Cryptocurrency and blockchain have quickly become a global phenomenon and hot topic in the business world and investing community. Known by most people, but understood by few. Cryptocurrency, an abbreviation of cryptographic currency, is a type of digital asset that uses blockchain technology. Benefits of blockchain include improves efficiency; reduces the cost of maintaining and reconciling ledgers; and provides certainty on ownership and history of assets. Understanding this new technology is the first step to understanding the importance of blockchain for companies and their clients.