TOKOIN : A CHANCE FOR MSMEs TO SCALE UP IN THE MARKET.
INTRODUCTION
The market now is full of all categories of enterprises that produces less of what they should be producing, especially the small and medium entities. All they supply is in low order at higher production cost without any single discount in the volume they offer. Many a times, these MSMEs lack the infrastructures to help them seek for assistance due to their lack of resources and so many of them stayed grounded while there is hope for some. Meanwhile there is a platform that can bring about completeness in their operations. The new platform tagged Tokoin is ready to come every loopholes and being the solution to the long time difficulties they found difficult to address.
THE TOKOIN PLATFORM
The struggles of many small scale entities is traced to the lack of capital most times, hampering their gtowth and adversely affecting the countries that solely depends on MSMEs. Small scale enterprise tend to regress in the market full of competition, a condition that can only be improved when they are funded. However, the only way they can be helped is through the opportunity Tokoin has created for them to gather strength from what the digital ledger can do to help their situation.
TOKOIN'S STRATEGY FOR THE GROWTH OF MSMEs
*User profile creation
This solution grants MSMEs the easy access to lost chances because they can build a reputation that commands respect and attention from helpful stakeholders. The feature makes them able to obtain loans from banks effortlessly and also makes the service providers work on their profiles to move them to the next growth stage.
*Leveraging Growth Opportunities
The data stored in the digital ledger are put together to create new reputations that should satisfy different users demands. This is so because all the buyers have different demands which they must satisfy when they participate in trading. The information about the buyer's behavior is also registered in the individual's profile. Now the provided information becomes an asset that can be purchased by MSMEs to have more credibility.
Since many countries have their economies judged by the economy of the MSMEs, growing them will automatically boost nations economy. This platform would be making sure that the financiaI needs of all the MSMEs are met to make them grow. So all the micro, small and medium entities will have their digital identities that will be taken to be their reputation in the market while they can keep getting more opportunities to be funded with the data they have. Asides from being funded, they would also do well by getting partners that are ready to form partnership with them.
TOKOIN takes record of all the business information of any of the users and have them kept as the assets from which the reputations of the MSMEs can be formed. This is done through easy translation process even without the knowledge of the users. So all the services that happened to be unavailable to them before.
CONCLUSION
The partnership this platform forms with users makes them able to get all the services they solicit for in the ecosystem. So the behaviors of users over a period of time is gathered to form their reputation and that decides their fate with the financiaI banks who might be impressed if the reputations are good enough for them to bring about their expansion through the loan they provide them. In a way, the banks who eventually gives an helping hand in funds to any user can also benefit from the user's once they have come to an agreement with them.
USEFUL LINKS
Website: https://www.tokoin.io/
Twitter: https://twitter.com/TokoinOfficial
Facebook: https://www.facebook.com/TokoinOfficial
Telegram: http://t.me/tokoinglobal
Author's Telegram ID: @Chomsy