June 26, 2019 2 min read

Opinions expressed by Entrepreneur contributors are their own.

In this , partner Mars Discovery District features Aion Foundation CEO and Founder Matt Spoke, who explains the 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.

To hear more about the details of the blockchain, click the video.

Related: How a Bill Gates Prediction Helped This Entrepreneur's Company Blossom

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Click here to become a part of this growing video network.