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July 01, 2019, 12:32:09 PM |
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Many small businesses around the world reach a point of struggle and financial difficulties particularly in 3rd world countries. Only since recently there's been a project who is dedicated to aiding these MSMEs with a innovative platform on the blockchain, this project is Tokoin.io.
MSMEs can create their own data trail and distribute it to every party involving in your business network allowing you to expand rapidly, bridge partnerships and extract the middlemen to save costs. Staking TOKO tokens allows the party to access others data and transaction records which helps determine the relationship you chose to connect with. Tokoin also offers loan funding which works on credit scoring protocols which are compliant to banks which in many cases is a huge perk for 3rd world countries who are struggling to sustain or build a foundation in a new business.
South East Asia and Indonesia are the first to be introduced to this innovation and the team are aiming to bring adoption globally. Real use case and a very positive project for the success of MSMEs to keep an eye on.
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