Permissioned vs Permissionless - Reading Assignment

[Mroman]

1. It allows the transfer of data, assets/value, without the need of a third party intermediary to verify in a secure way.
2. It refers to the decentralized blockchain, meaning there is not central entity that has control over the blockchain.
3. Bitcoin, Ethereum, Avalanche
4. Those that are approved by the central entity that rules the blockchain.
5. Companies need to keep many data confidential, therefore like the control of a permissioned blockchain to who gives access.

[gunnarseay]

1.) The benefits provided from blockchain in business-to-business collaborations include increased trust between parties (their reliance is in the blockchain network to give transparency between them) and instant access to relevant, authentic information.
2.) The property of a blockchain that the name “permissionless” refers to is publicity. Anyone can use the blockchain and gain access to its inner-workings, and the consensus mechanism provides a way for people to have verification in their interactions with the network rather than putting trust in a single person.
3.) Three examples of permissionless blockchains are Bitcoin, Ethereum, and EOS.
4.) A group of centralized organizations who leverage the power of said permissioned blockchain network are the ones who are allowed to join. Normally these organizations have their own internal business operations that are catered to by the established permissioned network.
5.) I think permissioned blockchain networks are preferred by many companies because they can find similar business operations they both need, and work together to create a system that can cater to those needs for further advantages. Furthermore, these companies can have total control over a permissioned network for any future endeavours.

[cotts31]

• 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.

• What property of a blockchain does the name “Permissionless” refer to?
  Permissionless blockchains are public and decentralized. Anyone is free to join, run a node and receive incentives. Everything is transparent and open source. There is visibility to all past transactions

• What are 3 examples of permissionless blockchains?
  BTC, DGB and LTC

• 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.

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

It gives them more control and allows them to keep certain information private and only visible to those approved to see it

[HolistikBit]

1. What benefits do blockchain provide in business-to-business collaborations?
   Assuming we are speaking of permissioned blockchain collaboration:

• Allows for transfer of value or digital assets between 2 parties.
• Transparency.
• Secure transactions.
• 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?

• It refers to the fact that a particular blockchain is public rather than private.

3. What are 3 examples of permissionless blockchains?
   BTC, Eth, ADA

4. Who are allowed to join a permissioned blockchain network?
   Its a closed ecosystem so only those that are assigned or invited to.

5. Why do you think permissioned blockchain networks are preferred by many companies?
   Because it leaves the financial situation of the company shielded . More security available to them since they can create their rules, lower txs costs. More control.

[Capig]

1. What benefits do blockchain provide in business-to-business collaborations?
   A. 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?
   A.Public
3. What are 3 examples of permissionless blockchains?
   A. Bitcoin, Etherium, Doge
4. Who are allowed to join a permissioned blockchain network?
   A. Only approved people or computer entities.
5. Why do you think permissioned blockchain networks are preferred by many companies?
   A. They prefer the power of the network for their own, internal business operations.

[Mohammed_Al_Arab]

1. • Allow for increased trust between parties.
   • Instant access to relevant and authentic information.
   • Provide historical record of all transactions.
2. “Permissionless” refers to public and decentralized. No need for permission.
3. Bitcoin, Ethereum, EOS
4. Only authorized participants
5. • More control
   • Limit access to data
   • Harvest potential for business purposes and business interest

[azeque]

• What benefits do blockchain provide in business-to-business collaborations?
  Increased trust between parties, provides P2P and secure Txs.

• What property of a blockchain does the name “Permissionless” refer to?
  You don’t need anyones permission to create, verify a Tx or see past Txs, it is a public blockchain.

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

• Who are allowed to join a permissioned blockchain network?
  Only authorised users.

• Why do you think permissioned blockchain networks are preferred by many companies?
  Because they solve current business needs and are a way more cost-effective, flexible rather than public blockchains.

[zlr1984]

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

Blockchain technology allows the transfer of data/assets/value between two parties in business, with great security and removes the need to rely on a 3rd party like bank to facilitate the transfer. Participants can also verify and authenticate past transactions easily.

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

Permissionless refers to public blockchains whereby anybody can have access to the records of transaction data on the blockchain.

3. What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum, Litecoin

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

The people who are granted a permission to access the permissioned block chain network is allowed to join

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

The companies, or consortiums can leverage the power of the network for their own, internal business operations thru permissioned blockchain networks

[PaulS96]

1. What benefits do blockchain provide in business-to-business collaborations?
   Transfer of data between parties without the need of a middle man.
2. What property of a blockchain does the name “Permissionless” refer to?
   It refers to public blockchains where anyone can see the information stored and can also add new transactions.
3. What are 3 examples of permissionless blockchains?
   Bitcoin, ETH, EOS
4. Who are allowed to join a permissioned blockchain network?
   People who are granted access by whoever controls the blockchain.
5. Why do you think permissioned blockchain networks are preferred by many companies?
   Data isn´t publicly available for anyone to see.

[alhabi]

1.) Increased trust between parties and instant access to relevant, authentic information. With public blockchains, there could be almost maximum trust in the system, without having to have trust between parties.
2.) Everybody can create a wallet/address on a public blockchain and start sending transactions. There is no onboarding process, managed by a controlling entity. The same is true, if somebody wants to involve himself more in the system by running a node or starting to mine for blocks.
3.) BTC, ETH, EOS
4.) Everyone that is allowed by the centralized admin.
5.) Because they want to keep full control of the network, which can make a lot of sense for a company, for efficiency reasons. Also, maybe more importantly, a private blockchain can be used to store sensitive information of the company, not intended for publication.

[MrGanD]

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

In business-to-business collaborations, blockchain networks provide increased trust between parties, and instant access to relevant, authentic information thanks to the fact that blockchains provide a historical record of all transactions, alongside the means to record these entries.

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

Every user is allowed to create a personal address and begin interacting with the network, by submitting transactions, and hence adding entries to the ledger. Additionally, all users have the choice of running a node on the system or employing the mining protocols to help verify transactions.

3. What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum and Polkadot

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?

Many companies prefer private blockchains because of their very different dynamics which are better for internal business operations since it 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.

[CipherGrind]

What benefits do blockchain provide in business-to-business collaborations?
– Allows the ability to transfer data, assets, or value between businesses without relying on a 3rd party.
– All members of the network have access to the same info via ledger, making it easy to verify and authenticate past transactions.
– Allows for increased trust between parties with instant access to relevant authentic info.
– Transparency.

What property of a blockchain does the name “Permissionless” refer to?
– Public.
– Anyone can create a personal address and start interacting on the network.
– Anyone can participate in the network by setting up a node, validator, or miner.
– Anyone can develop and add smart contracts on the network.
– Decentralized.
– Has a digital asset such as a coin or token.
– Some aspects of anonymity.
– Aspects of Transparency such as the ability to see all transactions processed.

What are 3 examples of permissionless blockchains?
Ethereum, Avalanche, Algorand

Who are allowed to join a permissioned blockchain network?
– Permissioned blockchains are closed ecosystems. You have to be invited or belong to an organization or business who implemented their own private blockchain.
– It’s possible in the future, countries, states, or cities could use permissioned blockchains which are private to their region.
– Only approved people or computer entities would have access.

Why do you think permissioned blockchain networks are preferred by many companies?
– It gives companies similar control to current network infrastructure.
– Companies have more control for user access, device access, functionality, validating, transactions, executions, or reading of data.
– Allows companies to create level tiers.
– Greater control if they want transparency or anonymity as these aren’t necessarily required.
– Governance is decided by members of the company and isn’t necessary. The company can make decisions when they want.
– Private blockchains are usually more centralized.

[arminoovic]

1. Blockchain is one type of ‘Distributed Ledger Technology’ which allows for business collaborations/exchange of value to be conducted without centralized intermediaries - ‘Blockchain Technology’ replaces intermediaries as ‘trust’-layer and can therefore establish more operational efficiency. Additionally, Blockchain Technology might prevent the centralization of power over user-generated data due to it’s decentralized nature and provides more transparency within business operations. Moreover, censorship-resistance is a crucial property of blockchain technology - data, which is stored transparently can not be changed without consensus.

2. Permissionless Blockchains are open and public networks without centralized authorities. Everybody can enter and exit the network at any time. Permissionless Blockchains promote equality, which means that every network node can independently decide on it’s role within the network - a light node can become a full node and can take part in the verification process of transactions. Every node has the right, to verify and validate transactions. There is full transparency, as every single transaction can be viewed on the ledger.

3. Ethereum, Fantom & Algorand.

4. This is defined by the system administrator of the permissioned blockchain network.

5. Permissioned Blockchain Systems allow companies to make use of the core-benefits of blockchain solutions for their specific business purposes without loosing control over the network. Business might be interested in disintermediating business operations, strengthening immutability, establishing more transparency through blockchain technology, while controlling who is allowed to join the blockchain network & create new blocks. More permissioned systems might be more appealing as they provide more privacy related to business secrets. Permissioned Blockchains are not based on probabilistic consensus algorithms, but deploy consensus mechanisms which are focused on instant finality, which improves the scalability of these systems.

[Vendi]

@filip

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

• Transparency
• Secure transactions
• Removing the need of third parties

2. Meaning that it is fully decentralized (public instead of private which a permissioned Blockchain would be)

• Bitcoin
• Ethereum
• Avalance

4. It’s normally used by organizations so only people within them are allowed to use permissioned Blockchains.

5. Because they don’t have to keep everything open and visible to all, as a company you still have competition that you don’t want to know how your business is holding up.

[aldrin]

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

increase trust between parties
provides transparency and access to reliable information recorded in a blockchain

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

that is public blockchain, anyone can participate to mine, to stake, is a trust-less, with immutable data, transparent records on a decentralized ledger with no central authority.

3. What are 3 examples of permissionless blockchains?

Bitcoin, Ethereum, Cardano, what is EOS?

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

authorized partners of the private blockchain

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

only members or parties that have an agreement to participate in that private business that agreed on their own governance and want to keep the information private.

[versus]

1. blockchain technology 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. It allow for increased trust between parties, and instant access to relevant, authentic information

2. In a public blockchain, anyone is free to join and participate in the core activities of the blockchain network

3. Qorum, Corda, Ethereum

4. Participants can join a private blockchain network only through an invitation where their identity or other required information is authentic and verified. The validation is done by the network operator(s) or by a clearly defined set protocol implemented by the network through smart contracts or other automated approval methods.

5. Only those with permission can run a full node, make transactions, or validate/authenticate the blockchain changes. By reducing the focus on protecting user identities and promoting transparency, private blockchains prioritize efficiency and immutability—the state of not being able to be changed. These are important features in supply, logistics, finances, accounting…

[gmfaraaz]

A1. Trust, Access and transparency.
A2. Permission is not needed to access and use the blockchain
A3. Bitcoin, Ethereum and EOS
A4. Only trusted and eligible parties
A5. Control and Governance.

[ChadSmith]

1. What benefits do blockchain provide in business-to-business collaborations?
A: A trust-less interaction between the two business parties whilst ensuring that all data is completely authentic and manipulation resistant.
2. What property of a blockchain does the name “Permissionless” refer to?
A: Public and free for all to use and thus creating the network consensus.
3. What are 3 examples of permissionless blockchains?
A: EOS, Ethereum & Bitcoin
4. Who are allowed to join a permissioned blockchain network?
A: Those that the chosen or allocated rights to join the permissioned network.
5. Why do you think permissioned blockchain networks are preferred by many companies?
A: It allows the entity to have some centralization control of the private elements they don’t want the public network to see.

[ARK]

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?
   Such blockchains do these things without requiring permission from a central authority-. “They allow every user to create a personal address and begin interacting with the network, by submitting transactions, and hence adding entries to the ledger. Additionally, all parties have the choice of running a node on the system, or employing the mining protocols to help verify transactions.”

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

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?
   Because they are private organizations, not public. They privately own and control their organizations, and they want to extend such private ownership and control to their databases, including blockchain databases. Also they may want more secrecy and privacy, which a closed, permission-based blockchain can provide.

[vihvity]

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

• Transparent of the information
• Trust between business partners
• Excludes the need for third parties
• Secure access to data

2. What property of a blockchain does the name “Permissionless” refer to?
   Refers to how anybody can read a data inside the blockchain to valdate or varify the content.

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

4. Who are allowed to join a permissioned blockchain network?
   Only approved and trusted users authorized to join

5. Why do you think permissioned blockchain networks are preferred by many companies?
   Because its provides privacy, is more faster and efficient, less uncertainty regarding laws and regulations