Tokoin is a digital platform dedicated to accelerating micro, small, and medium enterprises (MSME) by building credit scoring through blockchain data distribution.
MSME contributes 40% to GDP growth and 60% to total labor demand in Indonesia. Tokoin wants to create a full-scale digital infrastructure for MSME and allow them to build Digital Business Identity - it is a set of data containing KYC information, routine transactions, and behavioral records which are stored in a Decentralized Ledger.
By using Tokoin ecosystem MSME can run their business operations effectively and utilize transaction data as valuable assets. These assets can be appropriately used as credit scoring to comply with service requirements for business, such as loan credit, logistic services, product sourcing, and business insurance. Tokoin presents real-time data of user activities with encryption that secures the data exchange.
The data collected by MSME will help them in their business development by providing qualifying and reliable data to their creditors and partner companies. For MSME, this data set will reduce their credit risk and increase the company's price. This data can also level country and business risks caused by prejudice and lack of information.
ToKoin team has a very strong presence in Indonesia and plans to expand its reach to the whole South-East Asia region. According to our information, team has successfully raised a private round of 12 million and looking to conduct an IEO for a very limited amount on a reputable Chinese exchange.
Team experience is solid and consists of entrepreneurs and developers from Indonesia. Company is registered in Singapore
The project is planning to conduct an IEO soon!
