Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#621

Trustless or i would say doesn’t need trust as much since it cant be tempered with.
Cost effective in a way.
Transparent through tradable ledger.

  1. no central Authority any one can join or quit.

  2. Bitcoin
    Ethereum
    EOS

  3. anyone approved by the entity who created the blockchain network

  4. the want to have control in someway and they need to keep there secrets away from public.
    Easy to scale and maintain

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#622
  1. What benefits do blockchain provide in business-to-business collaborations?
    Trasparency, governance managment, trust, security
  2. What property of a blockchain does the name “Permissionless” refer to?
    The fact that it is public.
  3. What are 3 examples of permissionless blockchains?
    BTC, ETH, LTC
  4. Who are allowed to join a permissioned blockchain network?
    Only users authorized by who controls the blockchain.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    More control, privacy
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#623

What benefits do blockchain provide in business-to-business collaborations? --> It allows for trust-less , P2P business (eg: transfer of information,data or assets) without requiring a third-party. This leads to lower costs due to the lack of a middle man within the transaction.

What property of a blockchain does the name “Permissionless” refer to? --> The fact that no one person can control the blockchain. It is decentralized and requires more than 50% of the nodes to reach consensus. Also the fact that it is PUBLIC

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

Who are allowed to join a permissioned blockchain network? --> The central organization who started the blockchain network.

Why do you think permissioned blockchain networks are preferred by many companies? While organizations like the capabilities of Transparency and Governance, they do not want the general public to operate on that chain (eg: the finances for government organizations).

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#624
  1. What benefits do blockchain provide in business-to-business collaborations?

A) increased trust between entities, authentic information , access to information is instant

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

A) Decentralised

  1. What are 3 examples of permissionless blockchains?

A) Bitcoin, ethereum , EOS

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

A) only certain people who are verified by the entity

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

A) allows are central entity to govern what is best for company rather then a collective consensus

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#625

1.- Greater transparancy and authentication of data
2.- That anyone can be part of the network - Example: Miner: I can set up with a GPU and start mining without needing the “permission” of an authority.
3.- Cardano, XLM, Tezos
4.- Only trusted Nodes by the creator or master user
5.- In order to protect sensetive information and to give a longer reach of control to the data.

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#626

  1. it can eliminate third party. Trust is not an issue since you can verify. Security and almost impossible to change or temper.

  2. you can join the block chain without anyone permission. Run a node or even mine. Its open to anyone.

  3. Bitcoin, ethereum, EOS.

  4. as example for private company it will be set by the company which vendors, employees and what can they do or see too.

  5. companies usually need privacy and some kind of control thats why permissioned blockchain is preferred

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#627
  1. In B2B applications, blockchain tehcnology eliminates the need to trust the other party as all transactions are transparent.
  2. Permissionless means anyone can join and there are no restrictions like applications or being approved.
  3. Bitcoin, Etherium, and Tron are all permissionless blockchains
  4. Permissioned blockchain participants are allowed to join by the company or entity that owns the network.
  5. Permissioned blockchain networks can be controlled by the company that runs them.
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#628
  1. What benefits do blockchain provide in business-to-business collaborations?
  • Trustless transactions
  • Transparency
  • High security

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

  2. What are 3 examples of permissionless blockchains?

  • Bitcoin

  • Ethereum

  • DeFiChain

  1. Who are allowed to join a permissioned blockchain network?
  • Authorised user
  • Business members
  1. Why do you think permissioned blockchain networks are preferred by many companies?
    Gives them more control over the blockchain and makes it easier for them to change the protocols.
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#629
  1. Blockchain can increase trust between the two businesses due to it’s transparency.
  2. A blockchain can be used by everyone without needing to ask anyone for permission. That’s why it is labeled as permissionless.
  3. Bitcoin, Cardano and Ethereum.
  4. To join a permissioned blockchain you need permission from the institution that runs the blockchain.
  5. Because they are more efficient and cost less.
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#630

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

Immutable ledger listing transactions (no possibility of reversal), centralized ledger so no one can alter the data, removes the need for third-party middlemen who take a facilitation fee

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

It is a public blockchain where anyone can participate

What are 3 examples of permissionless blockchains?

Bitcoin, ETH, Dogecoin

Who are allowed to join a permissioned blockchain network?

Only those authorized by the central authority

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

It allows the companies to control the level of transparency based on the access granted to the user. It is also easier to process transactions as authorized approvers process transactions as opposed to solving a cryptographic puzzle.

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#631
  1. It brings increased trust between parties, and instant access to relevant, authentic information. It can be usefull later on automation, artificial intelligence, Internet of Things and machine learning.
  2. It refers to ability to participate in network (using it, mining) for anybody.
  3. BTC, ETH, LTC.
  4. Approved by creator of the network people/computers.
  5. To maintain controll of their company.
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#632

  1. In business-to-business collaborations, blockchain provides relevant information and increased trust between parties.

  2. The name “Permissionless” refers to a public blockchain; anyone can access it from anywhere.

  3. Three examples of permissionless, or public, blockchains are Bitcoin, Ethereum, and Dogecoin.

  4. Specific members of a company or consortium are allowed to join a permissioned blockchain network.

  5. I think permissioned blockchain networks are preferred by many companies because they offer better security; no one outside the company is allowed to access it.

Thank you!

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#633
  1. Benefits that blockchain provides in B2B collaborations:
  • a secure way to transmit & store data/assets/value P2P
  • eliminates the need to rely on a third party
  • provides a trust layer / access to the same information (historical record of txs) - transparency

  1. Premissionless refers to the property of the blockchain that allows anyone to get involved on the network.

  2. 3 examples of permissionless blockchain:

  • Bitcoin
  • Ethereum
  • Polkadot

  1. A permissioned blockchain can be entered by members of a closed ecosystem - a network of internal business operations.

  2. Reason why permissioned blockchain networks are preferred by many companies is because it gives them control over it: who can see the record history, issue transactions, validate tx blocks or execute SC - only approved people / computers have the possiblility of running nodes.

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#634

  1. Blockchain opens up the possibility of trustless agreements between parties. This means that businesses can interact and co-operate without having to put their faith in that the other entity will act in good faith. Both parties just have to trust the protocol, and they can act with confidence in that the code is immutable and won’t perform negligently.

  2. A Permissionless block is one which anyone is free to join and participate in. These are public blockchains, and unlike private blockchains, permissionless blockchains are the most transparent. Anyone can join the network and anyone can analyse it, without having to ask a centralised body or administrator for access to the blockchain.

  3. Bitcoin, Ethereum and Avalanche are all examples of permissionless blockchains.

  4. There must be some acceptance by the authority of a permissioned blockchain network. As described in the name, a permissioned blockchain has limits to who can see and contribute to it. Certain parts of permissioned blockchains may be publicly viewable, but not contributable. There are also tiers of decentralisation for permissioned blockchains.

  5. Permissioned blockchains are mostly preferred by companies as a ledger for business activities as they provide the immutability and transparency of a permissionless blockchain, however activity on the network is strictly kept within the confines of the business. There may also be confidential information on the blockchain that companies will publish. Permissioned blockchains are also easier to run and maintain if the validator set is significantly more centralised than a larger public and permissionless blockchain network.

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#635
  1. Blockchain allolws for increased trust allong with instant access to authentic information.
  2. It is public
  3. Bitcoin, Ethereum and EOS
  4. Anyone given permssion by the governing authority
  5. Some company information needs to remanin private but also needs to secured in a way that is trustless and cannot be trampered with.
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#636

[quote=“filip, post:1, topic:6383”]

  • What benefits do blockchain provide in business-to-business collaborations?
    increased trust, instant access to relevant, authentic information
  • What property of a blockchain does the name “Permissionless” refer to?
    anyone can interact. no central authority
  • What are 3 examples of permissionless blockchains?
    Bitcoin, Etherium, EOS
  • Who are allowed to join a permissioned blockchain network?
    anyone who is granted permission by a central authority
  • Why do you think permissioned blockchain networks are preferred by many companies?
    [/quote] more control, more privacy
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#637
  1. In business-to-business scenarios, blockchain networks allow for increased trust between parties, and instant access to relevant, authentic information.
    2.No one controls the blockchain so it refers to transparency property.
    3.Bitcoin
    Monero
    Litecoin
    Eos
    4.Authorised” users
    5.Because they can better control who does what, who sees what. Who gets to participate, etc. It’s all about control.
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#638

1. What benefits do blockchain provide in business-to-business collaborations?
Increased trust between parties, Secure and Immutable data storage, Access to necessary data

2. What property of a blockchain does the name “Permissionless” refer to?
Permisionless, also known as Public blockchains are decentralized (open ecosystems), that relies heavily on incentives and a certain consensus algorithm

3. What are 3 examples of permissionless blockchains?
Bitcoin (BTC)
Ethereum (ETH)
Cardano (ADA)

4. Who are allowed to join a permissioned blockchain network?
Anyone who is authorized or that takes part in decision making or governance

5. Why do you think permissioned blockchain networks are preferred by many companies?
Because there are certain company secrets/practices that should only be known to the people working for the company and not those outside. Some trade secrets are also known only to the executives in traditional businesses. Having some sort of Privacy will benefit the company, thus they prefer permissioned blockchains

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#639
  1. blockchain networks allow for increased trust between parties, and instant access to relevant, authentic information.
  2. The property of it being a public ledger.
  3. BTC/ETH/EOS
  4. Private blockchains are run by specific members of consortiums or companies, additionally only approved personal and/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. Because the can leverage the power of the network for their own, internal business operations. Also, company consortiums are also likely to employ private blockchains to securely record transactions, and exchange information between one another.
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#640

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

Trust

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

Everybody is free to use the network and can add data

• What are 3 examples of permissionless blockchains?

BTC ETH Doge

• Who are allowed to join a permissioned blockchain network?

The person that is invited to the owner of the permissioned blockchain

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

Becouse the love to control the customers behaviour

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