Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#501
  1. What benefits does blockchain provide in business-to-business collaborations?

• Trust
• security

  • historical data of all transactions
  1. What property of a blockchain does the name “Permissionless” refer to?
  • everybody can join
  1. What are 3 examples of permissionless blockchains?

• Bitcoin
• Ethereum
• EOS

  1. Who are allowed to join a permissioned blockchain network?
  • People who have a permission or status in this bc
  1. Why do you think permissioned blockchain networks are preferred by many companies?
  • secures data
  • Control over data – who can see what
  • Cost control
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#502

1/ security of data: reliable at anytime (as not tamperable), then no need to audit them ==> lower costs in ops. (ie:no need of stock review)
2/ no centralized control, anyone is able can read any data at anytime
3/ Bitcoin, Ethereum, Binance smart chain
4/ Only people accredited by permissioned network
5/ They are not public, then included data can’t be read, except by accredited people

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#503
  1. In business-to-business collaborations, blockchain allow parties to transact directly with each other without going through a third party, because the blockchain protocols can be trusted
  2. “Permissionless” means that you can submit transactions to the blockchain (or become a Miner) without obtaining permissions from anyone
  3. Bitcoin, Etherium and EOS are current examples of permissionless blockchains
  4. The only people who are allowed to join a permissioned blockchain network are those permitted to, by one or more trusted nodes in that Private Blockchain
  5. Permissioned blockchain networks may be preferred by many companies, because of concerns about the level of transparency a Public blockchain involves and the need to limit who can do what on that blockchain
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#504
  1. Transparency, resistant to tampering, eliminates the need for trust, stores easily accessible and relevant authentic info/records for previous transactions.
  2. public type of blockchain, no permission to use is required, you can run a node or verify transactions, no centralised authority to control the blockchain
  3. BTC, ETH, EOS
  4. only trusted parties by the business/BC owner can participate
  5. easier to control the access to business sensitive information, tailored to the needs of the business (specific scalability), easy to maintain and adapt to the changing needs of the business, less expensive
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#505

  1. Blockchain technologies can bring many value and benefits to companies, such as secure transactions for collaborative business, without costly billing systems changes. It streamlines business process for better, timely and lower cost customer experience.

  2. A Permissionless trustless blockchain refers to the fact there is no central authority all data is stored on a public ledger for anyone to access .

  3. Bitcoin, Ethereum, and Cardano.

  4. Who ever has permission in the set Governance can have access to certain things in a private blockchain.

  5. Permissioned blockchain networks are preferred by many companies because they want to keep sensitive data private.

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#506

1/ data reliability = 100% (no corruption possible)/ processes far more effective in time==> lowering process costs / real time inventories, real time cash, real time point of product developement / real time sales and revenues…
2/= no 3rd trusfull 3rd party needed
3/ bitcoin, ethereum, ?
4/ only accredited by owner ones
5/ organizations prefer keep control: accredit or not new members entrance, don’t appreciate transparency provided by permissionless blockchains under certain circumstances;
besides, sometimes they need to process huge amounts of data, blockchains being less effective as centralized processing

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#507
  1. What benefits do blockchain provide in business-to-business collaborations?
    A trustless enviroment, access to all data,
  2. What property of a blockchain does the name “Permissionless” refer to?
    Open to everyone to be part of the chain
    It is inmutable therefore cannot be hacked or changed
    there is not central authorithy that has the capacity to delete or modify data
  3. What are 3 examples of permissionless blockchains?
    Bitcoin
    Ethereum
    Eos
  4. Who are allowed to join a permissioned blockchain network?
    Only the one authrized by the owner of the blockchain
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    They have more control and power over the blockchain, as well as they can decided who are the participants or validators.
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#508

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

The benefits of blockchain in B2B collabs are as follows:

  • Trust layer
  • Very efficient
  • Security
  • Traceable

2/ What property of a blockchain does the name “Permissionless” refer to?
Permissionless means no one controls the blockchain. Anyone can join the node, create/authorize transactions on the blockchain.

3/ What are 3 examples of permissionless blockchains?
Bitcoin, Ethereum, Cardano

4/ Who is allowed to join a permission blockchain network?
Those allowed to join a permission blockchain network are only those members of the business network.

5/ Why do you think permission blockchain networks are preferred by many companies?
Permission blockchain networks are preferred for the following reasons: governance, privacy, control, cost-effectiveness

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#509

  1. Blockchain is a trust between different business entities, without a need for a middle man or a third party.

  2. Anyone can use it, no need to run a node on the network.

  3. Bitcoin, Etherium, EOS.

  4. Only participants who are authorized.

  5. More control, limited access, Adaption to own business purposes, Governance.

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#510

Blockchain benefits for B to B are Instant access to the true info,Trust/trust , inexpensive

Permissionless means means public ,seen by all instead of private

Three examples of permisionless blockchains are Ethereum, Bitcoin and EOS

Who can join a permissionless blockchain ? Only the Bitcoin owners.

Why are permissioned Blockchain networks preferred by many companies?
They are preferred for Trust and security, control of info, and low transaction cost.

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#511

Permissioned Vs Permissionless - Reading Assignment:

Q1: What benefits do blockchain provide in business-to-business collaborations?
A: In b2b collaborations blockchain provides benefits such as:

  • Increased trust between parties.
  • Instant access to relevant, authentic information.
  • Uncorrupted historical records of all transactions.
  • Means to record irrevocable entries.

Q2: What property of a blockchain does the name “Permissionless” refer to?
A: The property of a blockchain which the term “Permissionless” refers to is referred to as “Public”.

Q3: What are 3 examples of permissionless blockchains?
A: If by ‘examples’, it’s meant qualities or characteristics of permissionless blockchains, then 'Decentralisation, the presence of ‘Digital Assets’ and Transparency are 3 such characteristics of permissionless blockchains.

Q4: Who is allowed to join a permissioned blockchain network?
A: Only members or potential members of the private organisation are allowed to join that particular permissioned blockchain.

Q5:Why do you think permissioned blockchain networks are preferred by many companies?
A: I think Permissioned blockchain networks are preferred by many companies because permissioned blockchain networks are closed ecosystems thereby being essentially controlled by the company’s hierarchy. Also, users are not freely able to join the network, see the recorded history, or issue transactions of their own. These companies leverage the power of the network for their own, internal business operations.

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#512
  1. provides trust, security and is resistant to tampering. Instant access to information and access to data of all TXs.
  2. It’s public, consensus driven, and there are no permissions required to run a node, add to the BC or verify past TXs
  3. BTC, ETH, EOS
  4. Authorized participants. (specific Employees of that business)
  5. Because it gives them a little bit more control and privacy over the permissionless BC.
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#513
  1. What benefits do blockchain provide in business-to-business collaborations?
    The technology itself give a higher level of transparency than a centralised DB, allowing the parties to access instantly correct information and generating trust.
  2. What property of a blockchain does the name “Permissionless” refer to?
    It refers to the fact that anyone can participate to the network, by running a node, executing transactions, develop smart contracts, etc…without the need of passing through a centralised selection process.
  3. What are 3 examples of permissionless blockchains?
    btc
    eth
    eos
  4. Who are allowed to join a permissioned blockchain network?
    Only computer entities and people selected by the central authority
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Because they need to run non public operations hence the governance model is decided internally
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#514
  1. What benefits do blockchain provide in business-to-business collaborations? it provides peer to peer transfer of assets, data and value through a trustless, secure ledger than can be verified without the use of a third party.
  2. What property of a blockchain does the name “Permissionless” refer to? its Public, where as a Permissioned property would mean it is Private.
  3. What are 3 examples of permissionless blockchains? Bitcoin, Ethereum and EOS
  4. Who are allowed to join a permissioned blockchain network? People who have been approved by the owner or governance of the blockchain.
  5. Why do you think permissioned blockchain networks are preferred by many companies? They have more control, both with the data and access, and they can use their internal network.
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#515
  1. Increased trust between parties and instant access to authentic information.
  2. The fact that they the blockchain is public. Anyone can create an address, interact with the blockchain, create a node, etc.
  3. Bitcoin, Ethereum, EOS.
  4. People who have been authorized to join by the organization running the blockchain.
  5. Because it allows the companies to keep control of the blockchain and decide who can view/write its data.
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#516

  1. It provides trust, security and instant access to relevant, authentic information. No third party is needed.

  2. Decentralization, digital assets, anonymity and transparency.

  3. Bitcoin, Etherium and EOS.

  4. Specific members of consortiums or companies. 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. Companies can enhance the power of the network for their own, internal business operations. They also can securely record transactions, and exchange information with one another.

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#517
  1. What benefits do blockchain provide in business-to-business collaborations?

It takes away middlemen by removing much of the need to trust the other party. It also provides better security by having the data stored in a more decentralised manner than traditional databases.

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

Nobody needs permission to access the blockchain.

  1. What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum and Dogecoin.

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

Only those who have permission to join. That is, those that get invited to join the network by the entity in control.

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

Because companies like to remain in control, which they wouldn’t be able to do in a permissionless blockchain.

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#518
  1. What benefits do blockchain provide in business-to-business collaborations?

Increased trust, Instant access to information and historical data to name a few

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

Decentralized

  1. What are 3 examples of permission-less blockchains?

Bitcoin, Ethereum and EOS

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

Approved people that are granted access

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

Many reasons: privacy, central governing entity that decides how network is created, its protocols and what the users can do

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#519
  • 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?

Public

  • What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum, Stellar.

  • 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.

  • Why do you think permissioned blockchain networks are preferred by many companies?
    [/quote]

Because they have trade secrets that they do not want the public to know!

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#520
  • What benefits do blockchain provide in business-to-business collaborations?
    Blockchain provides businesses with the ability to eliminate a third party to facilitate and verify transactions.
  • What property of a blockchain does the name “Permissionless” refer to?
    Permissionless refers to the blockchain being public, meaning anyone can join the network.
  • What are 3 examples of permissionless blockchains?
    BTC, ETH, EOS
  • Who are allowed to join a permissioned blockchain network?
    Permissionsed blockchains are controlled by an entity or business
  • Why do you think permissioned blockchain networks are preferred by many companies?
    Companies prefer permissions blockchains because they offer privacy with the company’s sensitive information.
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