The greater number of the available businesses are MSMEs, Small-sized businesses that serve as the backbone and support to the global economy.
This is so because it produces a bigger percentage of the GDP and also creates the highest number of jobs available in the world today.
The giant businesses and companies have not been able to achieve the great things which these MSMEs have achieved, take jobs for an example...
Although these giant companies are well established, it is still difficult to create employment which will is needed to sooth the ever-growing population; the big companies are short-handed in this aspect. MSMEs, on the other hand, are truly breaking grounds as they create unlimited jobs, which in turn boosts the economy of the world because a healthy economy is as a result of the working population.
MSMEs are considered the man of the hour due to its unlimited contributions to the world, and so should not be overlooked.
Unfortunately, the MSMEs industry despite its outstanding benefits has few disturbing challenges that are affecting and limiting it from delivering its fully packed benefits to the world.
One of these nagging problems faced by the MSMEs is FUNDING.
Being a small establishment, it is often difficult to get the needed finance to boost their businesses.
EXPANSION is another issue in this industry because without funds it is not easy to expand an establishment.
All these challenges are dependent upon the fact that the MSMEs are yet to understand how to leverage their data to solve the problems in the system and the presence of these problems in the MSMEs threatens the economy of the entire world.
Luckily TOKOIN HAS COME TO THE RESCUE
TOKOIN platform is a system designed to boost the MSMEs by eliminating the numerous problems in the industry.
It intends to leveraging the MSMEs' data to chart a course out of the territory of limitations.
Since MSMEs are unable to effectively use their data, TOKOIN is here to facilitate the exchange of data in the system to help them fund their businesses and build up their reputations which are necessary for expansion.
To make this a reality, the TOKOIN platform will use the advanced blockchain to make MSMEs financially strong just by mopping up those data which is generated from the system and was originally going to waste, and putting them to good use in creating a reputable profile for them which is used to get the fund to run their businesses.
Building the reputations or public profiles of the MSMEs is one of the very important agenda on TOKOIN'S list as it will use the data produced on the MSME industry to create and build up a great reputation for them.
Having done this, it will be easy for small-sized establishments to move up their businesses.
Additionally, to solve the problem of expansion, the TOKION platform has partnered with giant systems to ensure that the MSMEs can expand its operations seamlessly.
This will give MSMEs the chance at reaching different parts in their business, in turn creating more jobs and elevating the global financial system.
From its activities, TOKOIN platform will not just improve the operations of MSMEs, but will also unimaginably improve the world economy.
THE TOKO TOKEN plays an important role in the operations of the TOKOIN platform as it is used to incentivize the users on the system.
TOKO is an Ethereum based ERC-20 utility token which is used to gain access to the MSMEs data and to carry out different transactions on the TOKOIN platform.
CONCLUSION
MSMEs just got bigger and better with the TOKOIN platform.
TOKOIN is set to take the MSMEs to a whole new level that is without limitations but strongly supporting the global financial system.
With the TOKOIN platform, MSMEs are on the rise; that means more jobs and a buoyant economy.
Website: https://www.tokoin.io/
Twitter: https://twitter.com/TokoinOfficial
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