TED: How the blockchain is changing money and business | Don Tapscott

TED: How the blockchain is changing money and business | Don Tapscott

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

11th Grade - University

Hard

Created by

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FREE Resource

The video discusses blockchain technology, its potential to revolutionize various industries, and its role in creating a more equitable economy. It highlights the limitations of current centralized systems and introduces blockchain as a decentralized solution. The video explains how blockchain works, its security features, and its applications in financial services, land ownership, the sharing economy, and data privacy. It also covers the development of smart contracts on the Ethereum blockchain and the potential for blockchain to address social inequality.

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10 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the underlying technology of digital currencies like Bitcoin?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does blockchain technology address the double spend problem?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some of the problems associated with centralized intermediaries in the economy?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways could blockchain technology create an internet of value?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do miners play in the blockchain network?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

What are smart contracts and how do they function on the Ethereum blockchain?

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways can blockchain technology contribute to reducing social inequality?

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