In this present century that we found ourselves, technology has revolutionized our day to day activities and brought more conveniency way to do things at the cheapest cost which the business entity is not an exception. Human dependency on mass production and relying on the power of animal has become a thing of the past as the digital revolution are gaining adoption at a very rampant speed. Most systems are now integrated with the help of the internet and Internet of Thing (IoT) where job is processed within microsecond without human involvement with the assistant of sensor and robot. 

What is ToKoin?

ToKoin is a platform that has a primary mission to assist MSMEs  to build a trusted profile with a high rate of integrity by ensuring that the virtual ledger of each user's or corporation transactions are provided on the blockchain which is immutable, thus eliminating any financial inclusion barriers and the result will be an economic viability of the whole MSME ecosystem. This is achieved by a pool of user's data activities in a real-time with an encryption mechanism to guarantee that only authorized entity that has permission from the data owner can gain access. 

How Tokoin is changing the Global Economy

When it comes to decision making in any business environment, data is very key support. Such data can range from facts from the survey, numbers and instructions which are so significant to understand an entity in a particular environment. Relevant data allow an organisation to discover the market's needs of their product from one city to another, data curated can help them to determine the level of acceptance towards their product. In a nutshell, there are valuable things that can be derived from a set of given data if presented well and use appropriately. 

The most paramount question is that if the data is available how would an organisation acquire such data and what type of data is needed to achieve the desired result from numerous data scattered everywhere? The answer to this is the listing of a business profile which covers location, sector and the demand for a particular range of time. 

ToKoin resolves this by the accumulation of all the business profile that were registered on the platform and thus give companies an assurance that the data is accurate, authentic and validated since the data a curated from the participant of the ecosystem. It is of the best interest for SMEs and MSMEs to registered and gets their products across to many companies. The ecosystem also provides a section for comapnies to receive demand from their actual buyers and this transaction that involved thereafter are recorded for a market overview which will be of an utmost beneficiary for organisation to gain insight about product demand from their buyers. 

ToKoin is not doing this alone, to expose this product to a large audience and get adopted globally, Tokoin from the beginning partnering  with Indonesian Ministry of Industry and Ministry of Trade as well as some big names like Ralali, Pasarpolis, and Sahabat UMKM locally and Blockcrafters, Destreet, Refereum, and Tomochain internationally which their primary roles are about business registration, business sustainability, access to loan etc

CONCLUSION

Tokoin is here to help MSMEs having financial record transactions to build the credibility status of their business as a form of credit history. This transaction history of MSMEs which is using blockchain technology can guarantee feasibility for them to access various business solutions.

Further development and the progress of the ecosystem can be discovered using any of the following links

Website

Telegram 

Twitter

Facebook

Instagram

Medium

Reddit