Permissioned vs Permissionless - Reading Assignment

[VanellaVader]

1. In collaborations between business, blockchains provide the benefit of adding an extra layer of trust, providing all parties access to the same information, and eliminating the need for third parties, while also providing additional security to prevent tampering.
2. Being “permissionless” refers to decentralization, as in no central authority can edit or shut down the ledger, since it is based on concensus.
3. Bitcoin, EOS, Etherium and most blockchains that serve as digital currency wherein any user can create an address and make transactions are permissionless blockchains.
4. Any user can create an address and execute transactions in a permissionless blockchain network
5. Many companies prefer permissioned blockchains because they may contain company secrets such as transactions or exchanges of information that they would prefer to keep anonymous.

[javier_ortiz_mir]

1. What benefits do blockchain provide in business-to-business collaborations?
   blockchain networks 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?
   It means that anybody is free to join, transact on the network and so on, you dont need special permission from any third party. while there is centralized exchanges that enforces KYC policies, these policies are required from the regulator for the exchange to operate. They are free to use by anybody (not in the sense of free of charge, but in the sense that anyone ca create smart contracts, or download the entire blockchain, to become a node operator, to mine, etc)
3. What are 3 examples of permissionless blockchains?
   Bitcoin, Ethereum and Tron, EOS, Litecoin
4. Who are allowed to join a permissioned blockchain network?
   only approved people or computer entities have the possibility of running nodes on the network, validating transaction blocks, issuing transactions, executing smart contracts, or reading the transaction history.
5. Why do you think permissioned blockchain networks are preferred by many companies?
   Because companies could have confidential data that not anybody is allowed to see, or they dont want to make financial transactions available to the general public (maybe only finance department staff should have access to those), and also because they can control at any time who can have access or not, for example if one employee is fired he would immediately lose access to the blockchain

[Kim]

1. What benefits do blockchain provide in business-to-business collaborations?
   Blockchain networks allows for increased trust between parties, and instant acces to relevant, authentic information. Thanks to the fact that blockchain provides 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?
   Public. Allowing anyone to get involved in 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 specific members. Governance is decided by members of the business network.
5. Why do you think permissioned blockchain networks are preferred by many companies?
   Because of the ability to securely record transactions and exchange information in a closed ecosystem.

[crypto_j55]

What benefits do blockchain provide in business-to-business collaborations?
Answer: 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?
Answer: They allow for any user to interact with the blockchain network without the permission of anyone.

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

Who are allowed to join a permissioned blockchain network?
Answer: Because they are a closed ecosystem, only users invited by the centralized organization to join that permissioned blockchain network can join.

Why do you think permissioned blockchain networks are preferred by many companies?
Answer: It gives the companies running them control of which users are able to interact and see certain information on the blockchain. In the case of proprietary information being stored on the permissioned blockchain, a company will want to control what users have access to that info (i.e. sales data, product launch, etc).

[Nida_Wilson]

1. Transparency, security, traceability, efficiency and speed and reduced cost.
2. Public blockchain, no permission required to become part of this blockchain, decentralised, no third party to regulate, rely on consensus on what TX are considered true,
3. Bitcoin, ETH and Litecoin
4. Only authorized users … approved members.
5. More scalable and faster, more centralised and they have control of the network.

[Alek_Bike]

1. Increased trust between parties, and instant access to relevant, authentic information
2. One needs no"permission" in order to utilize the network.
3. BTC, ETH, RVN
4. Special parties are given access
5. Control

[Albert]

1. Allows to increase trust, transparency, acces into aunthentic information.
2. No permision required in order to be part of network, incentive , and trustless of users, but trust on protocols.
3. Ethereum, EOS, Bitcoin.
4. Authorized users by central governance of network
5. Many companies, like centralized organizations prefers permissioned Blockchain, in order to secure records of operations and get control of internal procces.

[dextro]

Reading Assignment: Permissioned vs. Permissionless

@filip

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

Blockchain allows trustless transfer of assets, security against tampering, and a history of prior transactions. It eliminates the need for third party audits and reviews which lowers the cost of doing business.

@filip

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

Permissionless relates to the public nature of many popular blockchains. It means that users can join and participate in the network without getting permission from a third party or central authority like a bank.

@filip

• What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum, and EOS

@filip

• Who are allowed to join a permissioned blockchain network?

A central authority, typically a company, determines who can join a permissioned (private) blockchain.

@filip

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

Primarily because companies want control over the network and who participates. Either for privacy/confidentiality reasons or for efficiency versus publicly run blockchains.

[BigBoi]

1. trust, access historical txns, increased security, easy 24 hour access
2. permissionless refers to joining the Blockchain to make txns and or view the Blockchain. Validating txns.
3. Bitcoin, Ethereum and Cardano
4. People or entities chosen to do so by the organisation hierarchy/owners
5. They don’t lose control of what happens within their organisation and they can decide what is visible to the individual users and the public.

[klby]

1. Trust is not required since the blockchain is what it is, so doing b2b collaborations eliminate the need to audit things, trust each other because every transaction is already proven to be correct by the blockchain system. Besides, its transparency gives both parties peace in mind when doing business

2. Decentralized, Anonimous, Transparent , Public (anyone can access it)

3. Bitcoin, ethereum, eos

4. Everyone who is authorized by the members of the consortiums in the blockchain

5. Because companies are able to change the level of decentralization, transparency, anonimity of the blockchain since every company has different vision, culture, operations , so the flexibility of changing the variables are very important and can be achieved through private blockchain

[Jun_0113]

1.What benefits do blockchain provide in business-to-business collaborations?
Access to relevant, authentic information by increasing the trust between the parties.

2.What property of a blockchain does the name “Permissionless” refer to?
Decentralization, Digital Assets(reward), Anonymity, Transparency

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

4.Who are allowed to join a permissioned blockchain network?
approved people or computer

5.Why do you think permissioned blockchain networks are preferred by many companies?
Because they can have control over the network, compared to the public.
Since company has responsibility, they need to break some of the property of public bc to clarify.

[CasNWK]

1. What benefits do blockchain provide in business-to-business collaborations?
   => Elemination of a controlling / validating third party providing a trust layer where all parties have access to the same data in the ledger, giving transparancy and being able to verify and authenticate transactions to transfer value of digital assets between 2 parties.
2. What property of a blockchain does the name “Permissionless” refer to?
   => Being public rather than private.
3. What are 3 examples of permissionless blockchains?
   => BTC, ETH, EOS
4. Who are allowed to join a permissioned blockchain network?
   => Opt-in members, allowed by an admin.
5. Why do you think permissioned blockchain networks are preferred by many companies?
   => So they could leverage the power of the network for their own internal business operations, having control over the data, limitted to authorized users.

[R.C]

1 transparency, anti-corruption because it keeps a historical record of all transactions and cannot be deleted
2 blockchain publishes
3 bitcoin ethereum and xrp, (I don’t know if I understand the question)
4 being private only the owners
5 because they are private

[GusNotFring]

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

Blockchain networks allow for increased trust between parties, and instant access to relevant, authentic information, due to blockchains’ ability to provide historical records of all transactions and store new entries at the same time.

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

Public blockchains. These allow any user to interact with the distributed network, with no central server involved, by submitting transactions and adding entries to the ledger. Everybody can run a node on the system and make use of mining protocols to help verify transactions.

3.What are 3 examples of permissionless blockchains?

BTC, ETH, EOS

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

The parties that are trusted by the central governing entity of the network. This “owner”, holds authority over the network in regards to decision-making, network structure and protocols, and what users are allowed to do.

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

For privacy and secrecy, basically. Being a closed ecosystem, the permissioned blockchain facilitates internal business operations - securely recording transactions, and exchanging information within the blockchain - without the insight of competitors. Thereby, a company can maintain a certain level of competitive edge, without risking business information to end up in the wrong hands.

[Rodbstarr]

1. Trust and transparency

2. No permission required and anyone can join

3. Bitcoin, Ethereum, Dodgecoin

4. Authorize owner

5. Control and requires permission

[Marcelle]

1. Blockchain allows for trust between the businesses entities, without needing a third party or middle man to provide this trust.
2. Anyone can create an address and start transacting, anyone can become a node or a miner
3. Bitcoin, Ethereum and EOS
4. Only parties approved by the centralised owner of the private blockchain
5. It keeps proprietary information of the company, private (intellectual property that comprise formulas, practices, processes etc)

[cryptophile]

1. The benefits of blockchain to business-to-business collaborations are allowing for increased trust between parties along with instant access to relevant and authentic information. All parties see and can add to the same immutable record of historical transactions.

2. Permissionless refers to the fact than on a permissionless or public network anyone can submit transactions to the network, run a node on the network and participate in the consensus mechanism, be it Proof of Work, Proof of Stake or any other format.

3. Bitcoin, Ethereum and Cardano are examples of Permissionless blockchains

4. Only those given permission by the central controlling authority can join a permissioned network.

5. Permissioned blockchain networks are preferred by companies due to the controls it gives them and the ability to transact privately without public scrutiny.

[Scores24]

1. 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 transfer. Eliminating possibilities of corruption while displaying a record to the public

2. Anyone can use, No need to apply to run a node on the network.

3.ETH BTC Cardano

4. Certain selected members / Authorized employee

5. Scaleable, easy to control/ update. Blockchain can be created specifically for the needs of the company in control making it easier to maintain. Private blockchains, which are better for internal business operations, have very different dynamics making it easier for companies to decide on all problems pertaining to how the network is created, its protocols, also who and what users have a say.

[carolyn]

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

• secure transactions for collaborative business among them without costly billing systems changes,
• it streamlines business process for better,
• timely and lower cost customer experience.

2. What property of a blockchain does the name “Permissionless” refer to?
   Anyone can join, participate, and access the information within the network.

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

4. Who are allowed to join a permissioned blockchain network?
   Only the holder of a valid certificate issued by an accredited entity in the network.

5. Why do you think permissioned blockchain networks are preferred by many companies?
   Because they provide an additional level of security as they require an access control layer,

[TrevorBicking]

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

In business-to-business scenarios, blockchain networks 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?

Permissionless or Public Blockchain, which allows anyone to use and be a part of the network including the incentives and consensus mechanism.

3. What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum and EOS

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

Decided by the Consortium of entities involved and only approved people or computer entities have the possibility of running nodes on the network, validating transaction blocks, issuing transactions, executing smart contracts, or reading the transaction history.

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

Permissioned blockchains are preferred by centralized organizations, which leverage the power of the network for their own, internal business operations.

Company consortiums are also likely to employ private blockchains to securely record transactions, and exchange information between one another.