What is the TOKOIN mission?
Creation of the MSMES profile to guarantee their data integrity
Creation of a virtual ledger for each transaction MSME
Reduce obstacles to financial inclusion by providing a reputation score
A sustainable business model that allows MSME to operate on a higher scale
Increase the economic capacity of the entire ecosystem MSME
Tokoin is a platform that establishes the digital corporate identity and reputation of MSME as an acceptable measure of trust for suppliers and financial institutions. Create a digital corporate identity for MSME that represents a valid business reputation.
Basic token information:
Token name: Tokoin
Token symbol 6 TOKO
Soft hat: $ 8,000,000
Hard cap: $ 25,000,000
Sale quantity: 700,000,000 TOKO
Country: India
Problems with high funding obstacles
After the financial crisis, banks were skeptical of MSME loans. They adhere to the generally accepted stereotype according to which the MSME do not have sufficient cash flows to make loan payments. Overall, financial accessibility is still low in emerging markets, as 70% of MSME still have no access to funding opportunities. This is often explained by the fact that, as relatively new or small businesses, most MSME do not have adequate legal documentation, guarantees and / or long-term credit history.
Expansion difficulties
Most MSMEit does not produce enough to take advantage of economies of scale. They also have low order volumes, which means they have little influence on suppliers and do not receive wholesale discounts. This leads to higher production and transaction costs than large companies and, unlike companies where entire departments are engaged in procurement and financing, MSME has fewer resources to find the best suppliers or adequate funding. International expansion is also problematic.
Lack of business support
For MMZ, these problems mean that they feel trapped in the cycle of high costs, minimal financial support and strong competition. At the center of this cycle is the lack of trust on the part of institutions that should support the IHR to support and grow. The suppliers do not trust them, the banks do not trust them and, ultimately, the customers do not trust them. What is missing is MSME's ability to build a reputation that creates trust and opens up a wide range of services that improve growth.
Through the blockchain network, it is possible to verify the data relating to commercial transactions in the ecosystem. TOKOINuses the data recorded on the blockchain network as a valid indicator of corporate reputation. In other words, this reputation will be based on the customer's buying behavior in trading activities and this information will become an important part of the client's profile. With this approach, TOKOIN can transform an accurate data record into a valuable resource that MSME can use as leverage to compensate for missing loan requirements, as a measure of reliability.
Digital identification
Responding to the needs of an authoritative and real person, Tokoin uses the digital sector as a help and a privilege. With a digital business identifier, MSME can record and track its business processes in a digital ledger, while distributing the credit ratings they create to other partners in the Tokoin ecosystem. This is the decentralized nature of the blockchain, in which there is no central strength that records the data. The use of blockchain technology in a business process.
Digital book
All transaction data resulting from the MSME commercial transaction as a user will be stored in digital form and at the same time a computerized record called a digital ledger. The information provided by KYC to identify the initial company profile and more detailed information, such as cash flows, sales and revenues and ordinary commercial purchases, are recorded as a valuable asset. This resource will also be compiled and processed and a value will be assigned based on the depth of the information it contains.
Service provider
To help MSME, Tokoin is also supported by partners who provide financial and commercial
services such as loans and loans to businesses, insurance services, logistics, delivery and
warehousing. As a user of Tokoin, MSME can choose business services based on their preferences and a development plan. For a service provider, this means that they can work closely with MSME, gain access to their data and get an overview of their potential customers.
What problems does the Tokoin ecosystem solve?
The biggest problem with micro, small and medium-sized enterprises is that they do not have enough capital to start up and grow. Since the trading volumes of companies are not very high, no matter how brilliant their ideas are, today's classic banks do not want to lend.
The lack of technical support emerges as another consequence of a lack of budget. If small businesses fail to make sufficient investments, they will not be able to obtain and read the data that will accelerate their development and, in the long term, failure will be an inevitable end as they misjudge the market. Micro, small and medium enterprises need guidance to manage their data collection and evaluation processes.
Another problem of micro, small and medium enterprises is the problems they have in establishing business partnerships with people or companies with similar goals and companies in their business areas. It is very difficult for MSME to establish commercial partnerships because their recognition and reliability are initially very low.
Road map:
Q4 2018
TOKOIN Token for private sales and pre-sales TOKOIN Development and distribution of portfolios.
Q1 2019
Grand Launch TOKOIN
Q2 2019
Integrated blockchain advisor for the POC
TOKOIN ecosystem launched on TestNet
3rd quarter 2019 On
-board storage partner for the TOKOIN ecosystem On
-board financial partners for the TOKOIN ecosystem
Expansion of local operations in 10 cities of first level in Indonesia
Q4 2019
Start the data reputation engine.
Start a data visualization platform. Start the Partner Suite platform.
On board 50,000 users in the TOKOIN ecosystem.
Q1 2020
Start the applicationTokoin dApp on MainNet.
Start the POS TOKOIN system.
Start the data exchange platform for the token accumulation program and the loyalty program.
Expand local operations in all the capitals of Indonesia.
On board 10,000 users in the TOKOIN POS system.
Q2 2020
Start the TOKOIN POS system.
Expansion of hyper-local pilot operations in Thailand.
On board there are 1,000 users in the TOKOIN ecosystem in the regional hyper-local market.
Develop AI solutions for TOKOIN to resize operations.
Q3 2020
Expansion of local operations in Vietnam and the Philippines.
On board there are 500,000 users in the TOKOIN ecosystem in Indonesia.
Expansion of local operations in the 10 largest first-tier cities in Indonesia.
On board 50,000 users in the TOKOIN ecosystem.
4th quarter 2020
AI distribution as part of the Business Intelligence features
Implementation of the forecasting and forecasting platform in the TOKOIN ecosystem
More information on the project:
Website: https://www.tokoin.io
White paper: https: // www. tokoin.io/whitepaper/Whitepaper.pdf?id=05f5c9d62d22ae24ea82
Telegram Chat: http://t.me/tokoinglobal
Twitter: https://twitter.com/TokoinOfficial
Facebook: https://www.facebook.com/TokoinOfficial
Half:https://medium.com/@tokoin
My profil: https://bitcointalk.org/index.php?action=profile;u=1771007
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