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Дмитрий Маевский
8 подписчиков

Accelerating Growth of Micro, Small, and Medium Enterprises in Emerging Markets

15
6 мин

Tokoin give a platform to create valuable partnership which is able to bring you into the partaking scheme consists of collectible business profiles profitable for business growth. Our blockchain-powered platform works by reciprocal knowledge employing a distributed proof of commitment incentive model and connects resellers directly with producers of all sizes thereby empowering the resellers with shopping for power.

Tokoin is primarily a platform that establishes the digital business identity and MSME reputation as an acceptable trust rating for suppliers and financial institutions. Keeping up with the real market,Tokoin provides a platform for creating a valuable partnership that will lead users to an attractive ecosystem consisting of selected collectible business portfolios suitable for expanding and developing any business. Thus, the Tokoin teamoffers a platform that will be beneficial for all interested parties and will allow you to create partnerships that will be beneficial for business development. Blockchain is employed to produce transparency through correct shipping data, near-time market knowledge, reputations, traceability, trailing and most importantly; a way to confirm purchase commitment and permit world participation. Tokoin aims to cut back the quantity of distributors within the offer chain and flatten the present gap between producers and resellers in order that each sharer build trust by delivering higher price to every alternative. In Tokoin, we tend to believe that trade and distribution ought to be simply trusty, clear and equally empowering to any or all participants.

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

Face the real market. Tokoin provide a platform to build valuable partnership which will bring you into the engaging ecosystem consists of collectible business profiles profitable for business expansion.

Problems & Solutions

Problems

  • Unavailability of Data: Leveraging data has become an important part of modern business. Unfortunately, many MSMEs are still behind the curve when it comes to understanding the data they have and how the data can help them in decision-making. In the case of some MSMEs, this comes out as no surprise. Businesses like local restaurants and hair salons are largely offline and/or lack systems to collect data. Even when data are available, these are often siloed by the stakeholders in the industry. Nothing is shared, so there is no tangible benefit to the industry. In other cases, data are collected but not utilized due to a lack of data science expertise. Big Data, as they are popularly known, have become dominated by the largest corporations which have the resources to collect, store, and process a vast amount of diverse data.
  • High Barriers to Funding: Despite the huge number of MSMEs, the system of national licensing remains complex for the MSMEs to get authorization, and more than half of the operating MSMEs are enduring in the micro, informal sectors. As micro enterprises, many of them have to resort to individual funding when establishing their business. While MSMEs are, in fact, the dominant form of business entities, they start their business with a quite small funding and operate with limited facilities.
  • Scaling Up in the Emerging Markets: Most MSMEs do not produce enough to take advantage of the economies of scale. They also have low order volume, which means that they hold little leverage with suppliers and do no receive volume discounts. This results in higher production and transaction costs compared to large enterprises. Also, 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 similarly problematic. Large corporations can tap into rich global networks and leverage their low production costs to offer competitive products in any market they enter. MSMEs, on the other hand, lack these valuable networks and often struggle to compete in new markets.
  • The Absence of Reputation: Given those problems, MSMEs often feel trapped in a cycle of high costs, minimal financial support, and tough competition. At the root of this cycle is a lack of trust. 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.

Solutions of Tokoin

  • Establishment of Business Profiles: Tokoin platform gives MSMEs the opportunity to establish a reputation profile that helps them build trust from banks, suppliers, and other service providers. It is a solution that levels up the playing field so that MSMEs can get access to services that were previously unavailable. MSMEs which, for example, struggle to secure loans will now have a solution that allows them to approach banks with confidence. Service providers, in turn, will be given access to the reputation profiles of a diverse network of trusted MSMEs. They will be able to check these MSMEs’ reputation data at the tap of a button to help them make more timely and informed decisions. Additionally, with the revenue generated from data requests going directly to the MSMEs, it will be a win-win solution for both sides.
  • Provision of Access to Funding: One of the main barriers that most MSMEs face to survive in today’s economy is funding, while it is actually the power source for MSMEs to enable better productivity and answer the call for business expansion. Apparently, there are several terms and conditions set by the banks which MSMEs, in most cases, are not able to fulfill. One of them is credibility. MSMEs with lack of business profiles have been neglected in the emerging markets. To illustrate, start-ups are one of the business sectors that sprout recently in the society, and most of them were established just recently. Thus, they commonly have less than 5 years of operation and experience. 
  • Scaling Up through Access to Expansion Opportunities: Through a blockchain network, information data containing business transactions can be verified in the ecosystem. Tokoin utilizes data recorded in the blockchain network as a valid metric for building a business reputation. In other words, this reputation will be built based on a client’s buying behavior in trading activities, and this information will become an important part of the client’s profile. With this mindset, Tokoin is able to transform an accurate record of data into a valuable asset that MSMEs can use as a leverage to make up for their lack of conditions that can satisfy lending requirements, such as credibility scoring. This will let MSMEs as users get access to the financial services needed to achieve business growth.

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