Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#541
  1. What benefits do blockchain provide in business-to-business collaborations?
    There is increased trust between two parties for example because it’s transparent having the blockchain involved.
  2. What property of a blockchain does the name “Permissionless” refer to?
    It is public for everyone to see.
  3. What are 3 examples of permissionless blockchains?
    Bitcoin, Ehtereum, EOS.
  4. Who is (there is a mistake!) allowed to join a permissioned blockchain network?
    People in the company for example if they’re getting the permission to do so.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Because they still have control over their data and don’t want this data to be public.
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#542
  1. Censorship resistance, elimination of third parties, anti-corruption and transparency; collaborators benefit from increased trust between parties, and instant access to relevant, authentic information
  2. Permissionless refers to the public property of a blockchain.
  3. Three permissionless blockchain examples are Bitcoin, Ethereum and EOS.
  4. Governance is decided by members of the business network. Individuals’ levels of access can be determined on a user-case basis.
  5. I think they’re preferred as a bridge to innovation, and if there is a perceived need to protect intellectual resources, ie: trade secrets. The organization may value the potential of decentralization but not be ready for full-full disclosure.
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#543

  1. What benefits do blockchain provide in business-to-business collaborations?
    More trust between b2b parties, instant access to needed information.

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

  3. What are 3 examples of permissionless blockchains?
    Ethereum, Polkadot, Cardano

  4. Who are allowed to join a permissioned blockchain network?
    Everyone who was given access to by the Blockchain owner

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    They stay in control of the blockchain and rules. Governance is decided then by the members of the business network, not by governance-token holders, like it would be on a public blockchain.
    In many cases transactions and data is sensible, so there is no need for transparency.

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#544

1.You don’t need a middleman and there is transparency. You also cannot update and delete on the blockchain.
2. Public and decentralized blockchain
3. Bitcoin, ethereum with smart contracts, and and EOS
4. The people that are authorized as trust nodes
5. Because they have private and sensitive information they want to keep internally.

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#545
  1. Blockchain eliminates the need of a 3-rd party.
  2. It refers to the fact that everybody can join.
  3. Blockchain, Etherium, EOS.
  4. Who is authorized to do so.
  5. Because not everyone can have access and view information, because it’s more performant than a permissionless network.
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#546
  1. Increased trust between parties and access to relevant, authentic information.
  2. The networks freedom to be used by anyone without the need to submit personal information beforehand.
  3. Bitcoin, Ethereum, and Cardano.
  4. Those granted access by the central entity that controls the blockchain.
  5. Because they offer more privacy and control.
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#547
  1. In business-to-business collaborations, blockchain offers 24/7 access to tamper-resistant data and functionalities without intermediaries and the associated inefficiencies and requirements for trust
  2. In a permissionless blockchain everybody can participate in the consensus mechanism by becoming a network node. Additionally, it is public meaning that everybody can access and use the blockchain.
  3. Bitcoin, Ethereum, Dogecoin
  4. In a permissioned blockchain, only entities that got approval by the network’s governance mechanism can become a network node
  5. A permissioned blockchain offers more control over the blockchain and might therefore be preferred by companies
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#548

  1. Blockchain networks allow for increased trust between parties, and instant access to relevant, authentic information and provide a historical record of all transactions, along-side the means to record these entries.

  2. Many permisionless networks are based on consensus protocols, which means that network changes of any type can be achieved as long as 50% + 1 of the users agree to it.

  3. BTC, ETH & ADA

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

  5. It is all about CONTROL, by banning or censorship.

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#549
  1. Trust, security hard to tamper with and cost effective.
  2. Public
  3. BTC ETH ADA
  4. Authorized users only.
  5. because they can coontrol who can transact with it.
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#550
  1. What benefits do blockchain provide in business-to-business collaborations?
    Better trust, transparency, security and other
  2. What property of a blockchain does the name “Permissionless” refer to?
    The ability for anyone to use and interact with the blockchain.
  3. What are 3 examples of permissionless blockchains?
    Bitcoin, Zilliqa, Tron
  4. Who are allowed to join a permissioned blockchain network?
    Only the stakeholders who are given permission access.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    They can conform to more private level of interaction which is what most private entities want.
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#551

  1. It provides trust, security as it is resistant to tampering (cant go back changing blocks), authentic information, historical data of tx’s and it is cost effective.

  2. Permissionless reffers to the public blockchain as no permission is required for you to use it. It is driven by a consensus network.

  3. Bitcoin, Zilliqa, Ethereum…

  4. Only those that are authorized to use it.

  5. Because they require permission and the data can be controled in a way that it can be viewed by those having permission, governance, privacy and it is cost effective.

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#552

1- It provides trust between parties. eliminates the need of the middle men. instant acces to the informatiom It provides records of all historic transaction.
2- it is public.
3- Bitcoin, ethereum, Polkadot.
4- Only approved people or computer entities.
5- Because they can have the control on the ntwork.

#553
  1. What benefits do blockchain provide in business-to-business collaborations?

Trustless transactions without the need of a third-party, almost instant authentication of all transactions completed between entities.

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

No need for permission to join the network

  1. What are 3 examples of permissionless blockchain?

Bitcoin, Ethereum, Cardano

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

Entrusted entities

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

« To leverage internally the power of Blockchain network for their own gains »

#554

  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?
    Anyone can access, decentralized (no central entity has auth to edit ledger, shut down network, or change protocols), consensus approval of tx/protocols, digital assets, anonymity, transparency

  3. What are 3 examples of permissionless blockchains?
    Bitcoin, Ethereum, Litecoin, Dash, Monero

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

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    To securely record tx, and exchange info between one another.

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#555
  1. A secure, trusted transaction environment
  2. Anyone can work or participate on the chain without getting permission
  3. Bitcoin, Eth, lite coin
  4. Only the designated people
  5. Companies may prefer permissioned network for privacy and control
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#556

  1. What benefits do blockchain provide in business-to-business collaborations?
    increased trust between parties, and instant access to relevant, authentic information

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

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

  4. Who are allowed to join a permissioned blockchain network?
    Only people approved by the organization who owns the BC

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Because they need to have control over the BC and how it’s used.

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#557

1. What benefits do blockchain provide in business-to-business collaborations?
Blockchain technology allow companies to store their information in an auditable way (it will store every transaction that is relevant to the process where it is used, and this data cannot be altered in any way).
Based on this, companies may establish partnerships and enforce their compliance based on its blockchain records.
2. What property of a blockchain does the name “Permissionless” refer to?
It is referred to the access to the network. In a permissionless systems, people may interact freely with the blockchain, reading data, sending transactions, and even as a node or a miner.
3. What are 3 examples of permissionless blockchains?
Bitcoin, Ethereum, Litecoin
4. Who are allowed to join a permissioned blockchain network?
Only users that have been allowed by the blockchain’s central authority.
5. Why do you think permissioned blockchain networks are preferred by many companies?
Because they want to enjoy the advantages of using blockchain (say, auditable and transparent data), without the risk of leaking their private, sensitive data to their competitors. We can also consider that they have to comply with different rules of data protection from regulators, and their internal policies on data access.

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#558

  1. What benefits do blockchain provide in business-to-business collaborations?
    Data/information can be reliable/trustworthy and accessible instantly.

  2. What property of a blockchain does the name “Permissionless” refer to?
    the ability to interact with a blockchain - to read and update

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

  4. Who are allowed to join a permissioned blockchain network?
    Only people or entities who are approved by the governing party can join

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    to retain some level of control(s)

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#559
  1. What benefits do blockchain provide in business-to-business collaborations?
  • true data: provides a ledger that indisputably displays transactions, allowing for more authentic data management.
  • equal access: the ledger can be read by all parties involved (if chosen to), allowing less trust to be needed in business collaborations.
  • protection: Since the information is distributed, it makes it less likely to be hit by cyber attacks, thus protecting business information.

  1. What property of a blockchain does the name “Permissionless” refer to?
    “Permissionless” refers to the open access of a blockchain. If a blockchain is permissionless, that means any node/user and read and write upon the blockchain.

  2. What are 3 examples of permissionless blockchains?

  • Bitcoin
  • Ethereum
  • Litecoin
  1. Who are allowed to join a permissioned blockchain network?
  • Participants who are granted access by the owner(s) of the blcockchain.
  1. Why do you think permissioned blockchain networks are preferred by many companies?
  • It keeps company secrets privy to approved parties, rather than be accessed by everyone. For example, medical records would be better formatted in a permissioned blockchain, rather than a permissionless one for patient confidentiality. Permissioned blockchains are also more efficient and manageable than a permissionless one, at the cost of security.
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#560
  1. Blockchain allows for increased trust between parties, and instant access to relevant, authentic information. Blockchains provide a record of all transactions for added transparency.
  2. Permissionless means anyone can access, decentralized and based on consensus protocols.
  3. Bitcoin, Ethereum, Monero
  4. Specific members that are approved by that specific blockchain company or consortium.
  5. Permissioned blockchain networks are preferred by companies since they are easier to govern. For a central governing entity can decide on how the network is created and with which consensus protocols to implement. They are not required to be transparent and can be centralized.
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