Permissioned vs Permissionless - Reading Assignment

[dennisdoan]

1. Blockchain provides a trust layer, eliminate third parties, and quick access to authentic information in business-to-business collaborations.

2. “Permissionless” blockchain: there is no central authority and no limitation imposed by the developers. Users can run the software and interact with network without the requirement of authorization

3. Permissionless blockchains: BTC, ETH, DGB

4. Who are allowed to join a permissioned blockchain network? Only invited or authorized users

5. Why do you think permissioned blockchain networks are preferred by many companies?
   Access control, private information, cheaper to maintain.

[Magnos]

1. What benefits do blockchain provide in business-to-business collaborations?
It provides trust as key part of the technology so it eliminates the need to trust third party and transactions can be successfully performed. Once transaction is recorded on the system it is immutable.
2. What property of a blockchain does the name “Permissionless” refer to?
Public.
3. What are 3 examples of permissionless blockchains?
Bitcoin, Ethereum, EOS
4. Who are allowed to join a permissioned blockchain network?
Private entities allowed by permissioned blockchain network.
5. Why do you think permissioned blockchain networks are preferred by many companies?
Provide them more control, governance, consensus etc.

[levinardo]

1. What benefits do blockchain provide in business-to-business collaborations?
   Blockchain allows increased trust between different parties in accessing transparent and correct information.
2. What property of a blockchain does the name “Permissionless” refer to?
   Permissionless is a property where it allows access for people to use the blockchain network without needing to verify ID or request for access.
3. What are 3 examples of permissionless blockchains?
   Bitcoin, Ethereum and Dogecoin
4. Who are allowed to join a permissioned blockchain network?
   People who have received permission, verification, or access level to the blockchain network can join the permissioned blockchain
5. Why do you think permissioned blockchain networks are preferred by many companies?
   One thing that came up in mind would be proprietary data, and the governance where business decisions are only made by people who have been granted access to the permissionless blockchain.

[M_Alex]

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

Blockchain provides the following benefits to a B2B collaboration:

• Transparency
• Increased trust
• Instant access to on-chain data without the need of 3rd parties
• Secure transactions

2. What property of a blockchain does the name “Permissionless” refer to?
   The blockchain is public, meaning anyone can access it, without the need of a specific access granted by a central authority.

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

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

Only actors/entities allowed/trusted by a governing authority or the owner of the blockchain.

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

Because they can allow only trusted entities to access their data. It’s about control and privacy. Also, they can scale more efficiently.

[a.l.a.i.n]

1. Increased trust between parties and instand access to relevant, authentic information.
2. Decentralization
3. Bitcoin, Ethereum, Telos
4. In a fully permissioned blockchain the entity which controls the blockchain gives allowance to use the chain. In a business blockchain the allowed people can be for example partners or employes.
5. Because the can be fully controlled by the people in charge

[Maia]

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

Blockchain provides security and trust for all types of transactions, it allows the transfer of data/assets/value between two parties eliminating the middleman.

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

When it comes to transactions operated in the blockchain, the word “Permissionless” refer to no permission is required between the parts involved, incentives are important and the network trust no one. Also, this model refers to 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 approved people or organizations can run nodes on the network, validate transaction blocks, issue transactions, executing smart contracts, or read the transaction history.

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

Because information can be controlled according to their interest.

[rhysjharry]

1. Better security, so increased trust, access to authentic information for authorized users, privacy
   baked into the consensus algorythm for sensitive information for approved users only.

2. The blockchain is open and public, all transactions are verifiable to all, more transparency therefore
   integrity, open to all participants, nodes, miners and any party. Trustless as the network is
   controlled by the code (unless there’s a 51% consensus to change any format or function.

3. BTC, EOS, ETH

4. Authorised users as determined by some Admin or Superuser.

5. Privacy of sensitive information
   ability to have different security level for different users
   control of info, funds or products

[dbleal]

@filip

Leave your answers to the questions below in this thread. If you have any questions or you want to discuss something connected to the assignment feel free to do it in this thread as well, but please everything to the topic.

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?

• 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.
• Public blockchain
• Bitcoin, Ethereum and Radix (XRD)
• As a private blockchain only approved people can join the network
• To keep sensible information (data) inside the organization - to keep their business model safe, and so on… -

[Renji]

[quote=“filip, post:1, topic:6383”]

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

• Trustless, security, censorship resistant

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

• network consensus based, public, no permission required

• What are 3 examples of permissionless blockchains?

• bitcoin, ethereum and eos

• Who are allowed to join a permissioned blockchain network?
  -authorized participants
• Why do you think permissioned blockchain networks are preferred by many companies?

• private information, control maintenance, cost efficiency

[Leonard_Gohlke]

1. What benefits do blockchain provide in business-to-business collaborations?
   Transperancy of transactions
   No trust needed
   Cuts out the middlemen
2. What property of a blockchain does the name “Permissionless” refer to?
   A Public BC. Wherer every single user can creat its own address, start mining, programming smart contracts and make transactions
3. What are 3 examples of permissionless blockchains?
   Bitcoin
   ETH
   AVAX
4. Who are allowed to join a permissioned blockchain network?
   Only authorized participans
5. Why do you think permissioned blockchain networks are preferred by many companies?

Requires permission
Not transparent for the public
Better controll over its own data
less costs (e.g. gas)

[Abel]

• What benefits do blockchain provide in business-to-business collaborations?
  It increase the trust between parties and access to relevant and authentic information

• What property of a blockchain does the name “Permissionless” refer to?
  To a Public blockchain, anyone can participate in the blockchain, as miner, verificator or/and running a node on the blockchain.

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

• Who are allowed to join a permissioned blockchain network?
  Only those approved by the administrators.

• Why do you think permissioned blockchain networks are preferred by many companies?
  Because it allows a central authority and control on the data and what different users, with different responsibilities can do.

[Rickspider]

1. Ease of information-sharing, is transparent, can be decentralized if needs be, is safe and has historical records of everything ever done to it.

2. Not needing permission to do transactions, adding tokens to the blockchain (for example) or doing smart contracts. Requires consensus between parties.

3. Ethereum, Bitcoin, Fantom.

4. Whoever the owner allows through.

5. Because it gives them the advantages that Blockchain possess without sacrificing control over their databases.

[SDMRDEL7890]

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

   • Provides trust
   • Provides security/resistant to tampering
   • Instant access to relevant and authentic information
   • Access to historical data of all transactions
   • Cost effective

2. What property of a blockchain does the name “Permissionless” refer to? :
   Transparency ; Any one can access the blockchain ; No central authority ; governed and supported by its users.

3. What are 3 examples of permissionless blockchains? :

   BTC ; ETH ; EOS

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

   Those users authorized to join Blockchain.

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

   • More centralized sense of control / governance
   • Lack of Transparency

[TheOldOne]

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?
   anyone can use the network
3. What are 3 examples of permissionless blockchains?
   BTC, ETH and EOS
4. Who are allowed to join a permissioned blockchain network?
   only members who are authorized to do so
5. Why do you think permissioned blockchain networks are preferred by many companies?
   securer and with that control over data, what can and cannot be seen by whom.

[ShreyPanda]

1. What benefits do blockchain provide in business-to-business collaborations?
   Establishes trust : Provides access to honest information as everything is recorded and cannot be tampered with due to its consensus-based foundation

2. What property of a blockchain does the name “Permissionless” refer to?
   Refers to a Public BC that allows for every user to partake and join the network by creating a personal address, creating transactions and thus contributing to the ledger. Users may choose to be nodes and contribute to the network by verifying transactions and receiving incentives for being honest.

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

4. Who are allowed to join a permissioned blockchain network?
   They refer to private/ closed ecosystems where an unauthorised user will not have access to/ become a user/ append or view the ledger.

5. Why do you think permissioned blockchain networks are preferred by many companies?
   Requires permission- they can control who has access to sensitive info/ data; companies want privacy and governance. It is also cost effective.

[Gry]

1. What benefits do blockchain provide in business-to-business collaborations?
   Transparency, tamper-free records

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

The blockchain is decentralized and does not require permission from anyone to execute smart contracts or transactions on it

3. What are 3 examples of permissionless blockchains?

Ethereum, Bitcoin and EOS

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

Permitted parties that are trusted by the governing entity

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

They are able to control the data, by being able to delete and change entries in the blockchain.

[AdamP]

What benefits do blockchain provide in business-to-business collaborations?
-It allows for increased trust between parties, and instant access to relevant, authentic information
What property of a blockchain does the name “Permissionless” refer to?
-They allow every user to create a personal address and begin interacting with the network
What are 3 examples of permissionless blockchains?
-Bitcoin, Ethereum, EOS
Who are allowed to join a permissioned blockchain network?
-Whoever has been authorised by the network owner.
Why do you think permissioned blockchain networks are preferred by many companies?
-Security, sensitive company information, they control it.

[magicrypto]

1.what benefits do blockchain provide in business- to business collaborations?
increase trust between the different parties
2.what property of a blockchain does the name permission less refer to?
decentralization, there is no need for permission to create a adress or to make a transaction
3.what are 3 examples of permission less blockchains?
btc/eth/litecoin
4.who are allowed to join a permission blockchain network?
anyone who got permission
5.why do you think permission blockchain networks are preferred by many companies?
because they have a better control who is doing what.

[flrnblock]

1 - It increases trust between parties, and instant access to relevant, authentic information.

2 - Anyone can access the data and interact with the blockchain

3 - BTC / ETH / DogeCoin

4 - People granted by the member of the business network

5 - It keeps some sensitive data private and the governance keeps general control

[Selim]

Hi everyone,

1. No need of third party, secure, easy for participants to verify and authenticate past transactions.
2. Anyone can access and contribute to the network
3. BTC, ETH, EOS
4. Only approved people or computer entities
5. Easier to manage, better scalability, less expensive