#Introduction##
Over the most recent few years, a new development was brought into the limelight called blockchain technology. This is only a ledger online for keeping information of people who use it. It is a very reliable, safe and quick way to deal with enjoying great information management. Presently, bringing this into online marketing, a better of putting away information can be assured to those who participate, those who purchase and those who sell and furthermore their payments being made (invoices, limits etc).MSMEs being an emerging market operate on retail marketing i.e selling items to consumers through channels like stores. Putting center around the economic lifts in developing countries, a noteworthy reason for this is their presence in these countries. This is additionally true for the economy of the world on the loose.
##Problems, Hindrances and Challenges confronting MSMEs##
1.Not having an idea with respect to what their information entails, what it can accomplish for them and how it can help make their business better.
2.They have failed to pick up trust and support in the eyes of banks to allow them credits.
3.They need more creation rate to meet the economic standard (in the sense that they produce little as compared to others) and due to this, many individuals don't place their orders with them(be it for business to business services i.e B2B or business to customer services i.e B2C), because they can't provide in large amount if that is what is required of them.
An advancement called Tokoin has been made to help solve these challenges confronting them and thereby making the economy of the world better.
What is Tokoin?
This is a stage which has been created to help solve the issues restricting them which is a market that is emerging by making it possible for general society to see it as legitimate in the business world. It likewise present the open door for business to improve from the inside by realizing partners from different parties in their especially basic niche of business. The token for this stage is called TOKO. These tokens with the the MSMEs serving as merchants can be used to reward companies which are involved in its platform.It will be come as focuses to recognize levels to which they deserve it.
This stage can solve the problems of MSMEs by doing some salient things. As a matter of first importance, so as to address the issue of trust the stage has made available a means of checking identity digitally and putting away the information of users, be it exchanges made, checking for those who are credible, so as to create a decent profile for them by utilizing a non centralized
application called tokoin dApp, with the goal that customers can see their repute and patronize them. Additionally these information can help in giving them opportunities from investors, and furthermore in them getting credits. What's more, finally as said before, giving partnerships.
#Conclusion#
In the event that the government can step up and assume a noteworthy role in making this sector a better one, then the economy of such a country will undoubtedly progress. All to the way that everything isn't possible by the government, tokoin comes in to make life easier for the MSMEs.