Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#401
  1. Provides trust, instant access to relevant, authentic information;
  2. Public, driven by code of the network, no permission required;
  3. Bitcoin, Ethereum, EOS;
  4. The invited ones;
  5. Companies want to control a lot of areas, only permissioned blockchain allows that.
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#402

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

    Allows for increased trust between parties, and instant access to relevant, authentic information.

  • What property of a blockchain does the name ā€œPermissionlessā€ refer to?

      To public blockchains.

  • What are 3 examples of permissionless blockchains?

    - Bitcoin . - Eth . - EOS

  • Who are allowed to join a permissioned blockchain network?

            Only specific members.

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

    Because are better for internal business operations, it has different dynamics, that are used to decide the problems pertinent to how the network is created and the protocols of what users can do.

[/quote]

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#403

Permissioned vs Permissionless - Read:

1.The benefits blockchain provide to business-to-business collaboration are:

  • increased trust between the parties
  • instant access to relevant and authentic information to the parties.
  1. The property of a blockchain that the name permissionless blockchain refers to is that it is Public - anyone can use it and no trust is needed, just verification of transactions.
  • allows every user to create a personal address
  • begin interacting with the network by submitting transactions
  • have a choice of running nodes - employing mining protocol to help verification
  1. Three examples of permissionless blockchain:

  • Bitcoin

  • Ethereum

  • Eos

  1. entities invited to join are allowed in a permissioned blockchain.

  2. Permissioned networks are preferred by many companies because they can have control over the network ie.

  • free to negotiate and make decision to what level of decentralization the network will have.
  • they are not required to be transparent.
  • governance is decided by members of its business network
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#404

1.Provides trust
ā€¢ Provides security/resistant to tampering
ā€¢ Instant access to relevant and authentic information
ā€¢ Access to historical data of all transactions
*Cost effective
2. * Anyone can use and join the network without permission from an authority.
* Works in a trust-less environment. No central authority or person manages the block chain.

  • The ledger of transaction is immutable and can not be hacked, changed, destroyed or revised.
  1. Bitcoin
    Ethereum
    Cardano
  2. Authorized users only.
  3. Companies want to control a lot of areas, only permissioned blockchain allows that.
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#405

  1. Blockchain provides a layer of trust in B2B collaborations in that all parties have instant access to accurate accounting information.

  2. Permissionless refers the blockchain being public, no special permission is required to access.

  3. Three examples of permissionless blockchains are: BTC, ETH and Dogecoin

  4. Anyone with permission can join a permissioned blockchain network.

  5. Permissioned blockchain networks are preferred by many companies because it provides them with control over who is able to make transactions on their system.

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#406
  • What benefits do blockchain provide in business-to-business collaborations?
    • increased trust between parties
    • instant access to relevant, authentic data
  • What property of a blockchain does the name ā€œPermissionlessā€ refer to?
    • meaning ā€œpublic-accessā€ // anyone can participate w/o gaining permission to do so
  • What are 3 examples of permissionless blockchains?
    • Bitcoin // Ethereum // Dogecoin
  • Who are allowed to join a permissioned blockchain network?
    • only approved ppl n computer entities, basically trusted parties
  • Why do you think permissioned blockchain networks are preferred by many companies?
    • They need some level of transparency n decentralization, but ultimately need to maintain control, n security of their most sensitive data

@LORDKALVIN

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#407

  1. Blockchains provide businesses a historical record of transactions that other business can trust as accurate.

  2. The permissionless attribute means that anyone can join the network and they donā€™t need special permission from a central authority in order to do so.

  3. Examples of permissionless blockchains include the Bitcoin blockchain, the Ethereum blockchain, and the EOS blockchain

  4. Only people or entities approved by the administrator of the permissioned blockchain can join the network

  5. Companies prefer permissioned blockchains because they want to be able to control the system and they donā€™t want some or all of their data to be available to the public.

1 Like
#408
  1. What benefits do blockchain provide in business-to-business collaborations?

Increased trust between parties, instant access to relevant, authentic information

  1. What property of a blockchain does the name ā€œPermissionlessā€ refer to?

Permissionless blockchains are public, with a transparent ledger. They allow for anyone to interact with the network via running nodes, mining and buying/trading the currency.

  1. What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum, NEM, EOS, there are many

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

Only approved entities can join a permissioned blockchain.

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

Companies do not want their transactions to be visible to everyone. They also would prefer to only have centralized and approved entities engaging with the network for the sake of maintaining control over governance and data.

2 Likes
#409
  1. It increases transparency and integrity.
  2. A permissionless blockchain is public.
  3. Bitcoin, Ethereum, EOS
  4. Only authorized participants.
  5. They want to keep control.
2 Likes
#410

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. This is so thanks to the fact that blockchains provide a historical record of all transactions, alongside the means to record these entries. In the future, it is believed that 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.

2.) What property of a blockchain does the name ā€œPermissionlessā€ refer to?
Permisionless blockchain networks power up most of the marketā€™s digital currencies. 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. Additionally, all parties have the choice of running a node on the system, or employing the mining protocols to help verify transactions.

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 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, to secure their sensitive data.

2 Likes
#411
  1. It provides trustless immediate access to relevant data thus making transactions more efficient.
  2. Decentralized
  3. Bitcoin, Ethereum, Cardano
  4. Only those that are certified by the administrators
  5. They want the privacy of their data and transactions
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#412
  1. In a business to businness collaboration I would assume that they are using a private blockchain. The permissioned blockchain would provide them with an immutable system that cannot be tampered with, It would decrease the level of trust needed between the two entities and there will be no need for a third party.
  2. It refers to a decentralized blockchain where no permissions are required, where there is no central authority, this blockchain is completely public to anyone that wants to take part in it, completely transparent, immutable, uses a consensus algorithm to verify transactions.
  3. Bitcoin, ethereum and eos
  4. In a permissioned blockchain, it would be up to the central authority to decide who can take part in it.
  5. Because they will still have control over the project which makes them able to hide some sensitive data to certain users, enables them to modify the project to fit their needs.
2 Likes
#413
  1. Tamper resistant, provide security, transfer data/assets.
  2. Permissionless
  3. Bitcoin, Ethereum, Polkadot
  4. Authorized people
  5. To maintain control
2 Likes
#414
  1. The benefits provided by blockchain in business-to-business collaborations are:
  • increased trust (transactions are recorded on the blockchain and immutable)
  • increased transparency and security of data
  • all transactions verifiable on the chain and authentic
  1. The property of a blockchain that is described by the name ā€œPermissionlessā€ refers to the fact that anyone can:
  • join the network, by creating an address and initiating transactions
  • create a nodes to store the blockchain
  • set up a miner to add blocks to the chain
  1. 3 examples of permissionless blockchains would include:
  • Bitcoin
  • Ethereum
  • EOS

  1. Those that have been granted access/permission are allowed to join a permissioned blockchain network.

  2. Permissioned blockchain networks are preferred by many companies because:

  • the blockchain is not public
  • control is retained by the company or consortium of companies
  • levelled permissions may be granted to limit the actions and access of users
  • it is faster and cheaper to implement than a permissionless network
1 Like
#415

1,
A transparent and honest platform where everyone has access to all transaction has been made in the past.
2,
Public digital currencies. Decentralized and transparent,
3,
Bitcoin
Ethereum
Dogecoin
4,
Everyone who was chosen by the government.
5,
I think most of the big companies has a lot to hide (e.g Coca Colaā€™s plastic waste, Nestleā€™s cruelty against animals) so they donā€™t have to provide transparency also they can stay centralized and control the company only by a few member or a smaller group of people.

2 Likes
#416
  1. Blockchains provide the trust between b2b, eliminate third parties, corruption and increase transparency.
  2. No permission required once you respect the consensus rules.
  3. BTC, ETH, EOS
  4. Authorized Users
  5. Because they can control the chain and have better governance.
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#417

  1. What benefits do blockchain provide in business-to-business collaborations?
    Blockchain allows for increased trust between business-to-business parties, and instant access to relevant, authentic data and/or information which is enabled by provenance of blockchain technologies.

  2. What property of a blockchain does the name ā€œPermissionlessā€ refer to?
    Permissionless refers to public blockchain networks which anyone can interact with by creating wallets and sending transactions, contribute to by creating smart contracts, or add nodes/miners to help verify transactions.

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

  4. Who are allowed to join a permissioned blockchain network?
    Only approved people or computer entities have the possibility to run nodes on a permissioned network, validate transaction blocks, issue transactions, execute smart contracts, or read the transaction history.

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Companies prefer permissioned blockchains as this allows a controlled level of transparency between entities on the network while maintaining privacy from those outside the network.

1 Like
#418

[quote=ā€œfilip, post:1, topic:6383ā€]

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

  • What property of a blockchain does the name ā€œPermissionlessā€ refer to?
    Permisionless or Public Blockchains

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

  • Who are allowed to join a permissioned blockchain network?
    only approved people or computer entities who opt in

  • Why do you think permissioned blockchain networks are preferred by many companies?
    To decide on all problems pertaining to how the network is created, its protocols and what users can do.

1 Like
#419
  1. What benefits do blockchain provide in business-to-business collaborations?

Increased trust between parties, real time authentic information, transparency, anti-corruption.

  1. What property of a blockchain does the name ā€œPermissionlessā€ refer to?

There is no central authority controlling the system. Anyone can freely join the network.

  1. What are 3 examples of permissionless blockchains?

Bitcoin, Etherum and EOS

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

Whoever the central entity allows.

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

Private blockchain are better for internal operations because it allows the central governing entity to decide on all problems, from how the network is created, its protocol and what each user can do.

1 Like
#420
  1. What benefits do blockchain provide in business-to-business collaborations?
    Immutable ledger, improves transparency, removes reliance on 3rd parties.
  2. What property of a blockchain does the name ā€œPermissionlessā€ refer to?
    It is a public blockchain, anyone can participate by creating a personal address and interacting with 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 entities will be able to join the network.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Gives them greater control, they can determine levels of privacy on a user-case basis. There may be sensitive data.
1 Like