WITH TOKOIN, THE MSME ECOSYSTEM IS ENHANCED AND SECURED

emmy92 (42)in #blockchain • 5 years ago

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Today I came across a project which I see fit or rather deem appropriate to share with you all both within and outside the crypto space, but before I get started its wise giving reference to the foundation on which this project is based on. This project is based online thus on the internet.

In the world today, there have been several technological advances of which I can say the internet tends to be the foundation on which these or rather majority were built on. Therefore taking a good look at the world a few years ago (maybe 30 years ago) one can see there has been massive technological growth ranging from AI, machine learning and now blockchain technology.
Of all these technologies, blockchain has been the trending in this few years owing to how it was built and what it brought to the world at large. With blockchain technology, there has been a new way to see money, in this case, a digital currency which can be used to carry out various transactions online be it for payment of goods and services or otherwise. Also, apart from blockchain making cryptocurrency possible, it also paves way for other amazing things or features such as decentralization where data of every user in any blockchain platform is secured.
Therefore with all the opportunities made possible by blockchain technology, a team of experts finds it worthwhile to build a blockchain platform which will enhance the MSMEs (Micro, Small and Medium Enterprises) ecosystem; this blockchain platform is known as TOKOIN.

Just like every platform in the world, there has to be a unique problem which when solved will keep a particular platform valuable for years, therefore in the case of TOKOIN, why do the MSMEs need it?

A study carried out has shown that a good number of MSMEs present in the world today lacks the capability to partake in what the economy of the country they are based in offers, which is seen in low order volume. The end result of this is, the cost of production and transactions growing with little or no profit.
Also, there is a saying that humans are hard to be trusted, thus another study shows that most MSMEs gets entangled in this lack of trust scenario thereby lacking the necessary support be it from banks, users etc to help them grow.
Another issue which plagues the MSMEs ecosystem is lack of capital or funds to boost their business thus making them lose more with each passing day.

A careful look at this shows that this is what is happening in various countries today and if not taken care of will surly keeps affecting the country's economy.
Thus one can say that with Tokoin solving this issue means that, it has a very good use case.

WHY TOKOIN IS THE WAY OUT

In order to achieve almost everything in life, there is a need to set goals and objectives first, thus in the case of Tokoin, it isn't an exemption. Tokoin is a blockchain platform built by a team with the necessary experience thus having the goal of ensuring trust in all data exchanges taking place in the MSMEs ecosystem so as to help them grow as appropriate while contributing to the long term sustainability of their country.

Tokoin is the way out for MSMEs owing to the fact it offers a path to an opportunity that will lead to MSMEs having a trustworthy and reliable profile that will help them in all endeavours. Tokoin achieves this by collecting non-financial data of MSMEs thus transforming it into a Digital Business ID with the aid of blockchain technology.
In the same way, since trust is one of the issues found wanting in MSMEs ecosystem, Tokoin believes that by first giving MSMEs the opportunity to have or build a reputable profile will make the banks, customers, suppliers etc to trust them; to make this possible, all these services providers will be granted access to the profiles of verified and authenticated network of MSMEs. Service providers won't need to worry about data manipulation as it with blockchain all recorded data will immutable.

Furthermore, in addition to trust, there is another factor which must be met before service providers such as banks will grant funds to MSMEs and this is the issue of credibility. Thus, with the aid of blockchain where MSMEs will have a trusted and confirmed Digital Business ID, banks will be able to see them trustworthy for funding.

TOKOIN IS A SUCCESS

Like earlier stated, blockchain technology offers a lot in this world of which one is immutability of any stored data. Tokoin believes in the power of blockchain thus leveraging it to verify all data made up business transactions, this verified and stored data is then used as a yardstick in building a reputable business profile for MSMEs.
It is worthy to note that this reputation built by Tokoin via blockchain will encompass buying behaviour etc, thus by achieving this, Tokoin will offer MSMEs a valuable asset in the form of Digital Business ID which they can use to gain the needed support.

Important Information
As a path to success, Tokoin is launching a token sale which can be called an IEO (Initial Exchange Offering) being promoted by KuCoin exchange. Tokoin IEO will take place on 23rd August 2019 and all necessary information needed for participation can be found in the link below;
https://www.kucoin.com/news/en-kucoin-spotlight-will-launch-tokoin-toko-on-august-23