A comprehensive SWOT analysis of Tokoin as an ecosystem

Tokoin is a leading project in Asia, Indonesia to be precise and it has in it's radar the singular goal of uplifting micro, small and medium enterprises and giving them a chance to thrive in today's competitive market.

In this article I intend to do a comprehensive SWOT (SWOT stands for strength, weakness, opportunities and threats) analysis of the tokoin project. This will help reveal the key aspects where the project lacks, areas it thrives and things it needs to do in order to excel even more.

The Tokoin platform in a nutshell

Tokoin is a platform designed to give micro, small and medium enterprises (MSMEs) a digital business identify and credibility score depending on how well they perform. This platform helps to manage the data of the MSMEs, especially their non financial data, this helps to give them an edge when it comes to attracting investors and securing loans from financial supporters.

This makes Tokoin a standard lending platform where MSMEs seeking loans are being merged with banks and other financial institutions that will be able to grant them such. In addition to this, MSMEs seeking for large funds on the Tokoin platform can set up a crowdfunding process where they will be able to access funds from the numerous lenders on the tokoin platform.

Whatever amount the said MSME will raise is largely dependent on its credibility score previously recorded on the tokoin platform. Up next, we shall be looking at the strength, weakness, opportunities and threats surrounding the tokoin project.

The tokoin strengths
The tokoin project has a lot of strength and highlights which places it right above its many other competitors out there. Notable among these is the fact that it operates on a fully decentralised ecosystem with advantages more enormous than those obtainable on centralised data management systems. It has nailed a number of partnerships with reputable crypto projects that will go a long way in fostering and bringing Tokoin to the doorsteps of many. It has a real life use case that is realistic and achievable, prominent among its products are:

The Tokoin Dapp: the Dapp of the platform is one of its profound and most unique strength, it helps to capture all data on the tokoin ecosystem in a very secure way such that they cannot be manipulated. This data gotten will later be accessed and evaluated in order to determine the credibility score of a given project.

The tokoin POS: the Tokoin point of sale (POS) feature helps merchants that operate offline to record their transactions in the distributed ledger system of the tokoin platform. So when MSMEs make purchases offline, this is being recorded against their digital business IDs.

Community engagement and trust is another key strength of the tokoin ecosystem, and it is believed that this will only continue to grow from strength to strength.

Weakness of Tokoin
For a project like Tokoin it will be very difficult to find any weakness at all associated with it, given how careful the team were in setting up the project. All flaws of past projects were carefully considered before designing what seem to be an almost flawless crypto platform.

Opportunities of the tokoin platform
The Tokoin platform offers numerous opportunities, first off, merchants on Tokoin are given the opportunity to rate themselves based on their last works in form of credibility scores, advises are also rendered as to how they can make the best use of their funds. Those who intend to lend funds are also given the opportunity to do so, and equally given enough data on which they can base their decisions as to whether to lend or not. The lenders and investors of this platform get back good returns for every penny they invest or lend on the tokoin platform.

Threats of the Tokoin ecosystem
One of the major threats of Tokoin is in enlightening uneducated people who own MSMEs on the importance of using the tokoin ecosystem. Another threat they are very likely to face is that of security as that has been one of the key issues suffered by blockchain. This bridge in security could lead to vital loss of data, but Tokoin has taken extra measures in securing it's platform maximally such that such leaks are almost impossible.

Summary
Tokoin will take the world by storm for sure, and it is not slowing down on its quest to achieve that, seeing how strategically positioned it is at the moment, I have no doubt it will soon grow to become the project on everybody's lips in the crypto space soon enough.

USEFUL LINKS
Website: https://www.tokoin.io/

Twitter: https://twitter.com/TokoinOfficial

Facebook: https://www.facebook.com/TokoinOfficial

Author's Telegram ID: @Idakpe