Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#41
  1. What benefits do blockchain provide in business-to-business collaborations?
    With blockchain it would be a secure and transparent way to share information across and not to worry about the data being mutated in the process. With this business-to-business collaboration can be more trusted as there is no central authority.
  2. What property of a blockchain does the name “Permissionless” refer to?
    Everyone can access, no need permission to access. Is also commonly known as public blockchain.
  3. What are 3 examples of permissionless blockchains?
    ETH,BITCOIN,EOS
  4. Who are allowed to join a permissioned blockchain network?
    An trusted entity or a trusted individual to run the nodes on the network.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    As permissioned blockchain requires access to access the information inside the network, this would helps the company to control who have access to the information.
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#42

  • What benefits do blockchain provide in business-to-business collaborations?
    Blockchain networks allow for increased trust between parties, and instant access to relevant, authentic information.

  • What property of a blockchain does the name “Permissionless” refer to?
    Anyone can get involved on the network, decentralization, digital assets, anonymity, and transparency.

  • What are 3 examples of permissionless blockchains?
    Bitcoin, Ethereum, and EOS

  • Who are allowed to join a permissioned blockchain network?
    Only authorized participants.

  • Why do you think permissioned blockchain networks are preferred by many companies?
    Many companies seek to keep control over the flow of data. The companies needs are internal and seek to delegate approved entities to compartmentalize data specific to the needs of the approved people/entities’ work. These companies also need the governance and privacy that permissioned blockchains offer.

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#43

Great answers here!

Only one thing seems to me not being right. I think EOS is not totally permisionless because adding to blockchain can do only few voted nodes. I believe there is 21 selected (by community voted) nodes which can verify transactions and add them to EOS blockchain. So only few selected/authenticated nodes are able to add transactions to blockchain.

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#44
  1. What benefits do blockchain provide in business-to-business collaborations?
  • it provides secured and immutable transactions
  • it provides access to all historical transactions
  • it provides peer to peer transactions, there is no need that 3rd party provides trust in transactions
  1. What property of a blockchain does the name “Permissionless” refer to?

Parties can get involved with creating and reading data from or to blockhchain without need to be permisioned. In other words anonymous parties can write and access to data in blockchain.

  1. What are 3 examples of permissionless blockchains?
  • Bitcoin
  • Ethereum
  • NEO
  1. Who are allowed to join a permissioned blockchain network?

Onyl parties that have been authorized.

  1. Why do you think permissioned blockchain networks are preferred by many companies?
  • They are much faster than public/permissionless blockchains.
  • All parties involved with blockhain need to be authorized.
  • Control over who can view and which data data can be viewed by different authorized parties.
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#45
  1. What benefits do blockchain provide in business-to-business collaborations? -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 are decentralized and transparent by design.
  3. What are 3 examples of permissionless blockchains? - Bitcoin, Ethereum, EOS (Ripple is semi-permissioned)
  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? - they leverage the power of the network for their own, internal business operations.
#46
  1. What benefits do blockchain provide in business-to-business collaborations?
    increased trust, transparency and data security. Customers can track product origins.
  2. What property of a blockchain does the name “Permissionless” refer to?
    Anybody with internet connection can use this blockchain.
  3. What are 3 examples of permissionless blockchains?
    BTC, BCH, ETH
  4. Who are allowed to join a permissioned blockchain network?
    Nodes that approved by central authority.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Because it allows them to have benefits of blockchain and control over their data.
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#47
  1. What benefits do blockchain provide in business-to-business collaborations? 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? Decentralization
  3. What are 3 examples of permissionless blockchains? Bitcoin, Ethereum (as of this writing), Dogecoin
  4. Who are allowed to join a permissioned blockchain network? Only specific members of a centralized organization, i.e. company or consortium, can join a permissioned blockchain, and probably with varying capabilities.
  5. Why do you think permissioned blockchain networks are preferred by many companies? The business direction comes from the people who own and manage a company, so it is just understandable for them to preserve control. In this case, companies should evaluate whether blockchain is really worth adapting.
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#48

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

  2. What property of a blockchain does the name “Permissionless” refer to?
    Public and accessible to everybody freely

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

  4. Who are allowed to join a permissioned blockchain network?
    The creator or the participant of the network/blockchain

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    To not display some kind od information, for security reasons, or secrets

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#49
  1. What benefits do blockchain provide in business-to-business collaborations?
    01.More trust among the parties 02. Instant access to authentic relevant information.
  2. What property of a blockchain does the name “Permissionless” refer to?
    Permissionless means anyone can access the blockchain and see the
    transactions.anonimously.
  3. What are 3 examples of permissionless blockchains?
    1. Bitcoin 02.Ethereum 03.Litecoin
  4. Who are allowed to join a permissioned blockchain network?
    only approved people or computer entities
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    It is better for internal business operations, allows the central governing entity or
    consortium of entities to decide on all problems pertaining to how the network is created,
    its protocols and what users can do.
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#50

  1. full transparency of transaction between the different parties, permanent record of the details all which deliver trust into the business interaction.

  2. Permissionless is all about overall control of the blockchain infrastructure. It means that a person may join the community, create blocks, create transactions without having one central authority.

  3. ETH, BTC, EOS

4.invited participants only

  1. Because such companies are still fully in control of the data, costs are kept under control, who is “on the system” is controlled, who produces blocks, what consensus algorithms to use and keeping within regulations on data usage and privacy.
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#51
  1. What benefits do blockchain provide in business-to-business collaborations? The use of blockchain technology can increase transparency, access to relevant and authentic informatio, trust between involved companies
  2. What property of a blockchain does the name “Permissionless” refer to? There’s no need to authentication to read old transactions, to become a node of the network and to mine new transactions.
  3. What are 3 examples of permissionless blockchains? Bitcoin, Ethereum, EOS.
  4. Who are allowed to join a permissioned blockchain network? Only accreditated and authorizated accounts.
  5. Why do you think permissioned blockchain networks are preferred by many companies? In a company often the control and the governance on the ledger, its datas and the process to create, read, update an delete them, are needed.
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#52 
  1. What benefits do blockchain provide in business-to-business collaborations?

Ans: Transparency and efficiency(No need for middle man).

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

Ans: Censorship Resistance

  1. What are 3 examples of permissionless blockchains?

Ans: Bitcoin, Ethereum and Dash

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

Ans: Trusted Parties or participant.

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

Ans: It can easily be governed and controlled by the companies and organizations.

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#53

  1. What benefits do blockchain provide in business-to-business collaborations?
    Blockchain creates a ledger that cannot be modified so there is complete transparancy between the possible “transactions” those businesses do between each other.

  2. What property of a blockchain does the name “Permissionless” refer to?
    Permissionless means you don’t need permission to add data to the blockchain or read from the blockchain.

  3. What are 3 examples of permissionless blockchains?
    Bitcoin / Ethereum / Monero

  4. Who are allowed to join a permissioned blockchain network?
    The company that manages that blockchain decides who can join the network

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Because companies want to keep control of the data. Maybe also because the data that is recorded on the blockchain is not meant for the public to see it or requires only a few players to be involved.

#54

One - security, no trust is needed because you can trust the data, and you can see all the old data because it’s transparent.
Two- Decentralized

three -btc, Ethereum and eos

Four -whom ever the business allows , whomever the centralize authority allows.

Five because they control it, they can change it, sensor it… It gives sthem power and flexibility.

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#55

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

  • Enables transfer of value or digital assets between 2 parties.
  • Transparency.is maintained
  • Removes the need for third parties to facilitate transactions.
  • Easy for participants to verify and authenticate past transactions.

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

  • That particular blockchain is public rather than private.

3.What are 3 examples of permissionless blockchains?

  • Bitcoin
  • Monero
  • Litecoin

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

  • Authorised users who are invited.

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

  • Maintain control
  • Limit data to authorised users only.
  • They can coerce the network for their own purposes.
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#56

1. What benefits do blockchain provide in business-to-business collaborations?
They provide an immutable ledger of transactions which can be audited by the business parties. It allows for more transparency and removes the need for a third party to complete transactions for them.

2. What property of a blockchain does the name “Permissionless” refer to?
It means that the blockchains are public. Anyone can add to the blockchain and see all transactions within the blockchain.

3. What are 3 examples of permissionless blockchains?
BTC, ETH, LTC

4. Who are allowed to join a permissioned blockchain network?
Only those people who have authorization from the blockchain owner are allowed to join.

5. Why do you think permissioned blockchain networks are preferred by many companies?
It allows the companies to have control over their data, who views it and who has authorization to add to the blockchain.

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#57
  1. trust in the system, security, transparency, no third party
  2. anyone can join the network and be a part of it
  3. bitcoin, monero, dash
  4. private users, who get a permission to the network
  5. security, privacy, control
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#58

  1. What benefits do blockchain provide in business-to-business collaborations?
    Access to data from both parties on a permission based model
    Provides anti tampering functionality
    Access to immutable history

  2. What property of a blockchain does the name “Permissionless” refer to?
    No permission is required to use or interact with the network.

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

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

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    It gives them control over who sees what or who can access it.

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#59
  1. What benefits do blockchain provide in business-to-business collaborations?

Immutable record of decisions, transactions, etc.

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

Read and potentially append

  1. What are 3 examples of permissionless blockchains?

EOS, Etherium, Dogecoin

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

Only those approved by a centralized ‘controller’

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

Centralized control; can restrict access from the general public

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#60

  1. What benefits do blockchain provide in business-to-business collaborations?
    Trust
    A backoffice withou the need of having an own infrastructure

  2. What property of a blockchain does the name “Permissionless” refer to?
    Public, access for everyone.

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

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

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

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