Tokoin Details - 2019

Tokoin Provides Fair Business Environment for MSMEs
Tokoin is an Indonesia-led project that understands the complications of MSMEs from the very root of the problem. In fact, the MSME industry appears as a major player in Indonesia’s economy, totaling to more than 50% of its GDP, which served as one of the factors leading to the creation of Tokoin.
In order to address the two key challenges of MSMEs, namely, the aggressive competition and lack of credibility, Tokoin has put forward an innovative solution. The Tokoin platform is a place that establishes the identity of MSMEs as an acceptable reputation in the business ecosystem. To do so, Tokoin employs the digital sector as a facility.
As an ultimate goal, Tokoin strives to provide MSMEs with a solution to the problems they are facing by building a digital identity for them, by leveraging the data by putting value into them, and by encouraging business partnerships.
As MSMEs obtain Digital Business IDs, they can record and keep track of their business operations in a digital ledger. At the same time, Tokoin enables them to distribute the credit scoring to other partners present in the Tokoin ecosystem. Such ecosystem exists to benefit the participants and is being fueled by data distribution.
The value associated with the shared data serves as an indicator of credit scoring that adds to the reputation of the business ID. As a result, the data are used to generate collaboration between participants.
Tokoin’s platform TOKO token acts as a means of interaction between the members of ecosystem. The token is utilized as a reward when a participant in the ecosystem sends transaction data and validates the data.

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