INTRODUCTION
In running a business in any part of the world, one of the major considerations is the financial status and backup of the person who wanted to run the business. When you have a little amount of capital then such a business is termed micro, Small and medium enterprise (MSME).
This business category is a part of the driving force of the economy of developing countries so they are not always handled with levity hand. The micro, small and medium enterprises are now innovation and growth drivers for the economic enlargement of the globe.
The MSME occupies close to 90 percent of the globally registered businesses and has significantly contributed to production rate, export, job creation, income gap bridging mostly in the countries with developing economy.
This sector usually faces some troubles especially when it comes to the expansion of such business and to address this problem, tokoin was introduced.
LITTLE TALES ABOUT TOKOIN
Tokoin is a blockchain network which helps to create mediums that will help to supply valuable partnership that will lead to the expansion of MSMEs. This can be achieved through your engagement in this network that comprises of a various collectable profile of businesses which can help in the expansion of your business.
Tokoin is a network that creates an identity for digital business and Micro, Small and Medium Enterprises (MSMEs)'s reputation towards their development and profit increment.
PROBLEM FACED BY THE MSMEs
- Lack of Reputation
As a result of the level of finances committed to the business, they are regarded as low-class businesses. This reputation issue usually causes them to feel trapped in a high-cost circle, little or no financial backup and support, and rigorous competition with the big establishment for fund and support
Those who are their suppliers of support or financial support like banks do not believe in them. They really miss how to develop a reputation that will increase their trust and expose them to various services that can enhance their growth. - Unavailability of data
To leverage the data available is now a vital aspect of our contemporary business world. It is very disheartening that most of these business categories do not really understand the uses of data at their disposal. Many do not even know how to get this data and they don't care because they don't know how important and the assistance they can derive from those data in making decisions.
SOLUTIONS TO THE MSMEs PROBLEMS - Business Profile Establishment
The tokoin network is designed such that the MSMEs can create a reputation profile which will earn MSMEs the needed trust to enjoy assistance from suppliers, banks and others who could enhance their business growth. As a result of the partnership that Tokoin built with these MSMEs suppliers, they can go through their developed reputation and grant their needed assistance.
Development of Tokoin dApp
The MSMEs will submit the data of their transactional activities through the network dapp. This Tokoin dApp will help in the processing and validation of the data converting them into assets that are valuable.
The institutions that can easily grant fund which is part of the network partners can access these valuable assets and grant them the need fund once they meet up with the required asset need.
Rejoice their MSMEs because the Tokoin network is designed to help you in the enlargement of your business. Act fast now and have your business expanded.
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
Linkedin: https://www.linkedin.com/company/tokoinofficial/
Quora: https://www.quora.com/profile/Tokoin-Official-1
Link: https://bitcointalk.org/index.php?action=profile;u=1223251