TomoChain — Tokoin Partnership Announcement
We are happy to announce the partnership with Tokoin — a digital platform from Indonesia dedicated to accelerating the Micro, Small and Medium Enterprises (MSME) businesses by building credit scoring through blockchain data distribution.
Tokoin is a Blockchain-based trade financing platform that establish identity and reputation of MSMEs that previously were not able to build trust profile acceptable by financial institutions. Tokoin provides digital infrastructure to build Digital Business Identity which contain KYC process, routine transactions, and historical behavior that stores in a Decentralized Ledger.
This partnership will open up opportunities for both projects to explore market expansion and increase the brand awareness where we are present. We will carry out mutual activities to educate the public and head towards reaching mass adoption by integrating blockchain power into enterprises.
Welly Salim, CTO of Tokoin stated that:
In Tokoin, we have committed to choose the best protocol as our base. The chosen protocol has to be foolproof, scalable yet compatible with the best current SmartContract technology, Ethereum. That is the reason we are partnering with TomoChain because TomoChain is potentially able to fulfill all the qualifications.
Long Vuong, CEO of TomoChain said:
We are glad to work with Tokoin to explore possible integration of Tokoin’s platform on TomoChain. Via our conversation over months, we believe Tokoin is well-positioned in its segment in Indonesia, and South East Asia. The partnership will benefit both parties in many fronts over coming years.
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