It's Alright is a song featured both on "Streets Is Watching" soundtrack and "Vol. 2... Hard Knock Life".
Most of "Streets Is Watching" songs are part of Jay-Z's Vol. 1 album & with videos which are part of the film/DVD, but this song is officially a Memphis Bleek single so they produced a fresh whole video for it:
You can see in the video bunch of Roc-A-Fella fellas such as DJ Clue, Dame Dash.
The song is also for some strange reason produced by Damon Dash (hip hop phenomenon & Jay-Z's ex-label partner/right hand).