Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#561
  1. What benefits do blockchain provide in business-to-business collaborations?
  • trustworthy data
  • equal access (at least for reading) if access is provided at all (in case of a permissioned blockchain
  • data redundancy - data is distributed among several nodes. It is not critical that one node goes down.
  1. What property of a blockchain does the name “Permissionless” refer to?
    The open state of the blockchain. Any node in the blockchain can read & write data to the blockchain. Data validity is ensured by the consensus protocol. No permission is required.
  2. What are 3 examples of permissionless blockchains?
  • Bitcoin
  • Ethereum
  • EOS
  1. Who are allowed to join a permissioned blockchain network?
    Only parties granted access by the owner.
  2. Why do you think permissioned blockchain networks are preferred by many companies?
    In order to retain control and the privacy of the data. Companies may store sensitive data in the blocks (medical records for example).
    Also permissioned blockchains are more easy to manage since a company has control all nodes. Nodes can be easily updated for example.
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#562

  1. What benefits do blockchain provide in business-to-business collaborations?
    They provide a layer of trust that was not present before and have a quick way of accessing previous information.

  2. What property of a blockchain does the name “Permissionless” refer to?
    Decentralization, Anonymity, Transparency and a digital asset.

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

  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.

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    They are the perfect compromise of control and functionality. You use the blockchain technology but you retain control over the network.

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#563
  1. It provides trust and instant access to relevant authentic information.
  2. Permissionless means public where there is NO trust.
  3. Three examples are EOS, Bitcoin, and Ethereum.
  4. Those who are in the network of the central Blockchain and those who have been granted permission.
  5. Most companies prefer permissioned networks so that they keep their affairs in-house.
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#564
  1. It allows for the transfer of data/assets/value between parties without need for 3rd party, due to providing a trust layer.
  2. Anyone has access to the blockchain, and can transact on the blockchain without the need for approval from anyone party
  3. Bitcoin, Ethereum, Dogecoin
  4. Who ever governs the permissioned blockchain can grant access to whoever they wish. This can be an admin or multiple admins
  5. To keep private company data confidential, and control access and development of the blockchain uses, tools etc
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#565

1: Transparency, better security, provides trust.

2: A public blockchain has network consensus, verifies and authenticates transactions, publicly viewable.

3: Bitcoin, Ethereum, EOS

4:Only trusted nodes that require the network permission.

5: Cost-effective, More control over data, Governance.

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#566

  1. What benefits do blockchain provide in business-to-business collaborations?
    Trust, transparency, immutability of transactions

  2. What property of a blockchain does the name “Permissionless” refer to?
    The ability to add and verify transactions to the blockchain

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

  4. Who are allowed to join a permissioned blockchain network?
    Only those who are granted access or authorized by the central authority / owner of the blockchain network - eg, the corporation or group that is implementing and using the particular permissioned blockchain

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Permissioned blockchains enable the company to be selective about which transactions / data are publicly available or not. They also enable the company (that owns the blockchain) to determine their own governance or rules regarding the blockchain and not be subject to public approval since it is a private network for their own operations

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#567

1: It allows for transparency and thus highly increases trust between parties.
2: It refers to the ability for anyone to join/use the network but can also refer to the characteristics of it being decentralized, having anonymity, and transparency.
3: Bitcoin, ethereum, EOS and Cardano!
4: Whoever the owner of the blockchain permits to join.
5: Because they can have the ability to control more aspects of the network like who can use it, who can run the nodes, how the network is updated.

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#568
  1. What benefits do blockchain provide in business-to-business collaborations?
  2. What property of a blockchain does the name “Permissionless” refer to?
  3. What are 3 examples of permissionless blockchains?
  4. Who are allowed to join a permissioned blockchain network?
  5. Why do you think permissioned blockchain networks are preferred by many companies?

1)Provides trust, security to tampering, double spending, instant access to the information, storage of all historical data
2)That it is public, that its driven by network consensus, there is no need of a permission to join the network or do a transaction
3)Bitcoin, Etherium, EOS
4)Only the participants that are authorized.
5)Because it requires permission, their business operations are not opened to the public, governance, cost effective, and you have control over data

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#569

1. What benefits do blockchain provide in business-to-business collaborations?
A: They allow the parties to deal with each other without a trustworthy intermediary as the data in the blockchain is incorruptible and accessible to all of its participants by design. This speeds up the B2B relations as all the relevant information is verifiable

2. What property of a blockchain does the name “Permissionless” refer to?
A: There is no control of whom can access the chain, ensuring that is totally censorship free

3. What are 3 examples of permissionless blockchains?
A:

  • Bitcoin
  • EOS
  • Etherium

4. Who are allowed to join a permissioned blockchain network?
A: only those whose access has been granted by the owner of the blockchain

5. Why do you think permissioned blockchain networks are preferred by many companies?
A: The access permissions are controlled. It’s not an open network but they still can take advantage of its decentralized and incorruptible features

#570
  1. Blockchain networks allow for increased trust between parties and instant access to relevant information.
  2. Permissionless Blockchains are decentralized, anyone can join, incentivized, and transparent.
  3. Bitcoin, Etherium, EOS
  4. Users approved by the organization which owns the permissioned blockchain.
  5. Companies prefer private blockchains to securly record transactions and exchange information without being required to be transparent.
#571

  1. The benefits of blockchain technology in business-to-business collaboration are that it allows for increased trust between parties, and instant access to relevant, authentic information. This can be achieved because blockchains provide a historical record of all data.

  2. In a “permissionless” blockchain, anyone can create an account and start interacting; anyone can create a node and be part of the network; anyone can develop and add smart contracts onto the network with no limitations.

  3. The 3 examples of permissionless blockchains are Bitcoin, Ethereum, and EOS.

  4. Only verified users by the developers or companies are allowed to join permissioned blockchain network.

  5. Many companies may prefer a permissioned blockchain because they don’t want their data to be exposed to the public. Also, they don’t want any stranger to add data.

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#572
  1. What benefits do blockchain provide in business-to-business collaborations?

The benefits that blockchain provide in business-to-business collaborations is that 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.

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

“Permissioniess” refers to the that is public and open to anyone without permission to access the blockchain

  1. What are 3 examples of permissionless blockchains?

Three examples of permissioniess blockchains are, Bitcoin, Etherum, EOS

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

Only approved people or computer entities are allowed to join a permission blockchain network

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

Permissioned blockchains are preferred by centralized organizations, which leverage the power of the network for their own, internal business operations.

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#573
  1. What benefits do blockchain provide in business-to-business collaborations? Allow parties to conduct business without the need for a trusted third party, as all transactions and information are transparent and immutable
  2. What property of a blockchain does the name “Permissionless” refer to? Anybody has access to use it, it is non-discriminatory
  3. What are 3 examples of permissionless blockchains? Bitcoin, Ethereum, Polkadot
  4. Who are allowed to join a permissioned blockchain network? Those who have been given permission by the central authority
  5. Why do you think permissioned blockchain networks are preferred by many companies? It allows the central company to maintain its control over the blockchain
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#574

  1. Increased Trust from B2B and instant access to relevant information.

  2. Anyone can use or be part of the network meaning you don’t need permission to take part

3.BTC, ETH, ADA

  1. The people that are invited to take part in the network

  2. I guess to still have some control of their company or business on what information they want to show. They will also like making their own rules to suit the company and to protect important company information.

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#575
  1. What benefits do blockchain provide in business-to-business collaborations?
  • Trust (older data cannot be removed);
  • Transparency;
  • No need for a third party.
  1. What property of a blockchain does the name “Permissionless” refer to?
  • You don’t need any permission to interact with the blockchain.
  1. What are 3 examples of permissionless blockchains?
  • Bitcoin BTC;
  • Bitcoin BCH;
  • Bitcoin BSV.
  1. Who are allowed to join a permissioned blockchain network?
  • There is some controlling body that decides who will be allowed.
  1. Why do you think permissioned blockchain networks are preferred by many companies?
  • Possibility to control and govern;
  • Possible anonimity.
1 Like
#576
  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?
    Decentralisatoin.
  3. What are 3 examples of permissionless blockchains?
    BTC, ETH, EOS
  4. Who are allowed to join a permissioned blockchain network?
    People who get approval from the central decision makers.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Security & Control…
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#577

  1. Provides transparency.

  2. It is public and you do not need to ask anyone for permission to run a node.

  3. BTC, EOS, ETH

  4. Only people who are allowed.

  5. Private companies prefer control over their data so they can access who sees it as well as update.

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#578

  1. What benefits do blockchain provide in business-to-business collaborations?
    Trust the code without knowing the other business.
    More control over data.
    Transfer value without middle men and third parties.
    Get insight into all transactions recorded.

  2. What property of a blockchain does the name “Permissionless” refer to?
    Anyone can have access to it without permission from a controlling party.

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

  4. Who are allowed to join a permissioned blockchain network?
    Those with permission from the controlling party.

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    More control over sensitive data, better security.

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#579

  1. removes trust from the equation and relies entirely on the blockchain. It removes the risk of being cheated or short changed.

  2. This refers to the fact that the blockchain is available for any individual to use without authorisation from a governing party.

  3. Bitcoin, Ethereum, EOS

  4. Only individuals that are given permission by the owner.

  5. This gives companies the ability to control who uses and interacts with their network whilst maintaining the benefits of a blockchain network.

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#580

Q1. What benefits do blockchain provide in business to business collaborations?
A1. Trust less private to private network.

Q2. What property of a blockchain does the name “permissionless” refer to?
A2. 100% decentralized network

Q3. What are 3 examples of permissionless blockchain?
A3. Bitcoin, Monero, Zcash and Ethereum.

Q4. Who are allowed to join a permissioned blockchain network?
A4. Any party the governing body aollow permissioned to.

Q5. Why do you think permissioned blockchain networks are preferred by many companies?
A5. Business end of the day are in competition within their industry and would not want their business to being leaked to another company. like business clients, business plans, business payroll, business trade secrets and etc.

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