Nikki Grey
1 min readSep 8, 2019

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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 formore 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

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