Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#21
  1. What benefits do blockchain provide in business-to-business collaborations?
    It provides increased security and trustless way of doing operations. There is no need for the 3rd parties hence, the costs are reduced heavily.
  2. What property of a blockchain does the name “Permissionless” refer to?
    These are so called public blockchains.It has a public ledger where all transactions are stored and can be monitored.
  3. What are 3 examples of permissionless blockchains?
    BTC, LTC, ETH
  4. Who are allowed to join a permissioned blockchain network?
    Users with access rights and network connection (if offline) are allowed to join.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    This information stored cannot be changed and this provides curtain level of transparency and increased security while controlling the network and the rights.
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#22
  1. What benefits do blockchain provide in business-to-business collaborations?

  • Secure data sharing & transactions

  • Transparency

  • Efficient business operations through P2P communication

  1. What property of a blockchain does the name “Permissionless” refer to?
  • The decentralised & distributed nature is a defining property of a permissionless blockchain, whereby, the network is public & any single entity can actively contribute & transact with equal authority (i.e. permissions)
  1. What are 3 examples of permissionless blockchains?
  • Syscoin
  • Bitcoin
  • Ethereum
  1. Who are allowed to join a permissioned blockchain network?
  • Only authorised identities who are granted access (to varying degrees).
  1. Why do you think permissioned blockchain networks are preferred by many companies?

  • High-level of governance

  • Security & scalability while limiting transparency

  • Customisable database to accomodate dynamic businiess operational needs.

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#23
  1. Transparency in transactions between B2B, easily audit of such transaction, trusted (no intermediary needed)
  2. Everyone can opt in to participate into the network or leave the network at there own will
  3. Bitcoin, Etherium, Monero , Monero, Monero
  4. Only participants that are approved or invited can join a permissioned blockchain network
  5. There is a need for control in permissioned blockchain as the data can contain industry secrets or “know hows” (security) that need to be kept secret in order for the maker of the network to continue existing
1 Like
#24
  1. What benefits do blockchain provide in business-to-business collaborations?
    • Eliminate 3rd parties (provides trust)
    • Anti-tampering/security
    • Transparency
  2. What property of a blockchain does the name “Permissionless” refer to?
    • Public transparency and use
  3. What are 3 examples of permissionless blockchains?
    • Bitcoin
    • Ethereum
    • Monero
  4. Who are allowed to join a permissioned blockchain network?
    • Authorized users
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    • Data confidentiality/privacy
    • Easier to scale
    • Greater control
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#25

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

A distributed ledger (DLT) based on cryptographic protocols, driven by network consensus, and that allows data to be transmitted and stored in a peer-to-peer (P2P) fashion creates 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?

Decentralization: no central entity has the authority to edit the ledger, shut down the network, or change its protocols. It allows anyone to add transactions, run a node, and participate in the development of the network.

What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum, Ontology

Who are allowed to join a permissioned blockchain network?

Only those authorized by the central governing body can join.

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

  • Internal governance leverages the power of the network for the benefit of their own uses.
  • It keeps transactions securely and privately recorded.
  • 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.
  • Cost effective.
  • Compliant with rules and regulations.
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#26

1. What benefits do blockchain provide in business-to-business collaborations?
It provides trust as key part of the technology so it eliminates the need to trust third party and transactions can be successfully performed. Once transaction is recorded on the system it is immutable.
2. What property of a blockchain does the name “Permissionless” refer to?
Public.
3. What are 3 examples of permissionless blockchains?
Bitcoin, Ethereum, EOS
4. Who are allowed to join a permissioned blockchain network?
Private entities allowed by permissioned blockchain network.
5. Why do you think permissioned blockchain networks are preferred by many companies?
Provide them more control, governance, consensus etc.

1 Like
#27
  1. What benefits do blockchain provide in business-to-business collaborations?
    It provide trust and cut middle man
  2. What property of a blockchain does the name “Permissionless” refer to?
    We don’t need permission of a central authority, it’s decentralize
  3. What are 3 examples of permissionless blockchains?
    Bitcoin
    Ethereum
    Litcoin
  4. Who are allowed to join a permissioned blockchain network?
    Someone who get the authorization from the centralized entity
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Permissioned blockchain is cheapest to maintain.
    The scalability is more important easy to implement
    The privacy
    The variable governance
    The fact that you can manage the access of the information
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#28

  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?
    Anyone can access the blockchain without a central entity controling the acess. It works in a trustless environment.

  3. What are 3 examples of permissionless blockchains?
    BTC
    ETH
    DOGE

  4. Who are allowed to join a permissioned blockchain network?
    Anyone that the central entity decides to let in.

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Because they have sensitive and private information about their customers that shouldnt be displayed to the whole public and only to certain entities. A permissioned blockchain is much faster since their are only a few player that are allowed to mine.

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#29
  1. What benefits do blockchain provide in business-to-business collaborations?
  2. What property of a blockchain does the name “Permissionless” refer to?
  3. What are 3 examples of permissionless blockchains?
  4. Who are allowed to join a permissioned blockchain network?
  5. Why do you think permissioned blockchain networks are preferred by many companies?

Automatic trust, records not corruptible, lower cost and increase speed by eliminating middlemen.
Decentralization.
BTC, ETH, LTC
Only those approved by centralized authority.
To maintain complete control.

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#30
    1. increased trust between parties, and instant access to relevant, authentic information

  2. 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.

  3. Cardano, Etherium, Bitcon

  4. it is decided between participants, not everybody

  5. not public, security,

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#31
  • What benefits do blockchain provide in business-to-business collaborations?

Transparency, anti-corruption, accounting costs reduction.

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

Anyone can join. Nobody can be trusted since malicious users are free to join as well.

  • What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum, EOS

  • Who are allowed to join a permissioned blockchain network?

Defined by the network creator or organizations managing the network.

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

To avoid leaking company secrets to the unwanted parties.
Better performance comparing to public networks with “proof of work” consensus algorithm.

1 Like
#32
  1. What benefits do blockchains provide in business-to-business collaborations?
    Blockchains 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 concerning Blockchains is allowing every user to create a personal address and begin interacting with the network, by submitting transactions, and hence adding entries to the ledger.
  3. What are 3 examples of permissionless blockchains?
    Bitcoin, Ethereum, Litecoin
  4. Who are allowed to join a permissioned blockchain network?
    Permissioned blockchains are run by specific members of consortiums or companies, and members need to opt-in for the creation of such a network. Additionally, 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 Blockchain Networks allow the central governing entity or consortium of entities to decide on all problems pertaining to how the network is created, its protocols and what users can do.
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#33
  1. What benefits do blockchain provide in business-to-business collaborations?
    Trust
  2. What property of a blockchain does the name “Permissionless” refer to?
    Anyone can access and interact with it so access and interation. Or should I say create and read from CRUD.
  3. What are 3 examples of permissionless blockchains?
    Bitcoin, Ethereum and Zcash
  4. Who are allowed to join a permissioned blockchain network?
    Parties who are allowed, who pass the KYC for Ripple as example, and are eligable by judegement of the particular network.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    One thing is to say that ‘our software is open source’. It is a completely different situation if someone develops ‘cryptokitties’ on a company’s, like MasterCard for example, premissionless newtork… So if a company wants their network to behave in a predictable manner they do have to be in control and we do not hear that existing businesses would say ‘our blockchain network is premissionless’… And then there is the limited supply thing, as a company you might want ot keep some pritning/inflation capabilities.
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#34
  1. What benefits do blockchain provide in business-to-business collaborations?

Ans : In B2B, Blockchain allow trust between parties and access to relevant + authentic info, blockchains provide historical record of all transactions. In the future, it is believed that blockchain technology will revolutionize the way B2B/user transactions and processes are carried out.

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

Ans : The properties of Permissionless blockchain are decentralization, Digital Asset, Anonymity, Transparency.

  1. What are 3 examples of permissionless blockchains?

Ans : Bitcoin, Ethereum, EOS, Cardano etc.

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

Ans : Permissioned blockchains are preferred by centralized organizations, and run by specific members of oraganization, only approved people have the possibility of running nodes on the network, validating transaction blocks, issuing transactions, executing smart contracts or reading the transaction history.

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

Ans : Preferred because leverage the power of the network for their own, internal business operations, some form of central control is required , numerous dynamics which can determine how decisions are made on a central level, no need for consensus-based mechanisms.

#35

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

  2. What property of a blockchain does the name “Permissionless” refer to?
    Anyone can join the network and register transactions. Anyone can be a full node and approve transactions.

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

  4. Who are allowed to join a permissioned blockchain network?
    Those invited or opted-in and approved. These are generally individuals/computers used internally in an organization or between companies in a consortium.

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    They can maintain control over who has access to read and approve transactions. By having a permissioned blockchain where all nodes are known and trusted, transaction speeds and approval processes would be more efficient as well.

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#36

1.What benefits do blockchain provide in business-to-business collaborations? A: Trustless; really not needed to Trust-No-One in advance or ever.

2.What property of a blockchain does the name “Permissionless” refer to? A: Anyone can belong (be part and take part) and participate using its facilities and valued usecases.

3.What are 3 examples of permissionless blockchains? A: btc, eth, doge.

4.Who are allowed to join a permissioned blockchain network? A: The ones trusted already by the centralized controlers of that blockchain.

5.Why do you think permissioned blockchain networks are preferred by many companies? A: Because Transparancy is not accepted by many of them, so they need to be able to control. The true ‘Y’ cannot be answered in public, censorship resistence is not 100% censor free assurance in the real human world.

1 Like
#37
  1. What benefits do blockchain provide in business-to-business collaborations?
  • Security like encryption and tamper-resistance
  • Provenance and transparency
  • Immutability
  • Governance like Consensus and Smart contracts
    *all at their own agreement/existing contracts/relationships/current ecosystem by a central authority or consortium of companies
  1. What property of a blockchain does the name “Permissionless” refer to?
  • It refers to the User’s access to read and append-to to the blockchain platform/application. The -less part means any user can.
  1. What are 3 examples of permissionless blockchains?
  • Bitcoin, Ethereum, Steemit
  1. Who are allowed to join a permissioned blockchain network?
  • Depending on the central/consortium authority’s decision, could be anyone/company participating in the process that the blockchain or smart contract addresses/digitizes. The party must be involved by read or append-to action to the blockchain/ecosystem.
  1. Why do you think permissioned blockchain networks are preferred by many companies?
  • B2B transactions are more complex than B2C so authority over governance/more control is needed
  • Pre-existing contractual/relationship/ecosystem rules they make on top of legal frameworks
    (contract addendums or be it internal accounting processes)
    This dictates not only advanced smart-contracts but also who participates, when.
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#38
  1. What benefits do blockchain provide in business-to-business collaborations?

Businesses now have a trusted network/transactions, no need for a 3rd party, etc.

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

Anyone can join the blockchain, there are no gate-keepers…

  1. What are 3 examples of permissionless blockchains?
    BTC, BCH, EOS, PepeCoin
  2. Who are allowed to join a permissioned blockchain network?

Only users who are given permission to join the network.

  1. 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 (tiered levels for example).

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#39
  1. Increased trust between parties because of instant access to authentic information in an immutable ledger.
  2. Permission is not needed to participate. It is egalitarian.
  3. Bitcoin, Etherium, Monero.
  4. Only those authorized by the keyholders of that network, and, only in an authorized capacity.
  5. It is to have control over the distribution of information to only entrusted parties.
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#40

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

  • A way to securely record transactions, and exchange information between one another.

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

  • Anonymity

What are 3 examples of permissionless blockchains?

  • Bitcoin, Ethereum, EOS

Who are allowed to join a permissioned blockchain network?

  • The entity running the network.

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

  • Because they can control de access to the information, designate trusted nodes and keep company secrets safe.
1 Like