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In this video, Entrepreneur Network partner Mars Discovery District features Aion Foundation CEO and Founder Matt Spoke, who explains the technology of blockchain as “an open distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.”
Notably, blockchain is one way for communities with underdeveloped financial infrastructures to get easier access to banks, including setting up accounts and taking out loans. Looking forward, blockchain may act as a tool with which people can exercise more control over their own data.
Moreover, blockchain can take this control of information out of the hands of powerful government entities. Therefore, people can experience a democratization of the flow of ideas.