The Path to SME Transformation
Technology is a tool for SME to make bigger opportunities to accelerate their business. The blockchain is a technology that can assists business transformation. To fully embrace the technology-driven transformation, businesses must willing to learn and adapt to this blockchain change as revolution process. Based on the blockchain network, the business ecosystem will be built based on the decentralized governance of the network of the blockchain. All of the business participants will engage in a secure, efficient and transparent business process.
Small and medium enterprises (SME) now is a vanguard of modern business. In the past two decades, SMEs have managed to face the challenge of entrepreneurship, problem solving and creativity while bringing big impact to the economy. Their important role for the economic aspect of a country can be seen from increasing job opportunities, and gross domestic products including net export, which is the sign of healthy and productive business ecosystem in a developing country.
Answering the needs of the market, SMEs supply essential products and services for mass consumption on a daily basis, covering many business functions, from the automotive workshops to facilitate a private and public convenient transportation, to a grocery store that supplies everyday needs. For instance, when a housewife needs something for the kitchen, she can easily find any grocery store nearest to her house to get what she needs. Another example, if any motorcycle driver, need to patch the tire, they can move over to the side of the road and find nearest automotive workshop which provides quick services from changing lube to fixing minor to medium issues of the vehicle.
To facilitate SME’s with greater opportunity in order to expand their businesses, Tokoin is extending technology and information towards SMEs. There will be a lot of business functions that can be fulfilled through Tokoin as the blockchain based platform. Through this technology up-gradation with blockchain utilization, one of the main support that Tokoin will bring for SME is the facilitation of procurement privileges, and spacious opportunity to the preferential access to loans, credit property and insurance support which are crucial to their business expansion in the near future.
Getting along with the pace in the business process of Small and Medium Enterprises (SME), Tokoin is setting up an easy to join and easy to use in the platform’s constituent for the role of SME as the buyer in the business procurement process. In this digital and internet era, any kind of information can be assessed from the internet. The swift flow of information has created a technology literate society with the habit of smartphone use. This habit has also adapted to many business procurement processes that are done in a digitized way. The online transaction has emerged as fulfilling necessities for the fast way of the business buying process. The digitized buying process is very likely to be switched to the blockchain network which will allow any transaction can happen with the trusted partnership, secured any data in the blockchain network to create better and efficient productivity.
The ecosystem of Tokoin is involving the financial and business service provider. Buyers as the stakeholder of Tokoin will be able to reach this financial and business services provider with utilizing token that is built within the platform. It will take time and years to transform the business. But now, SME can be a part of the journey. Tokoin is the gateway to the blockchain transformation that will bring benefit to run businesses more productively and to gain the long-term benefit of financing and funding.
