- What benefits do blockchain provide in business-to-business collaborations?
- trust less
- cuts out middle men
What property of a blockchain does the name “Permissionless” refer to?
Anyone can join and use the protocol for transactions, as a node or as a miner.
What are 3 examples of permissionless blockchains?
Who are allowed to join a permissioned blockchain network?
Those chosen and trusted by the governing body.
Why do you think permissioned blockchain networks are preferred by many companies?
- controllable ie tope down governance
- fire wall around sensitive information
- obscures transparency