Over the past few years, an important innovation colloquially known as the Blockchain has emerged as a potentially disruptive technology. The core of the innovation is built around the concept of a distributed cryptographic database. The database, also referred to as the ledger, is maintained by a network of computers. The ledger makes it possible for the entire network to create, evolve and keep track of an immutable record of transactions. The most successful blockchain application has been Satoshi Nakamoto’s cryptocurrency known as bitcoin and its underlying Bitcoin platform, which he outlined in his seminal paper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” in 2008. This powerful technology has so far been implicated in the numerous cryptocurrencies that exist online. Financial institutions are only beginning to understand the potential applications of blockchain in conventionally regulated industries.