TOKOIN :- TRANSFORMING MSMEs WITH BLOCKCHAIN TECHNOLOGY
Tokoin is a project that sees the potentials in micro, small and medium enterprises, thereby rising up to get rid of some of the issues they face in the world today. The world has a whole lot of MSME with good potential, that needs a platform to help them achieve the expansion they want. Tokoin is the project that has provided the platform for MSME to expand as much as their business can take them. To achieve this, Tokoin as a projects needs to have several partnerships if they are to be useful to the MSMEs who will sign up on their platform . And these partnerships are being bagged steadily by the Tokoin platform as their number of partnerships continue to increase.
Currently Tokoin has partnered with the following projects
• SHUTTLEONE
• INFINITO
• BIFROST
• SUPER-BODY INSTITUTION IN INDONESIA
• PASARPOLIS AND SAHABAT UMKM
• TOMOCHAIN
These are important partnerships that will ensure that the Tokoin project can meet up with its goal of helping MSMEs attains greater heights.
The Tokoin platform collects business related data from businesses registered on their profile, using that data to verify the businesses and build their reputation.
TYPES OF USERS ON THE TOKOIN PLATFORM
On the Tokoin platform, there are basically two types of users namely ;
• The Partners
• The Users
The partners are those who sign up on the platform in order to obtain information on businesses available on the platform. And they are able to obtain these information by stacking toko tokens. The information partners get enables them to verify the viability of a business, and later on, influence their choice to invest in the business or partner with the business
The Users
These are businesses who are in the need of proper profiling and reputation, and are fully aware that it can be easily attained on the Tokoin platform. They sign up and give business based information to the Tokoin platform. The platform thereafter verifies the credibility of those transactions and data recorded, and with the toko token, they are able to increase their credibility score, which in turn brings reputation to their businesses.
Those are basically the two main users of the Tokoin platform, and they need each other for either of them to excel, which makes it a win win situation both for the Tokoin platform, the Partners, and the users(MSMEs).
FEATURES OF THE TOKOIN PLATFORM INCLUDES
• Business Profile :- This is a section of the plaform where business profiles of businesses can be seen and studied. Business records or transactions of MSMEs are recored and stored in a distributed ledger. The process is completely decentralized as no one stores the data on a centralized storage.
PART OF THE BUSINESS PROFILE
This is includes
- The Section where brands or service providers can see the profile of the MSME
- The section where brand or service providers can view the reputation of the MSME it is boldly displayed
- The section where transaction history of the MSME is displayed live
- The section where service providers can see affiliate networks of the MSME
• Digital Ledger :- This is where all information or data is stored in a digital and decentralized manner, to keep it safe and away from anyone’s control
• The toko Token :- This is the digital asset that is native the tokoin platform, it is a token that leverages on the ethereum blockchain and can be traded currently across exchanges. The toko token is fully utilized on the tokoin platform when it comes to staking and transactions.
BENEFITS OF THE TOKOIN PLATFORM
MSMEs are able lay their hands on funding that would most likely come through partners
Partners will be able to source sold projects where they can invest their funds for future profits
MSMEs can rest easy work hard and watch their reputation grow on the Tokoin platform
Expansion for MSMEs is very certain
These are the most important sections of the Tokoin platform , and with this , you should have a proper insight on how the Tokoin platform will transform MSMEs globally.
If you would like to more more about this bright project, or will like to partake in it revolution, do check the links below
WRITER,S INFORMATION
NAME:- PEDRO