Tokoin to Support the MSME’...

Tokoin.io visiting Hong Kong as our first global roadshow to introduce Tokoin Platform. Hong Kong as one of the world’s leading international financial centres, Hong Kong’s service-oriented economy is characterized by its low taxation, almost free port trade and well established international financial market.Hong Kong global trading flourished as they supported with the convenient supply chain industry, the shipping and logistics type of business. The fact was proven by the late 20th century, Hong Kong was the seventh largest port in the world and second only to New York and Rotterdam in terms of container throughput.Not only well known for its trading industry Hong Kong also popular for its tourism industry. The tourism industry is one of the major pillars of the economy of Hong Kong.In 2016, it contributed to around 5% of Hong Kong’s GDP and employed around 258.900 persons, accounting for about 7% of total employment. In 2017, total visitor arrivals rebounded by 3.2% over 2016 to 58.5 million, of which overnight arrivals rose by 5.0%. The Mainland continued to be the largest source market of Hong Kong, accounting for around 76% of our visitors. The total number of visitors rose further by 9.6% in the first quarter of 2018 over the same period in 2017, mainly bolstered by a 12.6% growth in Mainland arrivals.Tokoin aims to support the industrial sector with the targeted utilization of its use-cases. As for Hong Kong, the logistics and property use-cases. The MSMEs who often find, it is difficult to grow the business because of the difficulty of expanding by opening a new branch, or for the business people who have the needs for convenient access to their supply chain business needs.Tokoin can bring together for a convenient “meets the needs” between users and partners. As for the easy access to growing business through expansion, we can help you to generate the credibility of a valuable data record as your collateral.As a platform that leveraging blockchain technology to establish Valid identity and reputation of MSMEs. We offer a solution that allowing TOKOIN users to build a trust-able profile with security for all stakeholders in the ecosystem.In the world of MSMEs, there is one complex question that can`t be solved by the current system. Because of the needs of the transaction data capture, causing a roadblock in the MSMEs system itself. By leveraging Blockchain that emphasizing the decentralized capability to incentivize users who contribute to the network, by providing correct data is where TOKOIN roles play.The replication multitude of transactions could be made within minutes and yet guarantee. Data integrity needed by the MSMEs. So they could leverage their business in a sustainable way.By using blockchain it also means TOKOIN implement encryption that enables the system to transact faster but also secure.Tokoin carries missions to help MSMEs to; built a trusted profile with integrity, providing virtual ledger for each users transaction, lower financial inclusion barriers, and increasing economic capability of the whole MSMEs ecosystem.Website https://www.tokoin.io/Facebook http://bit.ly/TOKOINTwitter http://bit.ly/TOKOINIDInstagram http://bit.ly/TOKOINIGYoutube http://bit.ly/TOKOINSMSETelegram Announcement Channel https://t.me/tokoinupdatesTokoin to Support the MSME’s Acceleration of HK Trading and Tourism Industry was originally published in Tokoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

RECAP: TOKOIN’S FIRST QUART...

On this first quarter of 2019, Tokoin as a company started the year with an engagement activity. As a form of meet up, public discussion, and seminars. We met our potential users, partners, the government, and also our investors.We also held our soft launching and grand launching in this first quarter of 2019. The first agenda of Tokoin’s first quarter of 2019 was held in January, which is the soft launching.Tokoin Soft Launching: January 2019On this event, we were honoured by the presence of Gati Wibawaningsih, General Director of Small, Medium, Various Industry, Kementerian Perindustrian Indonesia. She opened this event with a message to all of the business people, alongside with the government to support the 4th industrial revolution.After the Soft Launching successfully held, we continue our agenda with the ignition of the national roadshow, visiting the big four cities of Indonesia.National Roadshow aims to directly get in touch with many type of industry specification which are the characteristic of each city. Such as tourism industry of Bali, trading industry of Medan and Surabaya, creative industry of Bandung and Yogyakarta.Tokoin National Roadshow: Medan, February 20192019 National Roadshow was a continuation of 2018 National Roadshow, the 2018 National Roadshow was an ignition of Reiner Rahardja, the CEO of Tokoin to introduce Tokoin to Indonesia’s industry.The last, but not least. It’s the Grand Launching of Tokoin. Was held on February, 27th at Jakarta was also a great success. With so much interest in our event attendance, Grand Launching event became our 2019 starting point as a business unit.We also had the opportunity to sign MOU agreements with several partners on this event; Pasar Polis, Sahabat UMKM, Shuttle One.Partners will act as our data users on Tokoin platform, which at the same time put value to the data itself. The more trusted, the more it becomes valuable.Tokoin Grand Launching: Partnership, MOU SigningTo continue the run, Tokoin continues the agenda of 2019 with a global roadshow that will hold in March. First run will be Hong Kong, on the 13th of March, and then Singapore, Vietnam and Korea.RECAP: TOKOIN’S FIRST QUARTER OF 2019 was originally published in Tokoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

Solving the Inconvenient Ac...

“SMEs are less likely to be able to obtain bank loans than large firms; instead, they rely on internal funds, or cash from friends and family, to launch and initially run their enterprises” Worldbank.According to the global record, Formal SMEs contribute up to 60% of total employment and up to 40% of national income (GDP) in emerging economies. The number got even higher when micro and informal SMEs are included. However, access to finance often constraint MSME’s growth. Within the absence from access to capital, many MSMEs find it difficult to grow, not infrequently comes to stagnation, or even languish.To be compared with large firms, SMEs are less likely able to obtain bank loans. This is when we talk about formal SMEs, what about the informal? The financing gap is even larger when micro and informal enterprises are taken into account. The number increases to 70% of the micro, small and medium-sized enterprises (MSMEs) in emerging markets still lack access to credit.Financial institution as bank or insurance, require credit scoring or credibility status to whoever who wants to apply a credit proposal. Though MSMEs has a massive contribution to the emerging market, the absence of credit scoring and lack of credibility status makes them very hard to obtain future financial institution’s fund.What we doA key area of the Tokoin work is to accelerate MSME’s through convenient access to finance and find innovative solutions to unlock sources of capital.Our approach is by enabling the blockchain technology on our platform, combining digital identity and digital ledger to build MSMEs credit scoring services, to increase MSME’s economic scale. This technology has a similar function as the bank account for its transactional recording. However, the blockchain gave their user authority to themselves. Each user are liberated to share assets to whoever they trust, directly.With this proper technological implementation, we facilitate the MSME sector to embrace economic inclusion.The idea is to bring prosperity to MSMEs. On this modern business ecosystem, Tokoin allows the MSMEs on having the financial records as similar as with the bank. Every transaction that is initiated through Tokoin’s platform is accurately recorded with timestamps.By thus, Tokoin facilitates MSMEs to have a better record of financial transactions, as a form of credit history to build the credibility status of their business. The transaction history of the MSME initiation is a guarantee of business feasibility to access various business solutions.Solving the Inconvenient Access to Credit of MSMEs was originally published in Tokoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

While Funding is The Soluti...

Every business yearns growth opportunity, including the player in the MSME sector. Despite their contributions to the workforce and financial, MSME face many challenges in business operation from the daily basis to the long term growth.Most MSME lacks the access to funding that allows them to expansion opportunities. According to a study from the World Bank, there are around 200–245 million(1) of MSME from the formal and informal sector that couldn’t earn business loan.The same condition happens in Indonesia. Although many are aware that business loan can drive MSME to growth, still there are many rejection cases of business credit appliance. During 2018, credit net expansion reached only IDR 34.549 millions from the total of IDR 309 millions, or only 11%(2). Meanwhile, inequality is also seen on the credit account. Recorded by Indonesia Minister of Communication, there are 59.2 million(3) unit MSME. But only 16 millions of them possess credit account(4).There are two types of requirement stated by banks for MSME credit appliance. First is the general requirement in the form of legal document that proves the validity of a business unit. On the first step which is the KYC, MSME couldn’t even fulfill the necessities. More even there are many MSME still operating in the unauthorized, informal sector. For instance, the Trade Business License and Company Registration Certificate. Lackness of legal documents also burdens them to do their tax report.Some other factor such as the business location of MSME in the rural areas complicates the problem. They fail to routinely report their financial operation to the bank institutions. Illiteracy in digital aspect also strains the possibilities to generate proper management and financial record. Moreover, special requirement such as long term investment plan is difficult to complete for small scale MSME.Other than document requirements, there are some more variables acting as the validity of credit analysis from bank institutions. First, Capacity. Even when the MSME are already qualified in the term of economy capacity, they are still unbankable due to the document incompleteness, both on the aspect of legal documents and transaction record of their daily business operation.From this transaction records, the bank wants to ensure that the business generates adequate revenues regarding the loan repayment. Unfortunately, on the MSME process, transaction records are done manually and unreported. Valuable transaction data are not generated.Next are Capital and Collateral. A survey by Bank of Indonesia shows that most MSME do not possess any property which can be used as collateral. This is contradictory with the requirement form bank which usually contains the existence of a collateral asset to secure the repayment of the loan. Large and Multinational Enterprises that already own a property have no problem to access bank loan. This is ironic for MSME because to expand their business, firstly they need to own their own property. Almost all bank loan requires collateral as the mechanism of mitigation risk.Credit analysis also sees Character. Generally, the bank will set up an individual interview with their debtor to gain insight into how trusted is their debtor. The last one is Condition of economic, related to the condition of the background economic condition of the specific area or the country.The options left for the MSME if the bank loan is inaccessible are individual credit, even sometimes with high and unmeasurable interest rate. This could be dangerous to MSME growth and affect the economic condition.Another safer option for MSME is utilizing the technology infrastructure to make a structured, compiled record of their data as a valuable asset. In a business ecosystem, relevant data has an important role to analyze and reveal the crucial business aspect, for instance, market potential and product dispersion.Blockchain technology facilitates the processing and distribution of data between related participants in the ecosystem. If only the MSME possess complete and competent data in the form of valuable asset, the bank could obtain substantial and appropriate information about the character and credibility of a business unit. In Tokoin, data information from MSME will be validated as the asset that contains values. The asset valuation is the solution for MSME to reach the bank as the form of credit scoring.While Funding is The Solution, But The Requirements are The Strain was originally published in Tokoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

Public Discussion: Business...

MSMEs are one of the biggest economic driving force in developing countries, one of which is Indonesia. Indonesian MSME contribute 60.3% of revenues from Gross Domestic Product (GDP) and 97% of the national labour.Nevertheless, MSMEs still cannot escape the problems that have previously hampered the growth of their respective businesses. MSMEs find it difficult to get funding assistance from financial institutions. As many as 40% of MSMEs in developing countries have not been accessed by financial institutions.Knowing this fact, Tokoin gathered various parties, ranging from business people, financial institutions and the government to unite ideas, trying to elaborate on the problems that are faced by MSME, through the Public Discussion: “Business Solutions to Accelerate MSMEs in Emerging Markets”.Also present were Gati Wibawaningsih, Direktur Jenderal Industri Kecil dan Menengah, Kementerian Perindustrian Indonesia. Opening this public discussion, Gati Wibawaningsih said that the collective work of the private sector and government is the key in advancing the Indonesian industrial sector. She invited all parties to collaborate to support Indonesia towards the era of the 4th industrial revolution for the sake of a better future for Indonesia.Public discussion as an effort to unite ideasThe Tokoin Public Discussion event was held with a talk show format hosted by Mutia Rachmi, Project Manager of Tokoin itself. This event presented four expertise, each of whom will express their opinion about how to accelerate MSMEs. The speakers at this event are Joseph Aditya — CEO of Ralali.com, Hadi Kuncoro — Supply Chain Expert from the Group CEO of PowerCommerce.Asia, Reiner Rahardja — CEO of Tokoin, and Gunhee Lee — Blockchain Expert from Blockcrafter, South Korea.As the CEO of Tokoin, Reiner Rahardja convey the reason why Tokoin “exists”. The problem regarding the absence of access to financial institutions is hampering the growth of the MSME business itself. For example, a grocery store that is almost certain to get a refusal when applying for a financial institution’s credit service. It is not considered feasible to be able to receive credit because MSME do not have an adequate infrastructure to establish credit scoring.Tokoin is present by offering a long-term solution in which MSMEs are facilitated to build their business credibility through digital records of their business transactions initiated on the Tokoin platform.“As an entrepreneur, I really understand the difficulties of MSMEs in Indonesia to develop their business. Through Tokoin we strive to be the liaison of the MSME to gain access to institutions that can develop their businesses such as banks, insurance, and so on”, said Reiner.Having a like-minded vision with Tokoin, Joseph Aditya as CEO of Ralali.com felt that facilitating MSME with platform that were able to build business credibility would truly be able to help MSME to accelerate. “MSME need a platform as an infrastructure to help MSME prove it’s credibility record…” he said.In addition, he also said that “In the era of the Fourth Industrial Revolution, business was no longer limited to the activities of buying and selling products only. But also how can data be recorded, secured and distributed efficiently and effectively”. Joseph Aditya saw Tokoin is able to do this by implementing the blockchain in its business ecosystem.Strengthening the statement of Joseph Aditya, supply chain expert, Hadi Kuncoro, justifies how technology demands almost all sectors to adapt in order to accelerate synergistically. Including, one of the industrial sub-sectors, the supply chain.“Both logistics and supply chain are required to adapt continuously to the technological advancements, considering this sector is one of the industries that is strongly supported by technological advances in methods and processes. For Tokoin this is the challenge to implement this technology in MSME supply chain process. Moreover, MSME productivity as Tokoin users will increase.”The blockchain, isn’t merely the crypto-exchangeThe implementation of blockchain technology is not only limited to cryptocurrency as exchange commodities. That happened in the beginning era of blockchain. Now the blockchain is undergoing a revolution. Blockchain 2.0 is more about blockchain utilization in business models.Blockchain experts from Blockcrafter, South Korea, Gunhee Lee explained the business model as to what blockchain is on the Tokoin platform.According to him, “Tokoin is unlike any other project because Tokoin aims to facilitate the needs of MSMEs, which will encourage rapid adoption of users and effective implementation. By answering the difficulties that have dragged on to the world of MSMEs, I am sure Tokoin will become a blockchain project that is very beneficial for the world of the MSME industry “.Public Discussion: Business Solutions to Accelerate MSMEs in Emerging Markets was originally published in Tokoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

What is Tokoin? Why is it S...

On this 4th industrial revolution, technology has become an important entity to brought convenience social impact. Without exception, the business world. The industrial revolution liberated mankind from the animal power dependency, mass production no longer a myth, leverage digital capabilities to billions of people.The 4th industrial revolution, or commonly known as Industry 4.0 represent the combinations of cyber-physical systems, internet of things, and the internet systems itself. Briefly, this is the smart business idea when machines are added to the web connectivity and connected to systems that can visualize the entire production chain.In society, every industrial revolution changed the way people live, work, and communicate. Without exception, the industry 4.0 itself. The evidence of this dramatic event marked by so many changes that occur at exponential speed. Fusing the physical, digital and biological worlds, affecting all disciplines, economies and industries, and even confronting the ideas about what means to be human.Then, what next?All the exponential speed of innovation is nothing if it is not followed with a well-secured system. This tech-industrial phase, security to the digital assets is mandatory. And what to secure? The answer is data. Data become the world’s most valuable resources.As an asset, data supposedly give their owners and users advantageous. But yet, weak security make the data can be easily stolen and being misused by others. The benefit that should be the data owner collected were disrupted.As a platform that leveraging blockchain technology to establish Valid identity and reputation of MSMEs. We offer a solution that allowing TOKOIN users to build a trust-able profile with security for all stakeholders in the ecosystem.In the world of MSMEs, there is one complex question that can`t be solved by the current system. Because of the needs of capture data transaction, causing a roadblock in the MSMEs system itself. By leveraging Blockchain that emphasizing the decentralized capability to incentivize users who contribute to the network, by providing correct data is where TOKOIN roles play.The replication multitude of transactions could be made within minutes and yet guarantee. Data integrity needed by the MSMEs. So they could leverage their business in a sustainable way.By using blockchain it also means TOKOIN implement encryption that enables the system to transact faster but also secure.Tokoin carry missions to help MSMEs to; built a trusted profile with integrity, providing virtual ledger for each users transaction, lower financial inclusion bariers, and increasing economic capability of the whole MSMEs ecosystem.To succeed the mission, Tokoin act as a pooled data platform that present real-time data of users activities (inc. Buyer Profile) with encryption that secure the data exchange that happening in the platforms; the data only can be access with the permissions from the data owner.As involved at this data exchange activities, MSMEs act as the data suplier, for that, MSMEs will be benefitted with; (1) Create their credible business profile, by processing user’s non-financial data to build credit scoring, (2) Enable easy access to funding applications, (3) Able to get a lower price through aggregated buying, (4) Earning points for making transaction, that able to be redeemed to discount or services.What is Tokoin? Why is it So Important for The MSMEs Business Ecosystem? was originally published in Tokoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

Lebih Tepat Sasaran, Inform...

Dalam dunia bisnis modern, “data” menjadi satu komoditas yang paling penting pada perkembangan sebuah bisnis. Jika diibaratkan dalam sebuah pertandingan olahraga, “Data” ibarat penentu kemenangan sebuah tim. Dapat meliputi banyak hal yang terkait pada informasi pasar, kebiasaan dari pihak-pihak pembeli, ketersediaan “Data” menjadi sangat penting dalam menentukan skala sebuah bisnis.Dapat mengakses data informasi pasar, pihak penjual — katakanlah brand company, atau suplier — , dapat merancang strategi marketing yang jauh lebih tepat sasaran dan tepat guna.Informasi pasar akan membantu pihak penjual mendistribusikan produk mereka dengan menyesuaikan profil-profil calon pembelinya, seperti, segmentasi demografi dan geografi, serta sektor bisnis calon pembeli (dalam ekosistem Tokoin: UMKM).Di sisi lain, pihak UMKM pun juga akan diuntungkan oleh harga yang lebih murah ketika berbelanja produk bisnisnya. Sebab, dalam ekosistem bisnis ini, penjual kini dapat mendistribusikan langsung ke pasar yang tepat, yang tentu saja akan memengaruhi penetapan harga terbaik untuk memenangkan pasar.Sebagai komoditas yang penting dalam ekosistem bisnis modern (digital), pencurian data seringkali terjadi. Data yang dipusatkan ke satu otoritas membuatnya tidak transparan. Sebut saja kasus “peretasan data” dalam server Facebook oleh Cambridge Analytica. Perusahaan tersebut mendesain perangkat lunak pengolahan data untuk memrediksi dan memengaruhi calon pemilih dalam Pemilu Presiden US tahun 2016 silam.Kasus tersebut menjadi bukti bahwa “Data” menjadi sebuah aset digital yang berharga. Keberadaan data dapat menjadi penentu bagi pihak-pihak berkepentingan dalam sebuah eksosistem.Dilansir dari laman The Economist, ekonom dunia sepakat bahwa sumber daya paling berharga di dunia modern saat ini sudah bukan lagi minyak, melainkan “Data”.“This abundance of data changes the nature of competition. With the existence of data, there are extra network effects. By collecting more data, a firm has more scope to improve its products, which will attract more users.” The Economist, May 6th, 2017.Ketersediaan “Data” memberikan penggunanya The all seing eyes pada setiap aktivitas dalam pasar dan seterusnya.Solusi dari ketiadaan “Data” untuk mengakselerasi ekosistem bisnisDengan mengambil peran sebagai pengolah data, Tokoin mengimplementasikan teknologi Blockchain sebagai pondasi digitalnya untuk meminimalkan kesalahan sistem, duplikasi data, atau bahkan human error.Dalam ekosistem Tokoin, data suplier adalah pihak pembeli, pihak mitra dan penjual yang kemudian akan memanfaatkan data tersebut untuk kebutuhan perancangan strategi marketing.Blockchain diterapkan untuk menyediakan tranparansi lewat informasi UMKM yang akurat, reputasi data yang aktual, dapat ditelusuri, serta sebuah metode yang memungkinkan setiap penggunanya tidak dirugikan dalam aktivitas bisnisnya.Sederhananya, teknologi ini memungkinkan terciptanya ekosistem bisnis yang aman, efisien, dan tepercaya.Untuk mendapatkan kemudahan dan keuntungan yang Tokoin tawarkan, pengguna platform menggunakan TOKO Token sebagai alat tukarnya. TOKO dimanfaatkan oleh UMKM untuk klaim diskon pembelian produk bisnis, sedang bagi mitra dan pihak penjual, TOKO dimanfaatkan untuk mengakses data yang UMKM setor ke dalam platform lewat proses KYC nya.Proses KYC mengharuskan UMKM untuk menginput data pribadi dan data bisnisnya. Di tahap ini UMKM akan mendapatkan wallet dan TOKO setelah menyelesaikannya. Data yang UMKM setor, direkam, disimpan, dan didistribusikan lewat sistem Blockchain.Mereka juga akan dihadiahi TOKO setiap kali data yang mereka setor diakses oleh pihak penjual dan mitra untuk kebutuhan bisnisnya. TOKO ini yang nantinya dapat UMKM gunakan untuk ditukarkan dengan berbagai manfaat dari platform.Lebih Tepat Sasaran, Informasi Atas Pasar Mudahkan Pebisnis Berakselerasi was originally published in Tokoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

Cara Tokoin dalam Membantu ...

Sebagai pemilik kedai kopi, hampir setiap bulannya Deni harus mengeluarkan uang untuk kebutuhan produk dan pembayaran faktur yang beragam sebagai modal usaha kedai kopinya.Modal usaha dalam bentuk tunai, atau aset yang dapat dimonetisasi dengan mudah, digunakan sebagai pembiayaan oprasional harian untuk badan usaha. Dengan memiliki informasi akurat mengenai modal kerja, Anda dapat merencanakan dan mengelola bisnis secara tepat. Sebagai tambahan, akan lebih mudah ketika waktunya untuk menentukan keputusan investasi.Dalam sebuah bisnis kedai kopi, modal usaha yang dibutuhkan akan mencakup:Dengan ilustrasi diatas, daftar belanjaan dan nominal di setiap bulannya tidak selalu sama. Karena daftar kebutuhan akan disesuaikan dengan persediaan bahan makanan.Sebagai pemilik kedai kopi, seluruh pembelian dan pembayaran bulanan, Deni harus menyesuaikan pengeluaran dengan alokasi dana usaha. Sebagai jalan keluar agar tidak mengganggu modal usaha saat menyeimbangkan dengan pengeluarannya, Deni mungkin harus mengurangi alokasi dana untuk bahan makanan.Dalam pembelian melalui platform Tokoin, Deni mungkin bisa menjaga dana usaha pada kondisi yang sehat. Sebagai turunan dari ekosistem bisnis B2B, Tokoin menawarkan berbagai manfaat yang salah satunya adalah menyediakan efisiensi dalam pendistribusian rantai suplai. Hal ini dapat memotong biaya apapun yang tidak diperlukan.Hasilnya, Tokoin dapat membantu Deni mengatur modal usaha untuk kedai kopinya sebanyak-sebanyaknya dengan menurunkan biaya pembelian. Karena Deni bisa langsung membeli produk tersebut langsung ke penjual.Efektivitas dalam pembelian dapat terjadi karena distribusi data di bawah platform Tokoin. Deni sebagai pembeli di ekosistem B2B memiliki informasi mengenai kebutuhan bisnis dan jumlahnya, yang telah dimasukkan sebelumnya. Informasi ini telah terekam sebagai nodes dibawah sistem blockchain dan membentuk beragam cara untuk didistribusikan secara langsung kepada siapapun penjual yang membutuhkan.Pendistribusian data ini memudahkan penjual untuk meletakkan produk mereka dengan lebih tepat kedalam suatu pasar tertentu, dalam kasus ini, Kedai Kopi milik Deni. Sebaliknya, sebagai pemasok data, Tokoin akan memberikan potongan harga kepada Deni sebagai keuntungan langsung atas pembelanjaanya. Lalu, reputasi bisnis yang baik dari timestamp transaksi melalui teknologi blockchain sebagai manfaat tidak langsung.Tokoin sendiri merupakan platform berbasis blockchain, segala data informasi dicatat secara akurat dengan menggunakan kriptografi, data tersebut disimpan kedalam blok, termasuk timestamp. Jika kumpulan data informasi telah dicatat kedalam blok, data tersebut menjadi abadi dan diatur oleh aturan dari jaringan. Setiap perubahan yang dibuat dalam setiap blok dapat membuat blok baru yang terhubung ke blok yang sebelumnya. Hal ini berarti ketika ada informasi masuk, informasi tersebut akan tetap ada disana. Informasi tersebut dapat dipercaya karena data tersebut tidak dapat diubah atau dimanipulasi tanpa meninggalkan jejak.Karena timestamp pada transaksi memiliki potensi sebagai bagian paling penting pada perkembangan bisnis, hal ini dapat menjadi ukuran apakah perusahaan tersebut dapat membayar kembali kewajiban seperti pinjaman dan estimasi jangka waktu yang dibutuhkan untuk pembayarannya. Hal ini dapat membantu institusi untuk menghindari masalah dengan para pebisnis yang beroperasi tanpa dana yang memadai.Cara Tokoin dalam Membantu Bisnis UMKM Tetap dalam Kondisi yang Baik was originally published in Tokoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

Recording of Transactions o...

Recording of Transactions on the Blockchain Platform Encourages Economic Inclusion“Penerapan inklusi keuangan secara konsisten terhadap sektor UMKM mendorong penguatan sistem finansial dalam jangka panjang.” — Former Deputy Governor of Bank Indonesia, Ronald Waas.Economic Inclusion is very vital for a healthy business ecosystem, especially for the MSMEs. It rules out the needs for intermediaries charge. Economic inclusion can also enhance the opportunity for MSMEs to thrive by becoming more competitive in the emerging market.The economic inclusion will stimulate the economic activities for businesses on having a convenient access to the bank and other business solutions services.Entering the digital era, almost every aspect of life is implemented with technology, without exception the industrial sectors. e-Commerce, fintech, and now blockchain. It is believed that the blockchain will make the opportunity for MSMEs to grow even wider.The proper technological implementation become the groundworks of economic inclusionThe idea of economic inclusion is to bring the prosper to society, but also cannot be denied that it was hard to accomplish. On the conventional business, convenient access to credit or financial solutions will also be risking the financial system stability.The numbers of bad credit risk are too high without careful regulations. The credibility of a creditor must be trusted, the financial record must be legitimate. The cash flow of the creditor record will form a financial record that leads to the credibility assessment.On the modern business ecosystem, digital technology allows the MSMEs on having the financial records as similar as with the bank. Every transaction that is initiated through a digital platform is accurately recorded with timestamps.As for digital asset security, modern technology believed that blockchain is now the most suitable platform to support the healthy business ecosystem with effectiveness and safeness.This technology has a similar function as the bank account for its transactional recording. However, the blockchain gave their user authority to themselves. Each user are liberated to share assets to whoever they trust directly. And most important from this, users wouldn’t be burdened with unnecessary cost as the bank did.Blockchain technology makes SMEs able to reach the top tiers producers and get lowest manufacture price possible and manufacturers are able to spread their product to their own market.In blockchain based platform, all the data information is accurately recorded using cryptography, and stored in blocks that have timestamps. If a set of information is already recorded in a block, they are immutable and governed by the rules of network. Every change made in each block will create a new block that has link to the previous blocks.This means that once the information is there, it stays there, cannot be changed or manipulated without leaving traces, creating a corrupt free system. This design system makes blockchain secure and decentralised. There is no single point who collect all the data that is vulnerable to hacking. Based on this blockchain design system, Tokoin is a great tool for storing information in terms of security. By enabling the blockchain technology, TOKOIN creates an efficient, secure and trustworthy business ecosystem.By thus, MSMEs can utilize the blockchain, recording financial transactions to replace credit history as a step to build the credibility of their business. The transaction history of the MSME initiation is a guarantee of business feasibility to access various business solutions.Recording of Transactions on the Blockchain Platform Encourages Financial Inclusion was originally published in Tokoin on Medium, where people are continuing the conversation by highlighting and responding to this story.

Pencatatan Transaksi dalam ...

Pencatatan Transaksi dalam Platform Blockchain Dorong Inklusi Ekonomi“Penerapan inklusi keuangan secara konsisten terhadap sektor UMKM mendorong penguatan sistem finansial dalam jangka panjang.” — Mantan Deputi Gubernur Bank Indonesia, Ronald Waas.Peran inklusi ekonomi sangat penting bagi ekosistem bisnis yang sehat bagi masyarakat dan pebisnis, khususnya pebisnis UMKM. Lewat inklusi ekonomi, biaya intermediasi yang tinggi dapat diturunkan. Hal ini turut pula meningkatkan peluang bagi pebisnis UMKM untuk dapat bersaing dengan pebisnis-pebisnis besar di pasar berkembang.Pasalnya, inklusi ekonomi akan menstimulasi aktivitas ekonomi bagi kelas-kelas bisnis yang sebelumnya tidak tersentuh langsung dengan sistem perbankan dan penyedia jasa solusi bisnis lainnya.Masuk ke era digital, hampir semua aspek kehidupan tersentuh teknologi, tak terkecuali sektor industri. Diperkenalkannya Blockchain menjadi angin segar bagi pelaku bisnis tanah air. Tidak terkecuali, sektor bisnis UMKM.Teknologi yang tepat menjadi landasan inklusi ekonomiTujuan inklusi ekonomi adalah untuk menyejahterakan masyarakat, tetapi tidak dapat dimungkiri jika memang dahulu inklusi ekonomi terkesan mustahil tercipta. Pasalnya, pada ekosistem bisnis konvensional, akses kredit mudah membuat risiko stabilitas sistem ekonomi terganggu lebih besar.Risiko kredit macet sangat besar jika akses kredit diberikan tanpa pra-syarat dan prosedur yang serampangan. Kredibilitas calon peminjam dinilai dari seberapa meyakinkan dan tepercaya catatan keuangan yang ia miliki. Arus kas masuk dan keluar membentuk pencatatan keuangan yang mengarah pada sistem penilaian kredibilitas.Dengan kata lain, akses kredit dan berbagai solusi bisnis lainnya hanya dapat dinikmati pebisnis besar atau para pemilik modal besar saja.Pada ekosistem bisnis modern, teknologi digital mampu memediasi kebutuhan pencatatan keuangan UMKM. Setiap transaksi yang diinisiasi lewat platform digital tercatat secara runut dan aktual.Pada pencatatan terkait aset digital, blockchain dipercaya menjadi platform yang untuk saat ini dinilai paling tepat untuk diterapkan untuk mendorong inklusi ekonomi.Secara sistematika, blockchain bisa dibilang mirip dengan buku kas di bank untuk pencatatan transaksi. Perbedaan dari keduanya adalah, otoritas pada pencatatan transaksi tersebut dikembalikan kepada sang pemilik. Sedang pada dunia perbankan, otoritas dipusatkan pada institusi perbankan.Setiap informasi yang direkam di dalam platform Blockchain diamankan menggunakan sistem kriptografi. Hal ini memungkinkan pemiliknya untuk memberikan akses kepada semua orang agar dapat melihat catatan tersebut, tetapi tidak dapat mengubah isi dari informasi tersebut.Dengan demikian, UMKM dapat memanfaatkan blockchain, pencatatan transaksi keuangan untuk menggantikan riwayat kredit sebagai langkah untuk membangun kredibilitas usahanya. Riwayat transaksi yang UMKM inisiasi menjadi jaminan atas kelayakan bisnis untuk mengakses berbagai solusi bisnis.Pencatatan Transaksi dalam Platform Blockchain Dorong Inklusi Keuangan was originally published in Tokoin on Medium, where people are continuing the conversation by highlighting and responding to this story.