MSME is transforming the Small And Medium Enterprise Sector With Blockchain Technology
Blockchain technology has emerged as a revolutionary concept in the past decade with the advent of cryptocurrencies. Cryptocurrencies transformed the way we think about finance, while blockchain application has extended to different sectors from entertainment, sports, health, etc.
Despite the growing blockchain adoption rate, micro, small and medium enterprises have struggled to leverage this novel technology within their ecosystem. This is due to the complex nature of blockchain products.
MSMES is an innovative blockchain platform that seeks to bridge this problem by building innovative products and features geared towards businesses globally. The blockchain platform seeks to create an ecosystem where micro, small and medium businesses can access financing irrespective of their financial status or location.
An Extensive Ecosystem
MSME has built an extensive ecosystem consisting of 10 major components designed to ensure total crypto adoption among micro, small and medium enterprises.
MSME technologies are built using a two-system model: The first is a trust system that integrates two network infrastructures — centralized and decentralized to deliver p2p products and services via MSMEs Apps. The second is a trustless system that uses fully decentralized data multi-blockchain infrastructure to provide p2p products and services through the MSMEs Apps.
These two systems work in synergy and enable enterprises to access the very best blockchain-based services. MSMEs applications are a key component within the MSMEs ecosystem and are built on a three-network architecture that includes a centralized, distributed and decentralized system.
The apps will possess multi-functions and can initiate transactions for multiple currencies and blockchains. Businesses will deploy the apps within their systems and leverage low transaction fees and fast confirmation times on their transactions.
MSME has already stated plans to release 20 MSME P2P apps that will be targeted at 20 enterprise groups, including the consumer market and government institutions. MSMEs has also developed a marketing structure designed to drive the adoption of MSMEs Apps called MSMEs Network.
This unique network system involves four main participants, including Network Managers, Network Cooperatives, NGOs and influencers. Each participant has roles within the networking system and will work in synergy to promote MSMEs apps and services in return for rewards. Participants are compensated from MSMEs token allocation and transaction fee sharing.
MSMEs also has an initiative program that is designed to meet the needs of different ecosystems. Each initiative is targeted towards achieving goals by developing and deploying software solutions that suit the needs of participants. MSMEs intends to release initiative programs across different sectors like Agriculture, health, supply management chain and more.
MSMEs is also redefining crypto investment securities with its MSMEs Financing product. MSMEs Financing was created to provide a proof of concept (POC) system that ensures proper financing for small and medium enterprises.
To achieve these goals, MSMEs integrates its decentralized financing product Truss, which provides seamless access to finance while assuring security for investors and enterprises that receive investments.
MSMEs also takes blockchain education seriously and integrate an academy into its ecosystem. The MSMEs Academy provides a simplified educational approach by ensuring MSMEs have a good understanding to leverage opportunities within the crypto and blockchain ecosystem.
The MSME Foundation is a non-profit organization that will support the MSMEs ecosystem and foster adoption. It is an integral part of the MSMEs platform and will be funded from token allocation, transaction fee sharing and donations from the MSME Global Village community.
MSMEs Coin
MSMEs Coin is the utility token that powers products and services developed in the MSMEs ecosystem. The BEP 20 token is designed to have several use-cases and will be deployed within the various p2p applications tailored to the needs of MSMEs.
Holders can use MSMEs Coin to fund accounts, participate in donations and group contributions, pay fees, contribute to Truss Vault and access saving and staking services. MSMEs will be allocating a limited supply of 10,000,000,000,000,000 that will be distributed within a fair and transparent system.
Early holders will be able to make solid profits from a coin that will be deployed in the systems of thousands of enterprises globally. MSMEs has also stated plans to list the token on several centralized exchanges in the future.
To learn more about MSMES, follow the links below.
