Digital Wallets Would Be Useful Amid Virus Outbreak: Radian Partners

The video discusses the concept of Universal Basic Income (UBI) and its acceptance by central banks, particularly in China. It explores the use of digital wallets and the associated privacy concerns, especially in the context of contact tracing during the pandemic. The role of machine learning and AI in managing crises and valuing data is highlighted, emphasizing the need for decentralized data trust and digital transformation.

What is one of the main challenges of implementing Universal Basic Income (UBI) without identity verification?

• Complex tax implications

• Difficulty in tracking effectiveness

• Lack of public support

• Increased government spending

How does the use of digital wallets enhance contact tracing during a pandemic?

• By providing a reliable way to track movements

• By storing medical records

• By tracking spending habits

• By making it harder to leave home without a phone

What is a significant difference between the US and China regarding privacy and public health measures?

• China has less negotiation on privacy

• The US has a more cashless economy

• China has stricter privacy laws

• The US implements faster public health measures

What is a proposed solution for managing data during global health crises?

• Private data ownership

• Increased government surveillance

• Decentralized data trust

• Centralized data storage

Why is it important to have privacy-preserving strategies in data management during crises?

• To increase data collection speed

• To protect individual privacy

• To ensure data is easily accessible

• To reduce data storage costs

What has the pandemic accelerated in terms of digital transformation?

• The decline of digital tools

• The integration of digital technologies

• The reduction of AI usage

• The elimination of chatbots

Which technology is highlighted as being rapidly adopted due to the pandemic?

• Chatbots

• Virtual Reality

• 3D Printing

• Blockchain