Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#301
  1. What benefits do blockchain provide in business-to-business collaborations?
    The benefits that blockchain provides is transparency as well as reliable information because no one can alter the saved records.
  2. What property of a blockchain does the name “Permissionless” refer to?
    This refers to the public blockchains in which anyone can participate without restrictions and be part of the network.
  3. What are 3 examples of permissionless blockchains?**
    Monero, Litecoin, Bitcoin.
  4. Who are allowed to join a permissioned blockchain network?**
    the users designated by the creator or owners of the blockchain.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Because the y can have a better internal control, avoid errors or manipulation of data and confidentiality.
1 Like
#302

Reading Assignment: Permissioned vs. Permissionless

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

The data structure in a blockchain is append-only. So, the data cannot be altered or deleted. There is a consensus of all the ledger participants on what is to be recorded in the block. The transactions are recorded in chronological order. The transactions that take place are transparent. The individuals who are provided authority can view the transaction.

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

Not needed to trust anyone, as you trust on the protocol and miners .

Decentralized distributed network of computers, driven by consensus antilogarithm. A way of determent which transaction that is correct or fraud:ed.

3.What are 3 examples of permissionless blockchains?

Bitcoin, EOS, Etherium, Litecoin

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

Only trustfully and well known persons, typically IT personal in a company. Not as permissionless blockchains where anybody can join.

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

The main reason to go private is to keep sensitive personal or secret data hidden/secured from outsiders , that can hurt the company if it’s was public. The main ting must be that a blockchain is append-only and not able to alter data when it’s confimed once, also that you can share the consensus of the data in realtime to all ledger participaints in a closed group.

1 Like
#303

  1. What benefits do blockchains provide in business-to-business collaborations?
    They allow increased trust among businesses since there are no intermediaries, transparency and secure transactions. They also enable instant access to relevant and authentic information that is made available throughout the blockchain.

  2. What property of a blockchain does the name “Permissionless” refer to?
    Control - openness to user accessibility of information and strict protocol.

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

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

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

  • They have more control over data and can therefore negotiate terms for governance, transparency etc .
  • Privacy can be regulated on the different tiers.
  • More efficient in that everyone has to concentrate on their work only.
1 Like
#304
  1. What benefits do blockchain provide in business-to-business collaborations?
    It is trustless, so no trust between the parties is needed. Can eliminate the need of a third party. Access to historical data.
  2. What property of a blockchain does the name “Permissionless” refer to?
    It is public
  3. What are 3 examples of permissionless blockchains?
    Bitcoin
    Ethereum
    Dogecoin
  4. Who are allowed to join a permissioned blockchain network?
    Only authorized users
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    To hide sensitive information, to maintain control
1 Like
#305 
1. What benefits do blockchain provide in business-to-business collaborations?
	a.  increased trust between parties
	b. instant access to relevant, authentic information
2. What property of a blockchain does the name "Permissionless" refer to?
	a. public 
	b. permissionless
	c. no central authority
	d. driven by consesus
	
3. What are 3 examples of permissionless blockchains?
	a. bitcoin 
	b. ethereum
	c. dogecoin
	
4. Who are allowed to join a permissioned blockchain network?
	a. participants that are athorized
	
5. Why do you think permissioned blockchain networks are preferred by many companies?
	a. company have data and permission controls
	b. they can leverage the network für ehter own business
1 Like
#306
  1. You can have correct information about the service or goods you sell/buy, don´t need to trust only verify.
  2. Everyone can join, dont need to have a restricted qualification to join.
  3. BTC, EOS, Eth.
  4. In a private corporation they can restrict only the employees to have restricted access to the system and the superusers have totally access.
  5. Because they want to have control about sensitive information about their clients and corporation, by law, secure and ethics its better to have it in a permissioned blockchain.
1 Like
#307
  1. trust, cut out the middle man, no cheating
  2. a blockchain where I can access without KYC a public blockchain
  3. ethereum, bitcoin, tron, eos, nem,
  4. you have to be invited to this kind of blockchain or in the team to have access too, it is another security system…so they are not public and private
  5. because this way they can actually control who gets to see the data that is stored in the blockchain and I would say if they need some customization done they do not have to ask for permission because they still control the network
1 Like
#308

In business-to-business scenarios, blockchain networks allow for increased trust between parties, and instant access to relevant, authentic information.

It 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.

It provides a trust layer that did not exist until now, for all types of transactions.

They allow every user to create a personal address and begin interacting with the network, by submitting transactions, and hence adding entries to the ledger.

BCH, ETH, EOS

Centralized organizations, which leverage the power of the network for their own, internal business operations.

Control, Governance, Privacy and Cost effectiveness

1 Like
#309

  1. Blockchain networks allow for increased trust between parties and instant access to relevant, authentic information.

  2. No central authority, transparency.

  3. Bitcoin, Ethereum, IOTA, EOS,

  4. Specific members or companies who have approval to join the network.

  5. Control, private, governance

1 Like
#310

1. What benefits do blockchain provide in business-to-business collaborations?
transparency, secured transactions, removes the need for third parties, easy transfer between two parties
**2. What property of a blockchain does the name “Permissionless” refer to?

  1. the ability to create a private key and participate in transactions by anyone, or to read the ledger, without any permission required to do so.

3. What are 3 examples of permissionless blockchains?
bitcoin ethereum and Eos
4. Who are allowed to join a permissioned blockchain network?
anyone that has been granted access by thr central entity
**5. Why do you think permissioned blockchain networks are preferred by many companies?

It gives them a level of control that a permissionless blockchain wouldn’t. In addition, they can limit access to information for privacy reasons to entrusted parties

1 Like
#311
  1. In business-to-business scenarios, blockchain networks allow for increased trust between parties, and instant access to relevant, authentic information.
  2. Public blockchain
  3. Bitcoin, Ethereum and EOS.
  4. Trusted nodes
  5. Governance and control: Permissioned blockchains are preferred by centralized organizations, which leverage the power of the network for their own, internal business operations. Also in order to securely record transactions, and exchange information between one another.
1 Like
#312
  1. Trust between parties, instant access to authentic information, security
  2. Public blockchain
  3. BTC, ETH, DOT
  4. Since premissioned blockchains are a closed systems, only memeber participants are allowed to join.
  5. Centralized authority, control over information on the blockchain and its users
1 Like
#313
  1. Having access to verifiable data can increase efficiency.
  2. It is openly accessible to anyone.
  3. Bitcoin, Ethereum, EOS
  4. Anyone vetted by a super user of the system.
  5. Legal reasons also flexible control to adapt the system as you see fit.
2 Likes
#314

1-Blockchains create a climate of trust so companies can be secure in the authenticity of transactions which all the member authorized ( security of info)
may access swiftly, with no need for third party intervention.
2- There is no need to get authorization to access the info on the blockchain
3-Bitcoin, Ehetereum, EOS
4-Those qualified members who are accepted and given the access form a central authority
5-Well the security of the data, transactions, pricing etc. which is restricted to only those allowed to see the info. which may be secret and private relationships between parties.
Further it will build trust between the parties as they will all have the same, real info to work with.

1 Like
#315

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

  2. What property of a blockchain does the name “Permissionless” refer to?
    open that anyone can join

  3. What are 3 examples of permissionless blockchains?
    BTC, ethereum, Litecoin

  4. Who are allowed to join a permissioned blockchain network?
    Users deemed acceptable by the governing body.

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    it gives them control over their data as well as a complete, immutable record of work done and transactions.

1 Like
#316

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

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

  3. What are 3 examples of permissionless blockchains?
    Bitcoin Ethereum EOS

  4. Who are allowed to join a permissioned blockchain network?
    People that are given the permission

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    They can use then for security

1 Like
#317
  1. It provides for increased trust between parties and instant access to relevant, authentic information.
  2. Decentralisation, Digital assets, anonymity and transparency
  3. Bitcoin, Ethereum, EOS
  4. Only approved people
  5. It is better for internal business operations,different dynamics, which allows the central governing entity or consortium of entities to decide on how the network is created, protocols and how users can use it.
1 Like
#318
  • eliminates third party Peer -2- peer transfers, which is faster
  • cost efficient
  • transparency
  • security
  • provenance (traceability)

  1. Permissionless means public - accessible for all without any permission

  2. Bitcoin, Ethereum, EOS

  3. In order to join permissioned blockchain you need to have a permission from central authority

  4. Companies use permissioned blockchain because they can have more control and manage the data better according to their own needs.

1 Like
#319

  1. In B2B scenarios it allow business to have increased trust between parties, and instant access to relevant, authentic information.

  2. network need to be decentralized = nobody needs permission to access the network.

  3. Bitcoin, EOS, Etheruem

  4. A consortium of companies or a company. Only the approved people or computer entities have the possibility of running nodes on the network.

  5. Well companies most likely have sensitive information of financial details and client information they may not want to expose to the general public. Also business may want to conceal information form competitors

1 Like
#320
  1. What benefits do blockchain provide in business-to-business collaborations?
    allow for increased trust between parties, and instant access to relevant, authentic information
    2. What property of a blockchain does the name “Permissionless” refer to?
    Public Blockchain
    3. What are 3 examples of permissionless blockchains?

• Bitcoin
• Etherium
• EOS
4. Who are allowed to join a permissioned blockchain network?

Only participants that are authorized.

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

  • More control over the data.
  • Limit data to authorized users only.
  • They can leverage the network for their own internal business purposes.
1 Like