TOKOIN REVIEW
It is known today that the growth of micro, small and medium scale enterprises are actually the driving force of any economy globally. With clear track records of its massive contribution up to 90% of registered businesses worldwide. The activities of MSME has led to job creation, increase in productivity capacity as well as the establishment of more friendly working environment.
Another awesome remark about medium and small scale business is the ability to contribute to a country's Gross Domestic Product (GDP) which imperatively signifies the financial capacity, strength and vibrancy of economic activities in that particular country.
Some challenges that has rocked MSME overtime include,
Unavailability or access to data:
Data as said is the eyes of any business, ranging from its collections to its analysis to its proper utilization. The heartbeat of any top business has to deal with how they actually collect, analyse and utilize data gotten. Most MSME are usually restricted, sidelined and marginalized when it comes to having access to data that are necessary to map out policies and stractegies for its growth. Flimsy reasons are usually given and bullying from larger firms and cooperation and the enablement to pay data scientists by this MSME are usually a huge problem.
High Barriers of Funding
Accessing loans by Medium and small scale business from financial institutions has been difficult and a painful process. Even when granted, the demands and requirements are usually outrageous ranging from collateral to guarantors. This activities usually hinders the full activities of small business to strive.
No Reputation
Getting access and opportunities is as a result of past records, achievement and experience which occurs as a result of your business activities overtime. Most small business lack reputation not because of their inability to function or render services but investors along adopters usually request for business that have stood the test of time even when they lack the necessary skills and experience needed.
Introducing TOKOIN
This is a blockchain based platform that tends to profound renowned solutions to challenges rocking small and medium scale enterprises. Through its blueprin and structure, they have established a business model which offers lucrative opportunities. They have developed an identification process which is digital and has concrete evidence of authenticity.
Tokoin has built a reputation giving them access to a lot of partnerships. They act as subsidiaries between medium, small enterprises and investors or users who wants to have access to products or services. The platform have structures which enables them to provide background check on these businesses which are credible.
Such intermediaries includes
•Multifinance institutions
•Banks
•Logistics companies
•Consulting and outsourcing firms
•Service providers
•Brands
The platform only captures these businesses data and sends it to the intermediaries for assessment making the process for investors,loan and grant seekers minimal.
Tokoin’s platform TOKO token acts as a means of interaction between the members of ecosystem. The token is utilized as a reward when a participant in the ecosystem sends transaction data and validates the data.
For more information kindly access the links below
For More infomation:
Telegram💭:
https://t.Me/TokoinUpdates
https://www.tokoin.io/whitepaper/Whitepaper.pdf?id=93463cf8ec8457c6c862
Author : Dulo Wegner