Blockchain technology is difficult to understand, but the general idea behind it is quite simple. At the core, blockchain is a big global distributed database running on millions of devices open to the world, where anything of value like for instance money, titles, music, intellectual property can be stored securely. On the blockchain, trust is established, not by powerful men in the middle – like banks or governments, but through collaboration between nodes. Blockchains ensure integrity and trust between strangers. Blockchains automate trust. They make it difficult to cheat. In other words, it’s the first native digital medium for value, just as the internet was the first native digital medium for information. And this has big implications for business and the corporation.