Musk's DOGE Explores blockchain in Government

Musk's DOGE Explores blockchain in Government

Assessment

Interactive Video

Business

University

Hard

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The video discusses Elon Musk's plan to use blockchain technology to improve government efficiency. It explores potential applications such as tracking federal spending and making payments. The video also addresses skepticism based on past attempts by companies to use blockchain, highlighting the mixed success of private blockchains. Musk's interest in public blockchains is noted, along with the challenges they present.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are some potential applications of blockchain technology that Elon Musk is considering for government efficiency?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How have previous attempts to use blockchain technology in various companies been characterized?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What skepticism exists regarding the implementation of blockchain technology in government as discussed in the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What distinguishes Musk's interest in blockchain from previous efforts by companies?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges might Musk face when using public blockchains for government applications?

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