As the blockchain-focused community of entrepreneurs expands worldwide, so does the ecosystem aimed to support and nurture top-performing solutions. Being FinTech-focused is not enough – experienced professionals are branching out to blockchain-focused entities, incubating and accelerating development and deployment of DLT-based solutions across industries.
Tokoin.io
Tokoin.io is a commercial blockchain accelerator that is driving the adoption of blockchain technology and solutions for MSME growth. The accelerator’s focus is developing innovative and relevant solutions using blockchain technology.
Tokoin provides analytical, development, maintenance, and support services for institutions interested in deploying blockchain solutions. Tokoin also trains and hosts a public discussion event by presenting experts in the fields of business and technology, this discussion will explore aspects of Blockchain technology and its application in the MSME business process.
Tokoin offers a solution that allows Tokoin’s users to establish a trusted profile with security for all stakeholders in the ecosystem. Currently, in the world of MSMEs, there is one complex issue which cannot be solved easily, which is that the need for transaction data capture causes a roadblock in the MSMEs system itself. By leveraging blockchain which emphasizes on its decentralized capability to give incentives to users who contribute to the network, Tokoin plays its role by providing the correct data.
The replication multitude of transactions could be made within minutes yet guarantee data integrity needed by MSMEs. This way, they could leverage their business in a sustainable way. By using blockchain, it also means that Tokoin implements encryptions that enable the system to transact faster but also more securely.
Tokoin carries missions to help MSMEs in building a trusted profile with integrity, providing a virtual ledger for each user’s transaction, eliminating financial inclusion barriers, and increasing economic capabilities of the whole MSME ecosystem.
Blockchain Business Solution Accelerator by Tokoin.io offers:
Building a Digital Identity. Tokoin platform established MSMEs reputation profile, the opportunity to help them build the confidence of banks, suppliers and other service providers. This solution is a level playing field so that MSMEs can not get a chance to use the service in advance.
Creating Funding Opportunity. Once an enterprise takes part in the Tokoin platform, it gains access to Tokoin financial partners. Tokoin already has established partnership with number of Bank and Multifinance instituion. The SMSE clients will have opportunity to investment.
Industry Partners & Business Development. The platform connects SMSEs with leading industry partners willing to collaborate with innovative ventures. Selected partners organize dedicated advisory sessions and specific activities with each startup while considering possible pilots, business development agreements, and investments.
Since Tokoin is a platform which optimizes blockchain technology, all data information is recorded accurately using cryptography, the data is stored into blocks, including timestamps. If a data set of information has been recorded into a block, the data becomes eternal and governed by the rules of the network. Every change made in each block can make a new block connected to the previous block. This means that when there is information entered, the information will still be there. The information can be trusted because the data cannot be changed or manipulated without leaving a trace.
Tokoin Token (TOKO)
Tokoin will be powered by an utility token, namely TOKO. TOKO token will serve as the native token on this platform with will be used as a form of interaction between participants.
Initially, the token will be ERC-20 based which will later be converted should the team decide to move to another main-net.
Some other use-cases of the token include;
- Form of incentive whenever a participant in the platform submits and validate a transaction data
- Serves as pre-requisite for using some services on the platform such as business insights, access to advertisements and transaction data for service providers among several others.
The total supply of the token is 2,000,000,000 TOKO with 700,000,000 TOKO budgeted for token sale in which funds gotten will be used for the kick-start of the platform.
Tokoin Verdict
The passion to greatly improve the growth rate of micro, small and medium enterprises (MSME) is the sole reason behind the establishment of Tokoin platform, the professionalism and experience of the team with their carefully developed the system is already pointer to the fact that the platform will eventually succeed in bringing tremendous development to MSMEs in emerging markets, hence the platform should not be missed for anything.
For further information, do not hesitate to contact Tokoin.io on:
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