Micro, Small and Medium Enterprises has proven to be the connecting bridge between those in the upper strata of the society and those at the lower rank of it but this significant part of the society has been battling with insufficient funds which has been limiting its influence in bridging this gap. With this funding challenge inview, established brands has taken advantage of this inadequacy to monopolized the system and even strangulate few MSMEs that are trying to survive the situation. It is not too much for me to say that if this continues without finding solution to it, the economy will be at huge loss because MSMEs won't be able to contribute their quota to the overall economic growth of a nation.
Can Tokoin Solve This?
As it is not news again to the global public that the distributed ledger innovation is a secure and transparent innovation that have solutions to many in our world. This technology can be apply in virtually in all industries and MSMEs is not excluded. With the huge achievement this technology has achieved in financial sector through crypto, it has continue to do so in other sectors and it can also be used to solve MSMEs solutions as I indicated before and this will be done through Tokoin blockchain platform.
I am here to share my opinion about the project and how any MSMEs owners might take advantage of the opportunity rendered by Tokoin. This article will focus on the features of Tokoin, let's get it on.
Tokoin Blockchain-based Platform Features
[Tokoin being the first blockchain-enabled platform for MSMEs is created in a way which it solves the inadequacies in many fiat-based funding processes for MSMEs. With blockchain infrastructure, Tokoin will be able to usher in a disruption that will bring a decentralized, secured, immutable and transparent funding process for MSMEs.
Tokoin platform will be able to boost the reputation micro small and medium enterprises which is the biggest issue they face when requesting for loan or funding from financial institutions to further expand the growth of their enterprises. As a startups, financial institutions like banks are always not eager to loan them money because to them, the future of the business is not really certain. But Tokoin has seen opportunity in this and they are offering transparent blockchain-based reputation system for MSMEs. This will be possible through their Digital Business Identity framework which assist MSMEs to have a valuable and reputable profile that will be a future asset to them especially when seeking loans from financial institutions.
What this simply means for MSMEs is that financial institutions will be able to aceess their records on Tokoin platform to gather information about the status of their company and see if they worth the loan. You may skeptical about this, but the truth is that Tokoin has started partnering with financial institutions in South East Asia to make this a reality. This will be a positive project for the crypto community and it will also the reputational funding standards for Micro Small and Medium Enterprises (MSMEs).
Conclusion
The MSMEs will enjoy immensely from Tokoin innovation and will further bridge the societal gap. I am well convinced that this project of high chances of being great because their focus is about a well identified problem. Also the team and advisors behind it also a plus and this is invisible the way they are going about everything and the trust their investors have in them which is evident in the price of the token.
Useful Links
https://www.tokoin.io/
https://www.tokoin.io/whitepaper/Whitepaper.pdf?id=05f5c9d62d22ae24ea82
http://t.me/tokoinglobal
https://twitter.com/TokoinOfficial
https://www.facebook.com/TokoinOfficial
https://medium.com/@tokoin
https://www.instagram.com/tokoinofficial
https://www.linkedin.com/company/tokoinofficial/
https://www.quora.com/profile/Tokoin-Official-1