Permissioned vs Permissionless - Reading Assignment

barney · February 14, 2021, 4:49pm

Reading Assignment: Permissioned vs. Permissionless.

What benefits do blockchain provide in business-to-business collaborations?
Increased trust between parties, and instant access to relevant, authentic information.
What property of a blockchain does the name “Permissionless” refer to?
Public, Consensus network, that gives all users equal permissions to join the newtork.
What are 3 examples of permissionless blockchains?
Bitcoin, Ethereum and EOS
Who are allowed to join a permissioned blockchain network?
Only those who have the permission from centralize organization that owns the network, to do so.
Why do you think permissioned blockchain networks are preferred by many companies?
Stay in control over access to the platform and data.
What user can view or use in their network services.
To keep sensitive information away form the public about the business.

TracyR · February 14, 2021, 6:27pm

Increased trust due to increased access to authentic information on the blockchain.
Use - Anyone can use a permissionless blockchain
Bitcoin, Ethereum, Polkadot
Only those designated by the business running the blockchain.
Businesses still need a level of privacy for internal transactions.

vic21 · February 14, 2021, 10:20pm

It eliminates the need for third-parties.
It is public rather than private
Bitcoin, EOS, Eth
Users that are authorized
It allows them to maintain secrecy in their internal business operations.

Edvins · February 15, 2021, 6:04pm

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?
	○ 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, Litecoin and Akash Network are all examples of permissionless blockchains. 
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?
	○ Varying decentralization - members of the blockchain network are free to negotiate and come to a decision concerning the level of decentralization that the network will have
	○ Transparency & Anonymity - private blockchains are not required to be transparent, but they can choose to do so freely, depending on the inner organization of the businesses. 
	○ Governance - governance is decided by members of the business network

Mariano_Collarte · February 15, 2021, 8:21pm

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

Increased trust between companies and instant access to relevant and authentic information

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

Any user to create a personal address and begin interacting with the network, by submitting transactions, and hence adding entries to the ledger

What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum, Litecoin

Who are allowed to join a permissioned blockchain network?

Only approved people or computer entities by the consortium or companies running the blockchain network have the possibility of running nodes on the network, validating transaction blocks, issuing transactions, executing smart contracts, or reading the transaction history.

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

They have more control over who has access to the network, the level of decentralization, level of transparency, and the governance model, all of which cannot be defined by a company operating on a permissionless blockchain.

Duende · February 16, 2021, 4:46am

Provides security, access to data, provides trust
2.is public for everyone to join and contribute.
3.bit, eth, EOS
4.Only those who are given authorization.
5.Because they can control them and set the rules they want in order to match their criteria wanted for their business.

DLG · February 16, 2021, 9:32am

Blockchain technology is beneficial for B2B collaboration as it provides increased trust and security between parties and allows access to authentic information. It also completely eliminates the need of a third party to verify the truthfulness of things as everything is transparent.
a) Completely decentralized - no central authority that can control the network.
b) Digital assets - most permissionless networks have an user-incentivising token which appreciates or depreciates in value according to the network’s success.
c) Anonymity - many permissionless networks don’t require verifying one’s identity. People can just create an address and start interacting with the blockchain without having to complete KYC.
d) Transparency - permissionless networks are completely open source and every participant can verify the authenticity of transactions, code, blocks and so on.
Bitcoin, Ethereum, Polkadot
Only approved people or computer entities.
Because they require permission, granting the running company more control over data, meaning who can view what. They can also chose what to make public to the users and what to keep private for only authorized people to view (Privacy). They are also easier to maintain.

HereWeGo · February 16, 2021, 12:55pm

Secure transfer of data, assets or value between two parties, increased trust between parties and instant access to relevant and authentic information.
The ability for anyone to run their own node on the system, or employing the mining protocols to help verify transactions without anybody’s permission.
This property exists in ‘fully’ decentralized (public) networks but not in private ones.
Bitcoin, Cardano & Dogecoin.
Only approved people or computer entities by specific members of consortiums or companies are allowed to run nodes on the network, validating transaction blocks, issuing transactions, executing smart contracts, or reading the transactions history on the network.
As they want control to govern over the data and assets in the network and protect them from the exposure to the general public, and because they are cheaper to use, easier to scale and maintain, and faster to transact in than permissionless blockchain networks are.

Holt · February 16, 2021, 9:14pm

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

Blockchain provides varying levels of trust. In a permissioned blockchain you are required to trust those who have permission. In permissionless blockchains you can trust the protocol. Both types of blockchains provide extra security and can be used to authenticate information and can provide historical data.
What property of a blockchain does the name “Permissionless” refer to?

This means anyone can join and use the network. It provides a trustless environment with a ledger of all activity.
What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum, EOS
Who are allowed to join a permissioned blockchain network?

Only approved parties can join a permissioned blockchain.
Why do you think permissioned blockchain networks are preferred by many companies?

Some blockchains may be for internal use only. Furthermore, companies may need full control over certain aspects of a blockchain to meet regulations.

redwolf · February 17, 2021, 2:41am

1.They provide trust, and equal opportunities to information.
2. Does not require a third parties consent.
3.Bitcoin, ethereum, and eos
4. Participants given access.
5. They allow for total control of the database and flow of information in an efficient and relevant way for the company.

T.O.B · February 17, 2021, 4:12am

What benefits do blockchain provide in business-to-business collaborations?
Secure, fast transactions.
No intermediary.
Increased trust.
Transparency.
Provenance.

What property of a blockchain does the name “Permissionless” refer to?
Public blockchain access.
Decentralised.

What are 3 examples of permissionless blockchains?
Most cryptocurrencies (there’s thousands of examples of those).

Who are allowed to join a permissioned blockchain network?
Specific members of a group, such as a consortium, company, business, corporation, employees or particular clients.

Why do you think permissioned blockchain networks are preferred by many companies?
Many aspects of a particular company would be easily manipulated were that information to become public, such as competitor companies getting hold of a client base, or financial position.

fabianvon · February 17, 2021, 9:23am

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.

What property of a blockchain does the name “Permissionless” refer to?
anyone can develop and add smart contracts onto the network, with no limitation imposed by the developers.

What are 3 examples of permissionless blockchains?
BTC, ETH, EOS

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.

Why do you think permissioned blockchain networks are preferred by many companies?
Company consortiums are also likely to employ private blockchains to securely record transactions, and exchange information between one another.

Dwayne · February 17, 2021, 1:13pm

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

1, Eliminates third parties
2. Anti-corruption
3. Transparency

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

Decentralized and transparent

What are 3 examples of permissionless blockchains?

BTC, EOS, ETH

Who are allowed to join a permissioned blockchain network?

People/organizations that are given a certificate/permission.

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

Security, Control, Governance

Ignacio · February 17, 2021, 8:01pm

1. What benefits do blockchain provide in business-to-business collaborations?
It severely decreases friction for information sharing between partnered-business. Also, it makes the collaboration transparent within the bounds of the coded agreements.

2. What property of a blockchain does the name “Permissionless” refer to?
It refers to open blockchains which contnt is accessible by anyone.

3. What are 3 examples of permissionless blockchains?
The most prominent examples are: Bitcoin, Ethereum and Cardano

4. Who are allowed to join a permissioned blockchain network?
Only individuals that have been granted access to the blockchain.

5. Why do you think permissioned blockchain networks are preferred by many companies?
Because it allows companies to use blockchain technologies without having to give up all of their governance on their data.

EdTunn · February 18, 2021, 3:33am

What benefits does blockchain provide in business-to-business collaborations?
Provides increased trust, instant access to relevant authentic info.
What property of a blockchain does the name “Permissionless” refer to?
The avoidance of a centralized authority to tamper with the data or grant permission to users.
What are 3 examples of permissionless blockchains?
Bitcoin Ethereum and Doge
Who is allowed to join a permissioned blockchain network?
Specific members of Consortiums or companies and members need to opt-in for the creation of such a network. Only approved people or computer entities have the possibility of running nodes on the network.
Why do you think permissioned blockchain networks are preferred by many companies?
The company the owns and deploys a permissioned blockchain holds central control as a requirement, given the fact that businesses people-managed entities that will grant people access to the network as they see fit.

JdRoberts · February 20, 2021, 12:02am

Blockchain networks allow for increased trust between parties, and instant access to relevant, authentic information.
The ability for anybody to have access to the blockchain.
Bitcoin, Ethereum, Eos
Only approved people or computer entities.
To protect sensitive data

Alzxcvb · February 20, 2021, 2:36am

What benefits do blockchain provide in business-to-business collaborations?
Fast transaction times and increased trust and transparency
What property of a blockchain does the name “Permissionless” refer to?
Anyone can access, engage, and contribute to the blockchain
What are 3 examples of permissionless blockchains?
Bitcoin, Ethereum and Doge
Who are allowed to join a permissioned blockchain network?
The people that Centralized entity allow
Why do you think permissioned blockchain networks are preferred by many companies?
They maintain control and protect any necessarily private data (like social security numbers for banking)

Ana.Barreto · February 20, 2021, 11:35am

MARTIS · February 20, 2021, 12:34pm

1.) They “allow for increased trust between parties, and instant access to relevant, authentic information. This is thanks to the fact that blockchains provide a historical record of all transactions, alongside the means to record these entries.”
2.) Public blockchains
3.) Bitcoin, Ethereum, EOS
4.) Since the blockchain is run by specific entities (private blockchain), the people these entities trust are allowed to join.
5.) Governance and the ability to control certain aspect of the blockchain (i.e. certain employees can see prices and transactions that the entities do not want made public).

Steve_Studies_Crypto · February 20, 2021, 10:06pm

What benefits do blockchain provide in business-to-business collaborations?
“It 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.”
What property of a blockchain does the name “Permissionless” refer to?
Public property.
What are 3 examples of permissionless blockchains?
Bitcoin, Ethereum and Polkadot.
Who are allowed to join a permissioned blockchain network?
Members who opt in, are approved and are are given permission by a company running said private blockchain.
Why do you think permissioned blockchain networks are preferred by many companies?
There is more control over consensus mechanisms and overall authority as far as what nodes are allowed on the chain. This makes sense for a private business or businesses.