Tokoin

Tokoin offers a blockchain-based platform designed to establish a digital identity and reputation for Micro, Small, and Medium Enterprises (MSMEs). Founded in 2018 by Reiner Rahardja and based in Jakarta, Indonesia, the company aims to address the challenges MSMEs face in emerging markets, particularly in accessing financial services. Rahardja, recognized as a successful young entrepreneur in Indonesia, began his career as a top salesperson while at university before launching his own successful food businesses. His background in business and his efforts in mentoring other entrepreneurs inform Tokoin's mission.

The core of Tokoin's business is to create a verifiable digital profile for each MSME on its platform. This profile, built from business transaction data, serves as a credible reputation score for financial institutions and suppliers. By leveraging blockchain technology, Tokoin ensures that the data is transparent and immutable, fostering trust between MSMEs and their potential partners or lenders. The platform gathers data through processes like Know-Your-Customer (KYC) registration and by tracking an enterprise's transaction history and cash flow. This information is then processed to create a credit scoring that reflects the business's reliability.

The business model revolves around its native cryptocurrency, the TOKO token, which is integral to the ecosystem. MSMEs act as data providers by submitting their transaction records through a dApp, and this data becomes a valuable asset. Financial partners and other service providers can access this verified data by staking TOKO tokens, creating a monetization stream for the MSMEs. This model is designed to lower financial inclusion barriers and increase economic opportunities for small businesses. The TOKO token, initially an ERC-20 token, has expanded to the BEP-20 network and serves multiple functions, including as a reward, payment, and utility token within Tokoin's DeFi and NFT ecosystems. The company has pursued growth through strategic partnerships, including collaborations with the crypto exchange KuCoin to enhance liquidity and market reach.

Keywords: MSME financing, digital identity, blockchain credit scoring, Reiner Rahardja, TOKO token, decentralized finance, financial inclusion, emerging markets, business reputation platform, B2B partnerships, data monetization, Jakarta startup, cryptocurrency, blockchain for business, supply chain finance, digital ledger, asset tokenization, KuCoin partnership, DeFi lending, NFT marketplace