Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#281
  1. What benefits do blockchain provide in business-to-business collaborations?
    A. Provides increased trust between parties, instant access to relevant & authentic information and a historical record of all transactions, alongside the means to record these entries.
  2. What property of a blockchain does the name “Permissionless” refer to?
    A. The main properties are Decentralize, Digital Asset, Anonymity & Transparency.
  3. What are 3 examples of permissionless blockchains?
    A. Bitcoin, Ethereum & EOS
  4. Who are allowed to join a permissioned blockchain network?
    A. Internal business users that are Authorized on the network like Admins.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    A. Because the companies want to keep their records secret and don’t want it on the open platform for everyone to see and not having control over it.
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#282
  1. What benefits do blockchain provide in business-to-business collaborations?

Trustless, thus can do business with anyone. Clarity as every action or transaction is recorded and is transparent.

  1. What property of a blockchain does the name “Permissionless” refer to?

The property that bitcoin has ie anyone can download the Blockchain and become a node. Alternatively, anyone can use bitcoin there is no central authority you have to apply to. It’s also fairly anonymous.

  1. What are 3 examples of permissionless blockchains?

Bitcoin, EOS, Ethereum

  1. Who are allowed to join a permissioned blockchain network?

People who are trusted to have access to business secrets or people who need full or limited access to fulfill a certain role.

  1. Why do you think permissioned blockchain networks are preferred by many companies?

Because it’s not necessary for all and sundry to have access to it and the information therein. There may be business secrets and sensitive information to be kept away from the public or competitors. It needs to be kept purpose built and not hijacked by the general public. It’s expensive to build and see you don’t want anyone and everyone using it. If it’s permissionless then there needs to be insentives to keep it secure, the company may not want to issue insentives. Permissioned is simpler for a business. It’s a smaller network and thus more efficient.

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#283

1 Increased trust betwee B/B partners and theyr instant access to relevant authentic information

2 No permision requered
Trust no one
Transparancy
Anonymity
Decentralized

3 Bitcoin
Ethereum
Eos

4 The “owner” of the project

5 The advantage in using blockchain,internal access and having control

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#284

  1. What benefits do blockchain provide in business-to-business collaborations?
    It allows trustless transactions that don’t require third parties to be involved and it keeps immutable records that are very secure and easy to authenticate.

  2. What property of a blockchain does the name “Permissionless” refer to?
    There’s no central authority over a permissionless blockchain, so anyone can use and/or support the network by making transactions and/or participating in the consensus platform.

  3. What are 3 examples of permissionless blockchains?
    Bitcoin, Ethereum, Litecoin

  4. Who are allowed to join a permissioned blockchain network?
    Only people who are authorized by the particular blockchain authorities/owners.

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Because the information on their blockchain can be kept private to anyone outside their authorized users, so they maintain control.

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#285

  1. What benefits do blockchain provide in business-to-business collaborations?
    increased trust between parties and instant access to relevant, authentic information.

  2. What property of a blockchain does the name “Permissionless” refer to?
    Open and decentralized

  3. What are 3 examples of permissionless blockchains?

  4. Bitcoin, 2. Eth and 3. waves

  5. Who are allowed to join a permissioned blockchain network?
    Those who are approved by the permissoined governance

  6. Why do you think permissioned blockchain networks are preferred by many companies?
    It provides a layer of control to their workflow. And visibility/transparency can be provisioned on a user case basis. Retaining the best of blockchain and centralization paradigms - particularly in industries that require confidentiality/privacy like banking/finance etc.

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#286

  1. What benefits do blockchain provide in business-to-business collaborations?
    – Blockchain provides increased trust between parties due to decentralization, cryptographic security, transparency and it also allows for instant access to relevant, authentic information

  2. What property of a blockchain does the name “Permissionless” refer to?
    – Blockchain is decentralized. Anyone can create private address(s) and join the network without requiring permission for a central authority.

  3. What are 3 examples of permissionless blockchains?
    – Three examples are Bitcoin, Ethereum, and Monero

  4. Who are allowed to join a permissioned blockchain network?
    – Centralized organizations that belong to the same industry, consortium, or that trade with each other

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    – They are preferred because they have business relationships, industry, or trade in common and some amount of agreement between the parties on items such as the amount of decentralization,
    Transparency/Anonymity, and goverance is required

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#287

  1. In business-to-business collaborations, blockchain provides an increased trust between parties due to the historical record that it can provide about transactions.

  2. “Permissionless” blockchains have the property of being decentralised, with changes coming from consensus protocols.

  3. Three examples of permissionless blockchains are Bitcoin, Ethereum, and Cardano.

  4. Members of consortiums or companies, or other designated members, are the ones who can join a permissioned blockchain network.

  5. Permissioned blockchain networks are preferred by many companies because they give more leverage and control to the companies in charge of them.

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#288

Loved your answer. Easy to understand. Great work. :clap:

Carlos Z.

#289

  1. What benefits do blockchain provide in business-to-business collaborations?
    increased trust between parties, instant access to relevant, authentic information, blockchain provides a historical record of all transactions between parties

  2. What property of a blockchain does the name “Permissionless” refer to?
    it is public, everyone can participate in it. You can run your own node, develop your own smart contracts, create wallet and making transactions…

  3. What are 3 examples of permissionless blockchains?
    Bitcoin, Ethereum, Cardano

  4. Who are allowed to join a permissioned blockchain network?
    only approved people/nodes

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    it is logical. only limited number of people has access to it so it is kinda private and under control of this central authority who maintain network.

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#290

1 increase trust between the parties, and instant access to authentically information, cheaper
2 that is Public
3 Bitcoin Cardano. Etherium
4 anyone that has been approved by the owner of the block chain
5 require permission/ Security / Lower costs/ Increase transparency/ Privacy/

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#291

1. What benefits do blockchain provide in business-to-business collaborations?

  • immutability of data
  • transparancy for internal purposes (internal audits) and flexibility to be fully transparent to externals (ie. NGOs)
  • trust among members in the closed business network (ie. banks, NGOs)

2. What property of a blockchain does the name “Permissionless” refer to?

  • everybody can join the network without asking for persmission
  • one can add transaction, be a node or a minder without someone to approve it

3. What are 3 examples of permissionless blockchains?

  • NEM
  • Hyperledger Fabric
  • Corda

4. Who are allowed to join a permissioned blockchain network?

Those who the owner or sponsor of the private blockchain allows to join (ie. company management)

5. Why do you think permissioned blockchain networks are preferred by many companies?

not everybody should see all company data. many thinks have and need to be confidential.

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#292
  1. blockchain’s provide transparency, security and trustlessness between businesses transactional data.
  2. Permissionless = anyone can join in transactions, validating and mining on the network.
  3. BTC, ETH and EOS
  4. Anyone that is within the organization that is granted permission to the network.
  5. Permission blockchains are like the intranet compared to the internet, they are private and can be controlled by certain individuals in the organization, they do not have to rely on public blockchains to validate their data as it is done “in-house”.
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#293

  1. What benefits do blockchain provide in business-to-business collaborations?
    • Trust between parties, immediate access to information, historical verification without alteration.

  2. What property of a blockchain does the name “Permissionless” refer to?
    • That they allow every user to create a personal address and interact with the network, even running a node.

  3. What are 3 examples of permissionless blockchains?
    • Bitcoin, EOS, ETH.

  4. Who are allowed to join a permissioned blockchain network?
    • Whoever is approved by the management of private entity.

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    • Because you can limit the access to information.

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#294

What benefits do blockchain provide in business-to-business collaborations?

Increase trust between parties and instant access to relevant, authentic information.

What property of a blockchain does the name “Permissionless” refer to?

It is public and driven by agreements, no permission required to add to blockchain, run a node and receive incentives.

What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum and Dogecoin

Who are allowed to join a permissioned blockchain network?

Only participants that are authorized.

Why do you think permissioned blockchain networks are preferred by many companies?

Because of trust, the control they have over their data, governance and that their structure requires permision.

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#295
  1. What benefits do blockchain provide in business-to-business collaborations?
    Benefits include full transparency to all transactions in the blockchain as well as the security of the data.
  2. What property of a blockchain does the name “Permissionless” refer to?
    Permissionless means that anyone is able to access the blockchain, i.e they don’t need authorization from a central party.
  3. What are 3 examples of permissionless blockchains?
    Three examples of permissionless blockchains are Bitcoin, Ethereum and Litecoin.
  4. Who are allowed to join a permissioned blockchain network?
    Only entities who are authorized by the owners of the permissioned blockchain are able to join the network.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Companies prefer permissioned blockchain because they are more sensitive about who is able to see their transaction data.
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#296
  1. What benefits do blockchain provide in business-to-business collaborations?
  • No trust needed
  • Immutable ledger -> No corruption
  • Traceability
  1. What property of a blockchain does the name “Permissionless” refer to?

The blockchain is public, everyone can use it.

  1. What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum, Digibyte

  1. Who are allowed to join a permissioned blockchain network?

Users which are authorized by the operator/owner of the blockchain

  1. Why do you think permissioned blockchain networks are preferred by many companies?
  • Control the access to the information
  • Better Performance
  • Lower costs / No transaction fees
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#297

  1. Efficiency by cutting out the middlemen, i.e. B2B interact/collaborate/deal in a trustless environment.

  2. It refers to that anyone can participate in the network, i.e. do transactions, query the blockchain or secure the network (nodes/mining).

  3. Bitcoin, Ethereum and Cardano (the Shelley era).

  4. Those chosen by the central governing entity or consortium of entities that own the private network.

  5. Because it can allow them to maintain their silo of secrecy and control, beyond protecting sensitive data records.

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#298
  1. What benefits do blockchain provide in business-to-business collaborations?
    -Varying decentralization, transparency, anonymity, governance
  2. What property of a blockchain does the name “Permissionless” refer to?
    -anyone can get involved on the network
  3. What are 3 examples of permissionless blockchains?
    -Bitcoin, Ethereum, Eos
  4. Who are allowed to join a permissioned blockchain network?
    -Only approved people or computers are allowed to join
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    -There are many details of a business that need to be shared among business partners, but kept hidden from the general public.
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#299
  1. Blockchain networks allow increased trust between parties, instant access to relevant and authentic information. Provide a historical record of all transactions alongside the means to record these entries.
  2. No one controls the blockchain so refers to transparency property.
  3. BTC,ETH,EOS.
  4. Only members of the business network.
  5. More control & Governance & Privacy.
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#300
  1. Increased trust between parties, and instant access to relevant, authentic information. Since blockchains provide a historical record of all transactions, alongside the means to record these entries.

In the future, blockchain technology will revolutionize the way B2B/user transactions and processes are carried out, especially following the introduction of other technologies such as automation, artificial intelligence, Internet of Things and machine learning.

  1. Public blockchains for currencies. Anyone can join without permission from an authority.

  2. BTC, ETH, and LTC

  3. Those that have been authorized to do so.

  4. Better and easier to scale, more control over data, can keep data in house or to anyone you allow to access the information, it’s main reason this would be preferred though is control.

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