes.
The Features of the Tokoin Blockchain Platform
Let’s now look at the propositions of this project with regards to boosting the financial fortunes of small-scale businesses.
Strengthening the Digital Profiles of Each Business:
Its’ worthy of note that the Tokoin platform is hinged on blockchain translates to transparent deals. Hence, the first step is to increase the influence of each enterprise that opted to use its network. The move is in tandem with the proposition to increase the legibility of a business. Through this approach, it hopes to boost the profiles of participating enterprise. That, in turn, helps lenders to have confidence that they’re dealing with the right enterprise.
Strategic Partnerships: The use of blockchain is one boisterous move by Tokoin to boost its trustworthiness. It is not only about the platform. It is mainly about the end-users – MSME operators/owners. The strategic partnerships embarked on by Tokoin empower small-scale enterprises to gain fiat access to likely investors that would be willing to fund their projects. The approach is feasible and more transparent than the fragments in the conventional setting where investors are scared of backing the wrong horse. Instead, the robust architecture and the transparency of the Tokoin blockchain endear investors to any small-scale MSME project that indicates a need for help/investment.
Interrelationships – The Lifeline of the Tokoin Blockchain
Tokoin wouldn’t go about soliciting information from participants, particularly MSMEs. Hence, it devised a seamless to achieve that. It has a Digital Ledger that oversees the collection, computation, and delegation of users’ data for the overall use of the ecosystem participants.
Ideally, the data collection process commences from the Know-Your-Customer (KYC) registration, through the business transactions of each MSME and down to the cash flow and sales. The procedure is meant to help the platform (Tokoin) gain insight into the activities of the small-scale businesses. Armed with this, Tokoin then proceeds to compute the gathered information (data) before redistributing it across the ecosystem. That is a positive approach to ensuring the transparency of transactions within the ecosystem.
Conclusion.
Its glaring that there is no controversy as to finance and reliability being the soul of every business. Its a thing of joy as i introduce us to this superb and decentralized platform that will eventually afford economy, functionality and aesthetics.
Website: https://www.tokoin.io/
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