❤ tokoin ❤

About the Partnership

Tokoin is using blockchain technology to solve the issues faced by the MSME sector in emerging markets of ASEAN nations. We have already started the operation in Indonesia, where the MSME sector accounts for more than 50% of the GDP. These MSMEs are typically based in rural areas, and usually, lack legal documentation and long term credit history. This discourages banks from providing them with loans. Many of these industries simply perish owing to the lack of financial assistance. We at Tokoin are solving this problem by creating a blockchain-based data record for MSMEs to upload their KYC data, create verifiable digital identities, and associated details of their financial transactions with these identities. These records would help establish reliable trust scores for these enterprises. When an MSME approaches a bank for a loan, the bank would be able to analyze its trust score on our blockchain platform as a substitute to credit history.