TOKOIN: RESTRATEGISING THE MSMEs INDUSTRY

MSMEs currently account for about 90 percent of registered businesses all over the globe. They also contribute huge quota to the world’s economy annually by creating jobs, bridging income gaps etc. Due to their small size, they are easily managed, flexible, dynamic and adapt easily to vast changes going on in the world's economy.
Several governments currently see MSMEs as the way forward, they therefore have put in places favourable regulations to ensure they thrive and grow.

SOME OF THE ISSUES FACING MSMEs INCLUDES:

Unavailability of Data
Having correct and sufficient data is the bedrock of running a successful business. However many MSMEs lack the right kind of data in the right amount, this make decision making most times lethal to the business. Many MSMEs are also mainly offline and do not have the necessary systems to collect and process data.

Lack of funding
Most MSMEs do not thrive due to poor funding. Financial institutions are known for not giving out loans to MSMEs due to little or no collateral and insufficient available data. According to research over 70 percent of MSMEs still do not have access to financing
opportunities.

Technology has made things easier and faster. As a result, businesses are using technology to advance their modus operandi in other to improve their productivity and efficiency.
One of the important technologies several businesses are using is the blockchain technology, which is a platform that facilitates the flow of data information between participants. This data information distributed on the blockchain platform is regarded as an asset, and is secured on the blockchain.
In the online retail marketplace , a typical business transaction consists of a particular set of data which includes that of all participants, sellers, buyers, payment method, etc. This set of data are stored on a central platform in the online marketplace.
This is where TOKOIN becomes essential.
The trading ecosystem is at the advanced stages of establishing Tokoin as the vital expressway of data distribution. Tokoin provides an ecosystem of blockchain that is very secure, with an architecture that stores data in a decentralised manner on the platform.
Participants are provided with Tokens that serve as their credibility scoring. Partners get relevant data for their needs, while the downstream participants will have benefits such as funding and opportunities for business expansion.

ABOUT TOKOIN

Tokoin is a blockhain infrastructure that establishes the reputation of MSMEs in the business ecosystem. Tokoin efficiently captures and analyzes business information data from the suppliers or users as a valuable asset, which translates into a marker for acceptable reputation of the MSMEs in our ecosystem. This then enables our users access business fundings and other services from providers which act as our partners on the network/ecosystem.
By linking the financial and business sectors to guaranteeing financial inclusion, Tokoin contributes to national economic growth.
Tokoin creates a better and more conducive business ecosystem which in turn facilitates business growth. Tokoin as a platform mainly captures and process business data from users. Simply put, Tokoin serves as a connecting link between the business and financial sectors in order to facilitate national economic growth.

Tokoin proposes to solve the issues facing MSME in three ways:

● Building a [Digital Identity]digital identity for MSMEs that will serve as a Valid Reputation
Having a business profile is the main ingredient for MSMEs to generate assets on Tokoin platform. The platform functions by fetching data, beginning at the KYC process to routine records to help MSMEs build a reliable and trusted profile.

● Assisting MSMEs in Data Utilization

Tokoin makes important data available to MSMEs, this in turn makes it easier for MSMEs to get funds from financial institutions.

● Creating Growth Opportunities for MSMEs by Bringing Business Partnerships.

Tokoin is currently in partnerships with several institutions. This makes it possible for its users to access all the services they need.

TOKO TOKEN
Tokoin issues TOKO on its blockchain as a means of business transaction among the participants of the platform. When a user submits and validates a transaction data, the user is given TOKO as an incentive. TOKO also serves as the prerequisite for accessing services provided on the Tokoin platform.
For service providers on the platform, the TOKO is used for accessing the users' transaction information. With the projected rise in the no of users and providers on the Tokoin network, the use of Tokens will increase, and this will raise the value of TOKO.
TOKO Token is an ERC-20 token and can be converted into other tokens, depending on what the Tokoin team decides.
TOKO Tokens are utility tokens that are supposed to be used within Tokoin. As a utility token, TOKO finds use in/as:

• Main Utility
• Sub-utility
• Lending Market
• Loyalty
• Group Buying
• Advertisement
• Business Solutions
• Market Research.
  Tokoin Ecosystem
  There are three partners classifications in the Tokoin infrastructure.

1. Supplier

• Companies
• Brands
• Logistics Partners

1. Service Providers

• Advertisers
• Property Agents

1. Intermediaries

• Multifinance
• Banks

CONCLUSION
Running a smooth and successful businesses (MSMEs) requires a holistic contribution from several key players such as the buyer, seller, financial intermediaries and service providers. Tokoin as a platform serves as a connecting link between these key players in order to ensure that all MSMEs have a better chance of survival.
Tokoin is the blockchain of now and the future. With the expected exponential increase in it's token, value is incredible.

USEFUL LINKS;

Website: https://www.tokoin.io/
Telegram Chat: http://t.me/tokoinglobal
Twitter: https://twitter.com/TokoinOfficial
Facebook: https://www.facebook.com/TokoinOfficial
Medium: https://medium.com/@tokoin
Instagram: https://www.instagram.com/tokoinofficial
Reddit: https://www.reddit.com/user/TokoinOfficial

AUTHORS DETAILS
Bitcointalk username- Uju4real
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2202971