Since blockchain technology hasn’t been widely implemented, it makes sense that the SMB community considers it to be the most difficult emerging technology to understand.

But with over $1.3 billion invested in blockchain companies during the first five months of 2018, leaders in tech and finance believe the technology will become mainstream and revolutionize the way we do business.

Small- to medium-sized businesses that implement blockchain technology could safely and securely store their customers’ most sensitive information, like personal data and passwords. And companies that decide to adopt blockchain technology after it becomes commonplace could lose customers to the businesses who already protect their customers’ data with the technology.

It’s possible that Blockchain technology will eventually impact your industry and business in one way or another, so if you don’t know exactly what blockchain is or how it works, here’s a quick two minute rundown.

What is blockchain?