About Tokoin

Tokoin is a platform that establishes digital business identity and reputation of MSME as acceptable credibility scoring for suppliers and financial institutions. Build a digital business identity for MSME that represents a valid business reputation.

Basic Information

High barriers funding problems

Since the financial crisis, banks have grown skeptical of lending to MSME. They follow a commonly held stereotype that MSME do not have enough cash flow to make the loan payments. Overall, financial inclusion is still low in emerging markets, as 70% of MSME still lack access to financing opportunities. This is often because, as relatively new or small businesses, most MSME lack proper legal documentation, collateral, and/or long-term credit history.

Difficulty in scaling up

Most MSME do not produce enough to take advantage of economies of scale. They also have low order volumes which means they hold little leverage with suppliers and do not receive volume discounts. This results in higher production and transaction costs compared to large enterprises and unlike corporations who have whole departments dedicated to procurement and finance, MSMEs have fewer resources to search for better suppliers or appropriate financing. International expansion is also problematic.

Absence of business support

What these problems mean for MSMEs is that they feel trapped in a cycle of high costs, minimal financial support, and stiff competition. At the root of this cycle is a lack of trust from institutions which should have been able to support the MSME to sustain and grow. Suppliers do not trust them, banks do not trust them, and, ultimately, customers do not trust them. What is missing is a way for MSMEs to build a reputation that engenders trust and opens up access to a wide variety of services that promote growth.

Features

Opportunities

Through blockchain network, data information involving business transactions can be verified in the ecosystem. TOKOIN utilizes data recorded in the blockchain network as a valid metric for business reputation. In other words, this reputation will be built on the client’s buying behavior in trading activities and this information will become important part of the client’s profile. With this mindset, TOKOIN is able to transform accurate data record into valuable asset that MSME can use as leverage to make up for their lacking lending requirements, such as credibility scoring.

Digital identities

Answering the needs of the reputable and valid identity, Tokoin utilize the digital sector as a facilitation and privileges. With their Digital Business ID, MSME are able to record and keep track of of their business process in a digital ledger while simultaneously distribute the credit scoring that they build to the other partners in the ecosystem of Tokoin. This is the decentralized character of the blockchain, where there is no central point of authority that records the data. Applying the blockchain technology in a business process.

Digital ledger

All of the transaction data from the business operation of MSME as user are going to be kept digitally and simultaneously computerized record called a digital ledger. Informations starting from the KYC to identify the initial business profile to more detailed information such as cash flow, sales and earnings, and routine business purchase are recorded as the valuable asset. This asset are also will be compiled and processed and will be given value according to the depth of the information contained.

Service provider

To help MSME, Tokoin is also supported by the partners who provide financial and business

services such as business loans and credit, insurance services, logistic, shipping and

warehousing. As Tokoin user, MSME may be able to choose the business services based on their preferences and also their development plan. For the service provider, this means that they are able to closely tap the MSME by accessing their data, and earning the overview about their potential clients.

Video

Team

Member Eddy Christian DIRECTOR OF TOKOIN Mutia Rachmi PROJECT MANAGER Michael Minarto PROJECT MANAGER

Quote This article is writing on 30 June 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: support@coinworldstory.com Or Whatsapp Us- +13098896258

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