Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#441
  1. What benefits do blockchain provide in business-to-business collaborations?
  • Allow trustless TXs between two parties
  • Fast access to immutable data

  1. What property of a blockchain does the name “Permissionless” refer to?
    The ability to participate in the network as a user/miner/validator without the permission of a central authority.

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

  3. Who are allowed to join a permissioned blockchain network?
    Only users approved by the central authority

  4. Why do you think permissioned blockchain networks are preferred by many companies?
    There are various reasons: Scalability, ease of maintenance/updating, data security, synergies with existing internal networks, customisability for a specific use case and greater control over data. Furthermore, recording mission-critical data that may provide firms with a competitive advantage in a public manner may aid market competitors.

2 Likes
#442

  1. What benefits do blockchain provide in business-to-business collaborations?
    Increased trust, Instant access to relevant and authentic info, and historical record of all transactions.

  2. What property of a blockchain does the name “Permissionless” refer to?
    That it is public and open to everyone; no permission required.

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

  4. Who is allowed to join a permissioned blockchain network?
    Only approved people or computer entities.

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    They can leverage the network for their own internal business affairs.

1 Like
#443

1.)What benefits do blockchain provide in business-to-business collaborations?
A.) 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. Therefore, it provides a trust layer that did not exist until now, for all types of transactions – as all members of the network have access to the same information via the ledger, thus making it easy for participants to verify and authenticate past transactions.

2.)What property of a blockchain does the name “Permissionless” refer to?
A.)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?
A.)
I.) BITCOIN
ii.) ETHEREUM
iii.)dogecoin

4.)Who are allowed to join a permissioned blockchain network?
A.) Anyone can join a network once their identity and role are defined. 5.)Why do you think permissioned blockchain networks are preferred by many companies?
A.) Businesses and enterprises are increasingly opting for permissioned blockchain networks, as they can put in the necessary restrictions selectively while configuring the networks, and control the information. :nerd_face:

1 Like
#444

[quote=“filip, post:1, topic:6383”]

  • What benefits do blockchain provide in business-to-business collaborations?
    Blockchain provide a secure indelebal record of transactions between business.

  • What property of a blockchain does the name “Permissionless” refer to?
    Permissionless refers to there being no need to request access to the blockchain.

  • What are 3 examples of permissionless blockchains?
    There examples of permissionless block chains are BTC, ETH and USDT…

  • Who are allowed to join a permissioned blockchain network?
    Only persons/entities who have requested and been given the rights of access can join a permissioned blockchain.

  • Why do you think permissioned blockchain networks are preferred by many companies?
    Permissioned blockchains are preferred by business because access to them is controlled by a central entity.

1 Like
#445
  1. It takes care of more trust between parties and instant access to relevant information
  2. Decentralized, Digital asset(monetary or utility token), Anonymous, Transparant
  3. Bitcoin, Ethereum, EOS, Dogecoin
  4. That’s up to the “owner” of the blockchain
  5. Because the governance of the company can control who is using the blockchain
1 Like
#446

  1. Blockchain can bring benefits to B2B Relations by removing the need of trust as the necessary information can be written or read in Blockchain which is immutable.

  2. Permissionless refers to public chains where anyone can access without special permission

  3. Bitcoin, etherium, EOS

  4. Only users that are given special permission.

  5. Because many companies would still like to keep their ledgers private

1 Like
#447

  • What benefits do blockchain provide in business-to-business collaborations?
    Transparency
    Trust
    The integrity of the security
    Cost-effective

  • What property of a blockchain does the name “Permissionless” refer to?
    No permission is required for the usage of it.
    Allows for network consensus
    the transactional ledges developed on the chain are immutable.

  • What are 3 examples of permissionless blockchains?
    Bitcoin
    Ethereum
    Cardano

  • Who is allowed to join a permissioned blockchain network?
    People or organizations approved by a centralized authority or the owner of the blockchain.

  • Why do you think permissioned blockchain networks are preferred by many companies?
    More control of the blockchain, to impose there own agendas or manipulate for there own business gains

1 Like
#448
  1. What benefits do blockchain provide in business-to-business collaborations?

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

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

Public transparency – therefore verify, then trust

  1. What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum & Algorand

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

As approved by the central scrutinizers

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

Permissioned blockchain networks protect the companies’ privacy, IP and competitiveness, while it also maintains full control

1 Like
#449

1. What benefits do blockchain provide in business-to-business collaborations?
A: Assuming this is referring to PERMISSIONLESS B2B:
–No permisson required
–Transparency
–Anonymity
2. What property of a blockchain does the name “Permissionless” refer to?
A: No permission required; the network is public
3. What are 3 examples of permissionless blockchains?
A: BTC, ETH, EOS
4. Who are allowed to join a permissioned blockchain network?
A: Whoever is granted permission by the business according to business needs and protocols.
5. Why do you think permissioned blockchain networks are preferred by many companies?
A: They can have complete control over all aspects of data according to needs of the business via internal governance, while varying the decentralization aspects and levels of transparency they demand.

1 Like
#450
  1. it benefits in such a way where, you can have a decentralized network but, it can be private so only the two businesses or other businesses involved can participate and see whats going on and noone can hack or change anything.
  2. permissionless meaning public so everyone can participate and see whats going on.
  3. bitcoin, ethereum, eos
  4. only people involved
  5. because they want to keep their business between them and them only without government or public eye.
1 Like
#451
  1. What benefits do blockchain provide in business-to-business collaborations?
    It allows to have a historical database, where everything is transparent. You can not undo what was written in the code. It also allows to transfer value or infos without a third partie.
  2. What property of a blockchain does the name “Permissionless” refer to?
    It refers to the fact that it is public.
  3. What are 3 examples of permissionless blockchains?
    Bitcoin blockchain, Ethereum blockchain and Eos blockchain are all three public blockchains.
  4. Who are allowed to join a permissioned blockchain network?
    Only node that have been allowed to run on the blockchain, by the company.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Because they want to be able to stay in control. If it was public, they wouldn’t control it maybe at one point if more then 50% of the node want to go in one direction. So that makes it complicated to control. If you know your nodes you know what they want and you can give instructions, not in a public blockchain where everybody can join.
2 Likes
#452
  1. increased trust between parties, instant access to information . this is because blockchain provide historical record of all tx-s and the reason for those tx-s
  2. access , they allow every user to create and read content on the blockchain
  3. bitcoin, ethereum , eos
  4. members only
  5. leverage of the power for their own business operations , control, governance, privacy
1 Like
#453

What benefits do blockchain provide in business-to-business collaborations?
It provides a trust layer that did not exist until now, for all types of transactions – as all members of the network have access to the same information via the ledger, thus making it easy for participants to verify and authenticate past transactions.

What property of a blockchain does the name “Permissionless” refer to?
Public Blockchains. Anyone can join and the protocal secures the network thru the code.

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

Who are allowed to join a permissioned blockchain network?
Only trusted entities will be allowed to join. The owner decides who is a trusted entity.

Why do you think permissioned blockchain networks are preferred by many companies?
Business have secrets that they want to maintain control over . . . control over the data is why companies want private Blockchains.

1 Like
#454

1.They allow for businesses to access records as well as tied connections to those records. This gives them a TRUSTLESS network between businesses.

2.The open and public aspect of Blockchain in my opinion best refers to the term Permissionless. There are no permissions needed to begin trading, mining or investing within the blockchain

  1. Bitcoin, ETH and EOS are 3 good examples of a permission-less blockchain

4.Authorized entities are “chosen” or given permission by whatever requirements are met. Usually from a higher level person or Super User

5.Companies wouldn’t want a lower end employee to hack or compromise their business in any way for whatever reason. In a business owners perspective, you would as much control as possible (governance) and also to be at the wheel in terms of their functionality, credibility and overall operation(s)

1 Like
#455

1 What benefits do blockchain provide in business-to-business collaborations?
Increasing the trust between parties and instant access to relevant, authentic information
2 What property of a blockchain does the name “Permissionless” refer to?
Open and decentralized
3 What are 3 examples of permissionless blockchains?
BTC, ETH, ADA
4 Who are allowed to join a permissioned blockchain network?
Those who are approved by the permissioned governance
5 Why do you think permissioned blockchain networks are preferred by many companies?
Permissioned blockchain networks are prefered by many companies because they give more leverage and control to the companies in charge of them!

1 Like
#456

There are multiple benefits. Blockchain can provide transparency so that information can be seen between companies. It can provide security because data can’t be changed or tampered with. Lastly, it can provide consensus by allowing the parties to validate if information is correct.

This name is refers to a public blockchain. People can join a public blockchain network without having to ask a central authority.

Bitcoin, Ethereum, Zilliqa

Nodes that are authorized by the central party.

Because companies have central operations that they might not want to share with public nodes.

1 Like
#457
  1. It allows for the sharing of information and exchange of payment in faster and more transparent transactions.
  2. The ability to access and utilize the blockchain. In a permission-less blockchain anyone can access and broadcast transactions along with anyone can sign up to be nodes.
  3. Bitcoin, Ethereum, EOS.
  4. Only those that are permitted by the owner of the network.
  5. Because banks and major companies tend to be followers when it comes to adoption of new technology and with Blockchain tech there is a great deal of mis-understanding which creates mis-trust. In addition a public blockchain prevents them from controlling the flow of information.
1 Like
#458
  1. Immutability
  2. Reduces the need for middlemen
  3. Real time transparency among authorised members
  4. Increased security of data

The ability for anyone to join the network: run a node/ mine/ transact/ contribute to governance

  1. Ethereum
  2. Bitcoin
  3. Polkadot

Individuals or machines authorised by the company/ consortium

It offers:

  1. Control required for private business
  2. Some of the benefits offered by blockchain technology
1 Like
#459

Answers Permissioned vs. Permissionless

  1. What benefits do blockchain provide in business-to-business collaborations?
    Blockchain adds a layer of trust in performing transactions between parties. It also provides authentic and transparent information, as anyone is able to verify the transactions made.

  2. What property of a blockchain does the name “Permissionless” refer to?
    Permissionless blockchain refers to the characteristic that everyone can use the blockhain by submitting transactions or even participate in the network as beeing e.g. a node.

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

  4. Who are allowed to join a permissioned blockchain network?
    Permissioned blockchains are controlled by a central instance (e.g. a company). The central instance decides who is able to use and participate in the network.

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Because companies do have the control over the network and fit the system to their business purpose. In this way, they can make use of the blockchain technology without using a public blockchain.

1 Like
#460

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

The ability for a consortium of companies that don’t inherently trust one another to share one “source of truth” that no single entity owns.

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

Permissionless refers to the level of access to the network. The ability of a user/entity being able to participate on the network freely

3. What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum and Zilliqa,

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

Entities that have been granted access by the central authority or consortium that own the network

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

It allows companies to drive the governance of the network - who can join the network, what are they allowed to do/view on the chain. Provides better performance and scalability due to simpler consensus protocols

1 Like