The SWOT analysis is coming on the heels of the need to know the positives and negatives of TOKOIN so as to give MSMEs full prior picture of what they are to go into. It provides a comprehensive information about Tokoin strengths, weakness, opportunities & threats.
ABOUT TOKOIN PLATFORM.
The Tokoin platform is a blockchain based platform designed to give micro small & medium enterprises (MSMEs) an authentic reputation & a digital business identity. It is poised towards creating a process/system that provides an impenetrable but accessible infrastructure for recording of MSMEs transaction data(information). This information when stored with will be used to create an alluring business profile that will attract investors and also provide financial institutions with the necessary information for providing crediting facility. Tokoin is a meeting point, a lending marketplace where MSMEs in dare need of a loan meet banks who can give them loan without hassles, MSMEs data (information) stored are further enhanced using the credibility score system. The credibility score system determines the amount & type of investors that an MSME platform can attract.
A SWOT ANALYSIS OF THE TOKOIN.
- STRENGTHS OF TOKOIN:
*Tokoin has blockchain technology as it infrastructure and this makes it much more different & better than most centralized platforms.
*The service that the Tokoin offers are not just viable but are also real & pressing in almost every economy.
*The Tokoin platform gives MSMEs a facelift & exposure via a specially designed cross merchant royalty program and so many other incentives that makes the Tokoin platform conducive & beneficial for merchants and MSMEs.
*Tokoin comes with an array of features capable of solving real-time challenges. It has the Tokoin dApp for capturing & storage of all captured data of MSMEs in a blockchain enabled distributed ledger, the Tokoin dApp gives MSMEs a leeway to build credibility based on the amount of transaction data that is recorded by the Tokoin dApp.
*Also With The Tokoin POS functionality offline merchants can easily record their transactions in the blockchain enabled distributed ledger system. This feature will further help MSMEs to build their digital business identity, promote cryptocurrencies, accommodate all social-class provide a channel for the society to be a part of not just the Tokoin project but also the blockchain technology.
WEAKNESS OF TOKOIN
Determining the weaknesses of the Tokoin have always been a herculean task because the project initiators developed the project on the premise of extensive research.
TOKOIN OPPORTUNITIES
The platform provides a win-win situation for both the MSMEs & the investors by ensuring that all participants are duly attended to. It creates an equilibrium of desires and interest by ensuring that merchants(MSMEs) will base on their data get alluring digital business Identity profiles for securing loans. Investor/financial institutions on the other hand are having the requisite & authentic information to required to make decisions regarding the type of MSMEs to lend their funds to, in other words the Tokoin joins the right MSMEs with the right investors/financial institutions.
TOKOIN THREATS.
The societal awareness level of the Tokoin is still very low and so it requires the massive & conscious engagements of TOKOIN team whom will enlighten both the learned & unlearned in the society. Even though the platform relies heavily on blockchain technology for it's security their is need to ensure that the data credibility is not threatened or undermined because data credibility is the core essence & mainstay of the platform and so Tokoin must contionously put up concerted efforts into ensuring that the dApps operate maximally & effectively.
CONCLUSIONS
The Tokoin blockchain enabled project brings expansion, growth, development, flexibility & transparency in trading & lending services within the economy. It portends a system that increases the ease of doing business, reduce lending risk & then carry everyone along by providing online and offline modalities for engagement in the blockchain technology.
For more information visit:
Website
Telegram Chat
Twitter
Facebook
Medium
Instagram
Linkedin
Author
Bitcointalk username: Freny250
Bitcointalk links : https://bitcointalk.org/index.php?action=profile;u=2528207