Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#581
  • increased trust between parties
  • instant access to relevant, authentic information

Permisionless means that anyone can participate the network. Anyone is allowed to create a personal address and begin interacting with the network, by submitting transactions, and hence adding entries to the ledger.

  • Bitcoin
  • Ethereum
  • Polkadot

Users that are authorized

  • Governance
  • Varying decentralization
  • Controlled transparency and anonymity
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#582
  1. In business-to-business scenarios, blockchain networks allow for increased trust between parties, and instant access to relevant, authentic information.
    2.Public blockchain
  2. BTC, ETH,EOS
  3. Permissioned blockchains act as closed ecosystems, where users are not freely able to join the network. They must have permission.
    5.Control, privacy, requires permission
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#583

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

    • Transparent transactions history.

  2. What property of a blockchain does the name ā€œPermissionlessā€ refer to?

    • One does not need to obtain permission from any organization in order to join the network.

  3. What are 3 examples of permissionless blockchains?

    • Bitcoin, Etherium, EOS.

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

    • Usually employees and partners of the organization that controls the network.

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

    • Because companies need to have control over their intellectual property.
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#584
  1. In business-to-business collaborations, blockchain networks provide 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. The ability to create entries and read the blockchain data.
  3. Bitcoin, Ethereum, EOS
  4. Only people allowed by the owners or origination in control of the blockchain.
  5. Permissioned blockchain networks are preferred by many companies as this allows them to retain control of the data and stop it from being fully viewable to the public, especially in the case of business sensitive information and data.
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#585

  1. What benefits do blockchain provide in business-to-business collaborations?
    Trust and security

  2. What property of a blockchain does the name ā€œPermissionlessā€ refer to?
    Permissionless regering to public blockchain

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

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

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

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#586
  1. allows transfer of data/assets/value between two parties, while eliminating the need to rely on third parties or trust each other
  2. anyone can participate and interact with the blockchain/network by for example setting up a node
  3. Bitcoin, Ethereum, EOS
  4. only approved people/computers
  5. they keep control over inserted data/transactions + control over viewers and access to intellectual property
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#587
  1. Allow for increased trust between parties, and instant access to relevant, authentic information.
  2. Anyone can have the choice of running a node on the system, or employing the mining protocols to help verify transactions. Basically allowing anyone to get involved with the network.
  3. Bitcoin, Ethereum and EOS
  4. Permissioned blockchains are run by specific members of consortiums or companies.
  5. Because they ultimately have the control of who joins and interacts with the network.
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#588
  1. What benefits do blockchain provide in business-to-business collaborations?
  • Increased trust between parities, access to authentic and relevant information, faster payments, lower fees, global transactions, instant accounting, data privacy and management and governance,
  1. What property of a blockchain does the name ā€œPermissionlessā€ refer to?
  • As a whole ā€˜Permissionlessā€™ encompasses the decentralisation of a network meaning that no central authority has the ability to edit the digital ledger or control the network.
  • Anonymity, that everyone has access to the Blockchain network as a user, miner etcā€¦ without having to disclose personal information.
  • Transparency, that users have access to all information on the network apart from Private Keys.
  • Tokenisation & incentivisation.
  1. What are 3 examples of permissionless blockchains?
  • Bitcoin
  • Ethereum
  • Dogecoin
  • EOS.
  1. Who are allowed to join a permissioned blockchain network?
  • Authorised / invited individuals or entities.
  1. Why do you think permissioned blockchain networks are preferred by many companies?
  • As with most business, the ability to leverage information to their own benefit is of paramount importance. Transactions can be made more securely and information distributed internally, or with partners, more securely.
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#589

  1. Efficient transfers between two parties; Eliminates 3rd party middlemen; Instant access to relevant and authentic information; Great security

  2. It is decentralized, thus cannot be shut down by any central authority/entity. Anyone can interact and involve on the network. There are incentives for the users on the network. Information on the network is transparent to anyone.

  3. Bitcoin, Ethereum, Cardano

  4. Only people who are approved by the network authority can join.

  5. To have varying degree of centralization. To hold data private instead of open to the public; To allow important decision to be made by business network members only.

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#590

1.transparency, integrity of data, authentication.
2.public BC
3.bitcoin, zilliqa, cardano
4.authorized members
5.control, governance

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#591

  1. What benefits do blockchain provide in business-to-business collaborations?
    It increases trust between parties.

  2. What property of a blockchain does the name ā€œPermissionlessā€ refer to?
    You donā€™t need to have a permission to use a blockchain. It it public.

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

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

  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Because it is private blockchain, and only chosen people could view and write to it.

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#592

  1. Blockchain networks allow for increased trust between parties and instant access to relevant and authentic information.

  2. It refers to the blockchain and whether thereā€™s authority over access to it. If openly public, itā€™s permissionless, but it private, itā€™s permissioned.

  3. Three examples of permissionless blockchains would be: Bitcoin, Ethereum and Litecoin

  4. People, companies or computer entities, etcā€¦ are approved by the consortium or companies that run the permissioned blockchain.

  5. Permissioned blockchains are preferred by many companies because of privacy and governance. So, anonymity and control.

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#593
  1. The benefits a blockchain provides in business-to-business collaborations are.
    • Provides cryptographic tamper-proof security
    • Allows data to be transmitted and stored in a peer-to-peer (P2P) fashion
    • 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. (cost-effective)
    • It provides a trust layer that did not exist previously by allowing members of the network to have
      access to the same information via the ledger, thus making it easy for participants to verify and
      authenticate past transactions.
  2. The properties of a ā€œpermissionlessā€ blockchain Are;
    • Decentralization: so no central entity has the authority to edit the ledger, shut down the network,
      or change its protocols
    • Digital assets: Another characteristic is the presence of a financial system on the network. Most permissionless networks have some kind of user-incentivizing token.
    • Anonymity: Many permissionless networks do not require users to submit personal information
      prior to being able to create an address, or submit transactions.
    • Transparency: a transparent network needs to freely give users access to all information (apart
      from the private keys) and transactions processed by the network.
  3. Three examples of a permissionless blockchain are:
    • Bitcoin(BTC)
    • Ethereum(ETH)
    • Chainlink(LINK)
  4. Only authorized personal can join a permissioned blockchain network.
  5. Many companies prefer permissioned blockchains because it gives them the ability to exert more
    control over the data, as well as limits data to authorized personnel, and is also more cost-effective
    by allows them to leverage the power of the network.
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#594

  1. Increased trust, instant access to relevant, authentic information, access to historical data of transactions.

  2. It is public. Everybody can join the network without the need for permission. No authority manages the blockchain.

  3. Ethereum, Bitcoin, Litecoin.

  4. Only members of business network.

  5. The need of control and governance. Not wanting sensitive information to go out public.

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#595
  1. Trust is key In business-to-business scenarios. Blockchain networks enables trust between business parties and instant access to relevant, authentic information. The distributed decentralized ledger peer to peer network of blockchain based on cryptographic protocols makes Blockchain decentralised, tamper-resistant, high privacy Anonymity, transparency, provides great security, is driven by consensus and allows data to be transmitted and stored in a peer to peer fashion.
  2. Permission less blockchain are public blockchains that mostly power digital currencies. They allow any user to create their address and begin interacting with the network by submitting entries and adding entries to the ledger.
  3. Digital currency blockchains such as Bitcoin, Etherium, Uniswap, EOS,
    4, Permissioned blockchains are private closed ecosystems that require users to have permission to join the network, see the history and transact in the blockchain. They are preferred by centralized organizations which leverage the power of their network for their own internal business operations.
    5.Permissioned blockchains have faster seeds, scale better, are easier to maintain, change and update, designed security through selected participants and are flexible and can be tailored to fit the needs of the private company or entity. There is no incentive for miners to approve transactions since the governance model is tailored differently.
#596 
  1. Enables trust between participants,
 Instant access to all relevant historical data, authentication and verification.
 Immutability, so tamper proof and secure. 

  2. Public use of the blockchain with no need for permission. Operates in a trustless environment with no central controlling authority.  Digital ledger technology is immutable, so data cannot be tampered with in anyway giving security.

  3.  Bitcoin, Ethereum, Cardano,,,.

  4.  Only participants which have been authorised.

  5.   Control, over data, easier governance. Security. Easier to scale and maintain, plus its cost effective.
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#597
  1. The benefits blockchain provides to B2B is trust and a level of control
  2. Permissionless refers to fact that anyone can use the blockchain either as a user or a miner. Its public and has consensus
  3. Bitcoin, Etherium and EOS
  4. Only people that are authorized can join a permissioned blockchain network
  5. Permissioned blockchains are preferred by many companies because they can keep there records private to anyone they dont authorize to be on the network.
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#598

  1. What benefits do blockcha
    in provide in business-to-business collaborations?
    Upon collaborating, businesses know they have access to the same information as they can view all current and passed transaction w/o a middle man. This allows for quick transparent data exchange.

  2. What property of a blockchain does the name ā€œPermissionlessā€ refer to?
    Everyone can join, it is a no-trust environment that works through incentives. Thehse neteworks are decentralized, meaning that no ssingle entity can chhange, or shut down either the ledger or the protcocol. It has some ocnsensus algorithm/

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

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

Whoever is given permission to join by the central authority.

  1. Why do you think permissioned blockchain networks are preferred by many companies?
    Because they may have intellectual property, business secrets and they have more degrees of freedom when deciding on governance and transparency.
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#599

  1. Increased trust between parties, instant access to verifiable information.

  2. This refers to open blockchains that anyone can join and contribute to without tiers for who can see and do what. Thus, a blockchain you donā€™t need permission to be an equal part of.

  3. Bitcoin, Ethereum, and Polkadot

  4. Who ever is granted permission by the central entity in control.

  5. Because they donā€™t want all of their companies information to be private. They also want more control.

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#600
  1. Blockchain allows for increased trust between parties, and instant access to relevant, authentic information in business-to-business collaborations.
  2. Permissionless refers to the ability of every users ability to create a personal address and begin interacting with the network, submit transactions and for 3rd party developers to develop and add smart contracts onto the network, without limitations imposed by the original developers. Also all parties have the choice of running a node on the system, or employing the mining protocols to help verify transactions.
  3. Bitcoin, Ethereum and Monero.
  4. Only authorised users.
  5. To securely record transactions i.e. protecting proprietary information, and privately exchange information between one another.
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