For Tokoin to create a new environment for credit card and digital identities for small and medium enterprises business to get supportive funds according to their roadmap, there is a requirement for high and advance technology that could offer such service in blockchain ecosystem. Tokoin is working hard to upgrade their application by incorporating some advanced technology into their blockchain based system. Part of it is implement some protocol into their DApp. So in order to fill the gap between DApps and Protocol which will be incorporated into their system, Tokoin got partner BiFrost. The essence of this partnership is to work with a platform which will add more advanced technology into the Tokoin ecosystem. This will make Tokoin achieve their goals and offer the kind of services they promised us and their system will become more viable and useful by the MSMEs.
The Tokoin agenda is to build an ecosystem that will speed up the growth of MSMEs in the global market, and for this platform to become effective with their obligation, advanced technology is required. In case you don't know much information about BiFrost, I will let you understand that BiFrost is the only the middleware platform that operates between DApps and blockchain protocol. So the function of BiFrost here is to make it possible for some blockchain protocol to works perfectly on the Tokoin DApps, and that is where BiFrost came into play.
The collaboration of Tokoin with BiFrost is very commendable because BiFrost is a platform that has been in existence for some time now and they have been performing well excellently in their own field. In their recent development, Bifrost has taken charge to be compass and bridge the gap between blockchain protocol and decentralized application (DApp). The blockchain protocol are being developed to make sure the system does some functionality. The ability for a DApp to be able to offer a security and maintain viable scalability is as a result of the kind of blockchain protocol built on the DApp system.
Tokoin partner with BiFrost to bridge the gap between blockchain protocol and their DApp because the DApp was designed to perform different functions.
WHY DO TOKOIN PARTNER WITH BIFROST?
From my previous work, I make us understand that Tokoin is putting efforts together to solve the issues and challenges faced by theMSME sector across the globe. The MSME ecosystem lack legal documentation and long term credit history, so therefore Tokoin has come with new idea to digitize that ecosystem into such a way that with the DApp Tokoin will launch, MSMEs will be able to solve all their challenges. But to make this DApp become effective and active to perform the reasons why it was created, there are some advanced technology which need to be implemented and incorporated into it. So for Tokoin DApp to perform different certain function, there is technology required and that is what BiFrost are offering and that is exactly what brings that partnership.
If you can do some investigation around the crypto and blockchain ecosystem, you will realize that there is no blockchain out there that could offer a conflicting measure for DApp. But BiFrost happen to be the only platform with hardware that make it possible for DApp to enjoy the services of blockchain.
FUNCTION OF BIFROST
The BiFrost hardware is the mechanism that makes it possible for DApp to enjoy the services of blockchain. BiFrost has a middleware handle the DApp layer and that of the blockchain protocol layer. So the BiFrost technology will make it possible for Tokoin DApp to perform some functionality, it will also make it possible to perform some scalability, decentralization, and the BiFrost technology will make the Tokoin DApps to function as a private and public blockchain respectively. The BiFrost technology will also make it possible for data to connect to each other and also controls the flow of information.
IN CONCLUSION
Without much argument, the BiFrost (middleware) is the type of technology that will make it easier for Tokoin's decentralized application (DApp) to perform different functions. This technology will make it possible for the DApp to enjoy the features of blockchain protocols and this will make the Tokoin's DApp become effective with high performance.
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