Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#421
  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.

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

Joining the network, submitting transactions, or see the recorded history

  1. What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum, EOS

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

Hyperledger Fabric, Corda, NEM

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

It gives the companies more control.

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#422

  1. Access to historical data of all transactions, instant access to relevant & authentic information, provides immutable security and trust.

  2. Permissionless refers to a public ability to run a node & receive incentives, develop on the blockchain, verify and authenticate past transactions.

  3. BTC, ETH, EOS

  4. Only authorized authorities

  5. Governance and control of data.

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#423

  1. What benefits do blockchain provide in business-to-business collaborations?
    It allows more control of business operations, and direct interaction without a middle man, more trust to authentic information.

  2. What property of a blockchain does the name “Permissionless” refer to?
    That it’s public and anybody can be part of the blockchain

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

  4. Who are allowed to join a permissioned blockchain network?
    Approved people or computer entities are given access to the permission blockchain

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

Because it gives them more control over the data and the network.

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#424

Permissioned vs Permissionless - Reading Assignment

  1. What benefits do blockchain provide in business-to-business collaborations?
    Blockchain networks allow for increased trust between businesses;
    blockchain provides transparency with instant access to relevant, authentic information.
    allows businesses to access historical record of all transactions;
    and facilitates ability to up-end new entries on the blockchain.

  2. What property of a blockchain does the name “Permissionless” refer to?
    The property is “Public”.
    Public blockchains do not require for you to receive permission to join or use it.

  3. What are 3 examples of permissionless blockchains?
    BTC;
    ETH and
    DGB.

  4. Who are allowed to join a permissioned blockchain network?
    Only authorized parties are granted access.

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Control over their data - because it allows them to keep certain information unaccessible by public.
    Leveraging the special access to network for further expanding their business interests and goals!

G.

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#425
  1. What benefits do blockchain provide in business-to-business collaborations?
  • In their private network, the collaborating businesses own the CONTROL of
  • governance,
  • decision which people or members are allowed to join their network,
  • choice of transparency
  • permission to specific business department entry (or no entry)
  • they see historic secured records of all business transactions
  • they can privately exchange information between another
  • they choose their running nodes for their network
  1. What property of a blockchain does the name “Permissionless” refer to?
  • the power of authority, choice and control are in-built within the protocol
  • the network is public
  • transparent
  • anti-corruption
  • trustless
  • decentralized
  • censorship resistant
  • sublimates third parties
  1. What are 3 examples of permissionless blockchains?
  • BTC
  • ETH
  • EOS

  1. Who are allowed to join a permissioned blockchain network?
    on invitation, collaborators, members only of business or of the consortium of entities

  2. Why do you think permissioned blockchain networks are preferred by many companies?
    The companies keep the CONTROL of governance, transparency, entrance allowance, while all members belonging to their private network enjoy an increased trust in the trustless way of blockchain providing historical records of all transactions, and an evolutionary revolution with automation, AI, Internet of things, and machine learning infinite possibilites of integration.

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#426

good answers but is EOS really permissionless?

#427

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?
Allowing anyone to get involved on the network and start using it’s application e.g. Currency - Bitcoin

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

4. Who are allowed to join a permissioned blockchain network?
Only Approved member of consortium are allowed to be part of the permissioned blockchain.

5. Why do you think permissioned blockchain networks are preferred by many companies?
Permissioned blockchain allows companies to define the level of decentralization is required, Transparency and anonymity can be maintained at various levels of the organization. Governance can be controlled by the select member of the consortium rather than the each user of the network

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#428
  1. It is resistant to tampering, provides great security, and 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.
  2. It is a Public blockchain, where anyone can receive an address and start using the blockchain.
  3. Bitcoin, Etherium and Algorand.
  4. Only people granted access by the owners of the network.
  5. The company can control users and the amount of information that is made available.
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#429

Q1

  1. Provides security
  2. Cost effective
  3. It provides oversight
  4. It adds an effect layer of control.

Q2

  1. No centralized control
  2. It is safe due to its network consensus.
  3. It is open to the public.
  4. People receive incentives to run a node.
  5. No permission is required to use it.
  6. It does not require trust in anyone.

Q3

  1. Bitcoin, Ethereum, EOS

Q4

  1. Only authorized participants

Q5

  1. Control is still within the business.
  2. It requires permission
  3. It provides oversight
  4. Trust in the network of nodes.
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#430

  1. What benefits do blockchain provide in business-to-business collaborations?
    Transparency, trust, authentic data

  2. What property of a blockchain does the name “Permissionless” refer to?
    It can be used by anyone, and is not controlled by a centralized entity

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

  4. Who are allowed to join a permissioned blockchain network?
    This is controlled by a central organization

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Permissioned blockchains allow for control of protocols, and can be used for sensitive data that should not be public

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#431
  1. In business-to-business scenarios, blockchain networks allow for increased trust between parties, and instant access to relevant, authentic information.
  2. Public
  3. BTC, ETH, EOS
  4. People that are authorized by the permissioned blockchain custodian
  5. Probably mostly for governance and privacy
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#432
  1. They don’t have to trust each other. Censorship resistant. Transparency.
    2.its a public, open, network.
  2. Botcoin, eth.
  3. Participants authorized by the owner of the blockchain.
  4. they have control over the data but still enjoy some of the blockchain’s main features.
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#433

  1. What benefits do blockchain provide in business-to-business collaborations?
    Blockchain allows for transparent and trustless transactions to be recorded and avoid misunderstanding and disputes.

  2. What property of a blockchain does the name “Permissionless” refer to?
    Means that anyone can freely interact with the blockchain (Read and Write to blockchain) without needing approval from central authority.

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

  4. Who are allowed to join a permissioned blockchain network?
    Members of an organization or consortium as determined by the blockchain network admins.

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Because it allows data and transactions to remain secret to people who are not entitled to know.

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#434
  1. What benefits do blockchain provide in business-to-business collaborations?
    Secure, verifiable transactions
  2. **What property of a blockchain does the name “Permissionless” refer to? This would refer to decentralised blockchain **
  3. What are 3 examples of permissionless blockchains?
    BTC ETH EOS
  4. Who are allowed to join a permissioned blockchain network?
    Named persons usually from within a company
  5. Why do you think permissioned blockchain networks are preferred by many companies extra privacy on dealings and therefore prevents outsiders from gleaning company information
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#435
  1. It reduce time and cost cause removes inthermiedaries
  2. To participate in a nodes
  3. Bitcoin, Ethereum, EOS
  4. Just trusted partners that contributes to validate nodes
  5. Cause they centrilize the permission to see or dont see some informations
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#436
  1. What benefits do blockchain provide in business-to-business collaborations?

They allow transfer of value in a secure, transparant, verifyable way, between 2 parties,
without a (trusted) third transaction-party because any participant can verify ( & authenticate) these transactions.

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

You need permission to run a node, and verify and authenticate transactionst (and ev. may be allowed to participate in decisions on governance aspects).

3.What are 3 examples of permissionless blockchains?

A. Bitcoin
B. Ethereum
C.DASH

  1. Who are allowed to join a permissioned blockchain network?
    Only authorized users get ‘permission’ to use the BC (user / node).

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

As a business you keep control (users, governance, validation (no miners needed)) so you can adapt these variables to leverage your business purposes.

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#437

  1. What benefits do blockchain provide in business-to-business collaborations?
    Transparency, p2p, security, fast transactions

  2. What property of a blockchain does the name “Permissionless” refer to?
    A public blockchain where there is no central entity calling the shots

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

  4. Who are allowed to join a permissioned blockchain network?
    only those that have been given access/ permission to the blockchain network

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    because there is some control involved. it is not open or accessible to just anyone.

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#438
  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?
    Anyone can join the system without permission. Anyone can run a node
    Trustlessness
  3. What are 3 examples of permissionless blockchains?
    Bitcoin, Ethereum, and Eos
  4. Who are allowed to join a permissioned blockchain network?
    Only approved people or computer entities by specific members of consortiums or companies
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    To have control, especially over their secrets; and leverage the power of the network for their own, internal business operations.
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#439
  • Increasing trust between parties, and allowing instant access to relevant, authentic information
  • Everyone is able to join the blockchain and participate in all related operations in the network.
  • Bitcoin, Ethereum, Dogecoin’s blockchains
  • Anyone approved by the network.
  • Not everything is open to the public (control over data), governance, privacy, it requires permission to join. Transparency not required.
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#440

  1. B2B applications require certain control and privacy as to store intellectual properties, company transactions so using a permissioned blockchain would be a great usecase for B2B. Then ofcourse all other benefits of blockchain is available for B2B applications like tamperfree data, transparency for its participants, etc.

  2. Permissionless means participants are free to join the network. It means the network is public and noone is scrutnizing the first time user of the network.

  3. Bitcoin. Etherum, EOS

  4. Usually a company or a group of companies run private blockchains, so who ever they give permission can join the network.

  5. Permisioned blockchain is not accessible to general public so all the company secrets are safe and only reachable to authorized personnal.

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