Tokoin is a platform that establishes digital business identity and the reputation of MSMEs as an acceptable measure of trust for suppliers and financial institutions. Create a digital business identity for MSMEs that represents a valid business reputation.
Basic information about tokens:
Token Name: Tokoin
Token Symbol TOKO
Soft hat: $ 8,000,000
Hard cap: $ 25,000,000
Quantity for sale: 700,000,000 TOKO
Country: India
Problems with high funding barriers
After the financial crisis, banks were skeptical of lending to MSMEs. They adhere to the generally accepted stereotype that MSMEs do not have enough cash flows to make loan payments. Overall, financial affordability is still low in emerging markets, as 70% of MSMEs still do not have access to financing opportunities. This is often explained by the fact that, as relatively new or small enterprises, most MSMEs do not have proper legal documentation, collateral and / or a long-term credit history.
Difficulty in expanding
Most MSMEs do not produce enough to take advantage of economies of scale. They also have low order volumes, which means that they have little influence on suppliers and do not receive wholesale discounts. This leads to higher production and transaction costs compared to large enterprises, and unlike corporations in which entire departments are involved in procurement and finance, MSMEs have fewer resources to find the best suppliers or appropriate financing. International expansion is also problematic.
Lack of business support
For MMZ, these problems mean that they feel trapped in the cycle of high costs, minimal financial support and fierce competition. At the heart of this cycle is a lack of trust on the part of institutions that would have to support the IHR in order to sustain and grow. Suppliers do not trust them, banks do not trust them, and, ultimately, customers do not trust them. What is missing is MSME’s ability to build a reputation that builds trust and opens up a wide range of growth-enhancing services.
Through the blockchain network, you can verify data related to business transactions in the ecosystem. TOKOIN uses the data recorded on the blockchain network as a valid indicator of business reputation. In other words, this reputation will be built on the customer’s buying behavior in trading activities, and this information will become an important part of the customer’s profile. With this approach, TOKOIN can transform an accurate data record into a valuable asset that the MSME can use as leverage to offset its missing lending requirements, such as a measure of reliability.
Digital identification
Responding to the needs of an authoritative and real person, Tokoin uses the digital sector as an aid and privilege. With a digital business identifier, MSME can record and track its business processes in a digital ledger, while distributing the credit rating they create to other partners in the Tokoin ecosystem. This is the decentralized nature of the blockchain, where there is no central point of power that records data. The use of blockchain technology in a business process.
Digital book
All transaction data from the MSME business transaction as a user will be stored in digital form and at the same time a computerized record called a digital ledger. Information starting with KYC to identify the initial business profile and more detailed information, such as cash flows, sales and income, and ordinary business purchases, is recorded as a valuable asset. This asset will also be compiled and processed, and it will be assigned a value in accordance with the depth of the information contained.
Service provider
To help MSME, Tokoin is also supported by partners who provide financial and business services such as business loans and loans, insurance services, logistics, delivery and warehousing. As a Tokoin user, MSME can choose business services based on their preferences as well as a development plan. For a service provider, this means that they can work closely with MSME, gaining access to their data and getting an overview of their potential customers.
Road map:
Q4 2018 TOKOIN Token for private sale and pre-sale TOKOIN Wallet development and distribution.
Q1 2019 Grand Launch TOKOIN
Q2 2019 Built-in blockchain advisor for the POC ecosystem TOKOIN launched on TestNet
Q3 2019 On-board storage partners for the TOKOIN ecosystem On-board financial partners for the TOKOIN ecosystem Expanding local operations to 10 first-tier cities in Indonesia
Q4 2019 Launch the Data Reputation Engine. Launch a data visualization platform. Launch the Partner Suite platform. Onboard 50,000 users in the TOKOIN ecosystem.
Q1 2020 Launch the dApps application on MainNet. Launch the TOKOIN POS system. Launch the data exchange platform for the token accumulation program and the loyalty program. Expand local operations in all capitals of Indonesia. Onboard 10,000 users in the POS TOKOIN system.
Q2 2020 Launch the TOKOIN POS system. Expansion of pilot hyperlocal operations in Thailand. On board are 1,000 users in the TOKOIN ecosystem in the regional hyperlocal market. Develop AI solutions for TOKOIN to scale operations.
Q3 2020 Expanding local operations in Vietnam and the Philippines. Onboard there are 500,000 users in the TOKOIN ecosystem in Indonesia. Expanding local operations to the 10 largest first-tier cities in Indonesia. Onboard 50,000 users in the TOKOIN ecosystem. 4th quarter 2020 AI Deployment as Part of Business Intelligence Capabilities Implementation of the forecasting and forecasting platform in the TOKOIN ecosystem.
Additional project information:
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
AUTHOR
BTT username: vasilisc55
BTT profile link : https://bitcointalk.org/index.php?action=profile;u=2561314
ETH: 0xe4baa1588397d9f8b409955497c647b2ede9defb
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