Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#461
  1. What benefits do blockchain provide in business-to-business collaborations?
  • increased trust
  • own governance
  • choice of transparency with instant access to authentic information
  • access to historical data records
  • permission to specific areas or departments
  1. What property of a blockchain does the name “Permissionless” refer to?
  • the protocol grants the power of authority, choice and control
  • it’s public
  • transparent
  • decentralized
  • censoship resistant
  1. What are 3 examples of permissionless blockchains?
  • Bitcoin
  • Ethereum
  • EOS
  1. Who are allowed to join a permissioned blockchain network?
    anyone who is invited by the superuser
  2. Why do you think permissioned blockchain networks are preferred by many companies?
    Absolutely, as the companies will want to keep control of the governance and therefore the direction of the development
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#462
  1. What benefits do blockchain provide in business-to-business collaborations?
    transparent ledger to auth users, all biz parties can easily read the ledger, the blockchain can be updated and improved by the company.
  2. What property of a blockchain does the name “Permissionless” refer to?
    Public., no central authority can edit the ledger, driven by network consensus
  3. What are 3 examples of permissionless blockchains?
    BTC, ETH, ADA, DOT
  4. Who are allowed to join a permissioned blockchain network?
    whoever the central authority allows
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    concerns about sharing confidential info outside the business partners or company, requires permissions to participates, cost effective, company governance
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#463

  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.

  2. What property of a blockchain does the name “Permissionless” refer to?
    A permissionless blockchain 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. What are 3 examples of permissionless blockchains?
    Bitcoin
    Ethereum
    Dogecoin

  4. Who are allowed to join a permissioned blockchain network?
    private 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?
    Companies can leverage the power of blockchain for their own internal business operations.

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#464

  1. Increases trancparency and trust between parties, there is no need for outside accounting. Enables high integrity

  2. In permissionless blockchain anyone can have an address and be connected to the network.

  3. BTC, ETH, DOT

  4. Those who control permissions.

  5. Companies want to keep control over the governance

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#465
  1. What benefits do blockchain provide in business-to-business collaborations?

They have the possibility to transact value in terms of money or information in a trustless way without a third party.

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

That anyone can add entries to the ledger or contribute as a node or miner (without permission).

  1. What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum and EOS.

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

Anyone that gets permission.

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

More scalable and more control while it’s easier to optimize the solution for their needs.

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#466
  1. **What benefits do blockchain provide in business-to-business collaborations?
  • no need to rely on some 3rd party to execute the transfers
  • it brings transparency to b2b partners, not only with the data but in the decision making also referred as concensus
  • all parties have the same access to the data as a whole
  1. **What property of a blockchain does the name “Permissionless” refer to?
  • to a decentralized blockchain
  1. **What are 3 examples of permissionless blockchains?
  • BTC, ETH and EOS
  1. **Who are allowed to join a permissioned blockchain network?
  • anyone who has granted access to join the network
  1. **Why do you think permissioned blockchain networks are preferred by many companies?
  • they have control over the network
  • they control who can access the network and data
  • they control the code how the validating is executed; they control the algorithms
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#467
  1. Provides increase in trust, more efficiency in transactions, better security and increased transparency.
  2. The public blockchain, completely decentralized and central governance.
  3. Ethereum, Bitcoin and Polkadot.
  4. The ones that are accepted by the actors that are in charge of the blockchain.
  5. It is much easier to govern, du to the fact that we never had have a complete decentralized governance model before.
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#468

1.)

  • No 3rd party
  • Increases trust between the parties.
  • It brings transparency to b2b partners
  • Greater security
  • Fast (automated) exchange of data between the parties.

2.)
Anyone can use the network and nobody need permission.

3.)
Bitcoin, Ethereum, Monero

4.)

  • Much more control
  • The governance is decided by members of the business network
  • higher scalability
  • There are not required to be transparent (anonymous)
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#469

1- Increase the trust between parties, provides instant access to relevant and authentic information.
2- It refers to that anyone can use and join the network and there isn’t a central authority.
3- BTC, ETH, EOS, LTC
4- Only authorized users
5- More control of the data, requires permission to use and can be tailored to the needs of the company, therefore being more efficient

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#470
  1. Creates a back-linked ledger that has great properties including robustness, censorship-resistance, transparancy and perhaps above all creates a system where the companies don’t need to trust one another.
  2. All parties can freely start using it, freely start contributing to the consensus system to keep it decentralized, freely build on top of it, …
  3. ETH, BTC, Cardano
  4. Only those provided access by a central party (a business e.g.).
  5. Because some transactions, sensitive information stored perhaps should only be seen by some.
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#471
  1. What benefits do blockchain provide in business-to-business collaborations? Allows transfer of assets with no intermediary, it’s a trustless system thus saving time and money.
  2. What property of a blockchain does the name “Permissionless” refer to? Public
  3. What are 3 examples of permissionless blockchains? 1) BTC, ETH, IOS
  4. Who are allowed to join a permissioned blockchain network? Whoever the central controlling party allows.
  5. Why do you think permissioned blockchain networks are preferred by many companies? Due to control and privacy of company information.
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#472
  1. Blockchains benefit to B2B comes in many forms.

Transparency: Realtime information can be viewed by all parties
Trust less: There is no need to trust the person just the system
Convenience: It’s available anywhere you have a connection to the net.
Eliminates third parties: Without the need of third parties to confirm, validate or delay, transactions or interactions are direct, cheaper, faster, more secure.

  1. This refers to the open nature of the network that allows anyone to join and utilize without permission from anyone.

  2. Bitcoin, Etherium, Doge

  3. Only the ones that comply with the predefined regulations

  4. They allow them to exercise some control over their information and transactions, a private club who’s members are determined by criteria.

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#473
  1. Blockchain provides a transparent ledger, security, elimination of 3rd parties, anti-corruption, censorship-resistance, and trust-less culture.
  2. Permissionless means anyone can take part.
  3. Three examples of permissionless blockchains are Bitcoin, Ethereum and EOS.
  4. A permissioned blockchain network can only be joined by some one who gets permission from the creator of the network.
  5. Many companies prefer a permissioned blockchain so they can maintain governance and control, knowing they have trusted nodes chosen by the owner of the network.
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#474
  • What benefits do blockchain provide in business-to-business collaborations?
    Trasparantsy, security, Ability to authenticate historical data or transactions
  • What property of a blockchain does the name “Permissionless” refer to?
    IT refers to public and private
  • What are 3 examples of permissionless blockchains?
    Eos, bitcoin, ethereum
  • Who are allowed to join a permissioned blockchain network?
    Only those who have permission or are authorized
  • Why do you think permissioned blockchain networks are preferred by many companies?
    For control
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#475
  1. What benefits do blockchain provide in business-to-business collaborations?
  • transparency increase
  • eliminating third parties
  • increased trust
  • instant access to relevant authentic data
  1. What property of a blockchain does the name “Permissionless” refer to?
    that everybody can interact with the network, by creating a personal address and start submitting transactions and adding entries to the ledger
  2. What are 3 examples of permissionless blockchains?
    Bitcoin, ethereum, Litecoin, Doge, Cardano
  3. Who are allowed to join a permissioned blockchain network?
    which ever user is authorized by the centrlized organisations to access the network
  4. Why do you think permissioned blockchain networks are preferred by many companies?
    to have control to what happens on “their” network, this due to secracy of possible information stored on a permissioned Blockcain. They need to be compliant with applicable rules and legislation, and the Blockchain needs to be cost effective and easy to integrate in their current business applications landscape.
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#476

  1. What benefits do blockchain provide in business-to-business collaborations?
    It provides trust as all parties know that a transparent and immutable database is used.

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

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

  4. Who are allowed to join a permissioned blockchain network?
    The participants that have the proper persmissions.

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Because the informations stored are private and the technology is more tailor made. Plus, the transaction fees are way smaller.

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#477

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

It’s trustless, secure, transparent, instant access, 24/7/365

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

You don’t need permission to use, it is incentivized and trustless.

3.What are 3 examples of permissionless blockchains?

Bitcoin, ethereum, EOS.

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

Only authorized users can join.

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

Control, require permission, governance.

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#478

  1. Increase trust between parties, Instant access to relevant, Authentic Information, historical record of all transaction

  2. Allow users to create personnal adress and interact with the BC, all party can run a node, it is decentralized, anonym, transparent

  3. BTC, ADA, ETH, DOT…

  4. Only the person who got permission from the central authority of the BC

  5. Company keep control

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#479
  1. An increase in trust between parties, instant access to information.
  2. it is public Blockchain, anonymous, consensus network
    3.everyone can run his own node, register his own adresse for transactions, verify transactions
  3. the parties who are autorised by the permissioned blockchain
  4. it is much more manageable, more private for transactions as they have less transparency, they can control data, and its cheaper
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#480
    • Transparency.
    • Secure transactions.
    • Eliminates third parties.
  2. You don’t need permission to access and participate to the blockchain network.
    • Bitcoin
    • Ethereum
    • EOS
  4. Authorized users.
  5. Because they want to keep their business information and features under their own control.
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