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Blockchain: Societal Impact

4 minutes 38 seconds

Now Playing As: Captioned (English) (change)

This video explores the diverse and transformative impacts of blockchain technology beyond financial applications. It introduces key concepts like NFTs (non-fungible tokens) and examines the blockchain's role in enhancing trust and communication, reducing wealth gaps, and improving energy efficiency. Highlighting potential societal benefits, the content also addresses the regulatory challenges and environmental concerns posed by blockchain, particularly those linked to proof-of-work systems like Bitcoin, while recognizing proof-of-stake as an alternative. The discussion emphasizes blockchain’s potential in overcoming systemic biases and advancing financial inclusion, relevant to curriculum topics on technology, economics, and social studies.

Media Details

Runtime: 4 minutes 38 seconds

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