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What benefits do blockchain provide in business-to-business collaborations?
By providing a means to record historical transaction blockchain has bring about:
1.Trust in business dealings between the parties involved.
2.Instant access to relevant and authentic information.
3.Future business to business processes/transactions are likely going to take a new dimension when blockchain integrate other new emerging technology such AI,ML,Automation and IOT
blockchain technology allows the transfer of data/assets/value between two parties, while eliminating the need to rely on a third party to facilitate the said transfer
What property of a blockchain does the name “Permissionless” refer to?
What are 3 examples of permissionless blockchains?
Who are allowed to join a permissioned blockchain network?
Approved entities of an organisation/consortium/company running the network
Why do you think permissioned blockchain networks are preferred by many companies?
Flexibility of either fully centralised or semi decentralised,Varying degree of Transparency and anonymity can be employed while still able to record extensive transaction and overall GOVERNANCE over business sensitive information where there is no need for a consensus mechanism to agree to how changes are implemented.