Permissioned vs Permissionless - Reading Assignment

Blockchain Business Course
#81

  1. Blockhain provides a network for increased trust, instant access and authenticated data between business to business collaborations

  2. A Permisionless blockchain is one in which any individual has access to the ledger, also a node for mining is permisionless.
    Characteristics are, Decentralization, Anonymity, Transparent, Digital Assets

  3. A Permisionless blockchain examples are crypto currencies Bitcoin, Digibyte and Litecoin

  4. A Permisioned blockchain are for those invited eg. Banks, Logistics, Finance, Health and Governace

  5. A Permisioned blockchain is about control, it requires permission to join, central and permissioned nodes with Governace

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#82
  1. What benefits do blockchain provide in business-to-business collaborations?
  • Trust without the need of third parties
  • immutability of transactions
  • transparency
  • access to historical data
  • verify ability of transactions and data
  1. What property of a blockchain does the name “Permissionless” refer to?
  • No access permission is required, in other words it is public and accessible by everyone
  1. What are 3 examples of permissionless blockchains?
  • Bitcoin
  • Ethereum
  • Dash
  1. Who are allowed to join a permissioned blockchain network?
  • Only participants which have been authorized by an managing authority (consortium, owner of the block chain or similar)
  1. Why do you think permissioned blockchain networks are preferred by many companies?
  • Control over the data
  • Secrecy, data are only visible for authorized participants
  • Governance
  • Better cost efficiency
  • Easier to scale and maintain
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#83

Permissioned vs Permissionless - Reading Assignment

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

  • increase trust between parties
  • break of information silos
  • reduce bureaucracy and costs

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

  • public blockchains without central authority

3. What are 3 examples of permissionless blockchains?

  • Bitcoin, Ethereum, Monero

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

  • from the central authority authorized users

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

  • simply because it morstly better fits to their business model
  • they still have some controle of blockchain database
  • it is often just not nessessary to use a public blockchain (it depends on the usecase)
  • private blockchains can be faster
  • private blockchains are more flexible
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#84

1. What benefits do blockchain provide in business-to-business collaborations?
Security, transparency, governance, no need for a middle man, speed, access to historical records.

2. What property of a blockchain does the name “Permissionless” refer to?
No need for KYC, it is open source, you can add tx`s to it, it is run on consensus, has anonymity.

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

4. Who are allowed to join a permissioned blockchain network?
Authorised personnel that have been granted access.

5. Why do you think permissioned blockchain networks are preferred by many companies?
So that they can maintain control.
No incentive program required to approve tx`s i.e. miners.
Exchange information b2b more quickly.
Cost saving

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#85

  1. In business-to-business scenarios, blockchain networks allow for increased trust between parties, and instant access to relevant, authentic information.

  2. Permissionless refers to decentralisation, transparency and anonymity.

  3. Blockchain, Etherum, Litecoin

  4. Centralized organization decides who is allowed to join the permissioned blockchain network they utlise.

5.Many companies prefer to use permissioned blockcain because they set consensus rules according to their needs so they can leverage the power of the network for their own, internal business operations.

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#86
  1. What benefits do blockchain provide in business-to-business collaborations?
    Provides a framework to perform and record transactions B2B
    Provides security/immutable database - easy to verify and authenticate previous transactions
    Transparent data to those who are allowed
    Removes need for 3rd party to facilitate transactions
  2. What property of a blockchain does the name “Permissionless” refer to?
    The blockchain is open for anyone to join and view outside of private keys
  3. What are 3 examples of permissionless blockchains?
    Bitcoin
    Ethereum
    EOS
  4. Who are allowed to join a permissioned blockchain network?
    Those that are allowed by a central body
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Companies still want some level of central control at the end of the day. They only want the parties that they approve to be part of the blockchain and want to secure the usecase.
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#87
  1. What benefits do blockchain provide in business-to-business collaborations?
    Provides Transparency
    Removes Third Parties
    Increase Trust
  2. What property of a blockchain does the name “Permissionless” refer to?
    Is decentralized and no one can shut it down.
  3. What are 3 examples of permissionless blockchains?
    BTC, ETH, EOS
  4. Who are allowed to join a permissioned blockchain network?
    Authorized users.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    To have control and more security
    To only allowed certain users to have access sensitive data
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#88

Provides trust in transcations and transparency, can be permissioned.
Prmissionless bc’s are run by consensus and are public.
bitcoin, eos, ethereum.
only those authorised.
Because access and use can be controlled.

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#89

Allows participants to trust each other without the need for a central authority, ensures security and tampering, easy to verify and audit, accessibility, and transparency.
2.
No central authority to govern which entity can interact with the blockchain, It is public and transparent. Incentivises participants to proper behavior.
3.
BTC, ETH and GRIN.
4.
The trusted entities, approved or invited to take part in the network, It is decided by the private company or by the consensus of a consortium of entities, that holds the protocol of the blockchain.
5.
It gives the company more governance over its participants and protocol, and at the same time can control access to sensitive information.

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#90

What benefits do blockchain provide in business-to-business collaborations?
Track supply chain activity, allow permissioned transparency, immutable record to prove business activity, programming automated contracts, eliminating need for third-parties.

What property of a blockchain does the name “Permissionless” refer to?
Decentralized, in that no central authority has control over who participates in a permissionless blockchain.

What are 3 examples of permissionless blockchains?
Bitcoin, Ethereum, Monero

Who are allowed to join a permissioned blockchain network?
Users to whom the controlling authority grants access.

Why do you think permissioned blockchain networks are preferred by many companies?
Because those companies can give specific functionality based on their control of the participants in the permissioned blockchain.

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#91
  1. Blockchains provide trust, transparency and security for all information relevant to business-to-business collaborations
  2. Permissionless blockchains are public and can be accessed by anyone
  3. Bitcoin, Ethereum, Litecoin
  4. Authorized users only
  5. Permissioned blockchains are preferred by companies because it gives them more control and governance power over the data contained in the blockchain
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#92
  1. What benefits does blockchain provide in business-to-business collaborations?

•lets you trust math instead of humans
• cant monkey with the data - its secure
•24/7 365 access

  1. What property of a blockchain does the name “Permissionless” refer to?
    Everyone can get access, append and audit without censorship

  2. What are 3 examples of permissionless blockchains?

• Bitcoin
• Etherium
• Digibyte

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

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

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#93

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

  3. Bitcoin
    Ethereum
    EOS

  4. Authorized users only.

  5. More control over the data.
    Limit data to authorized users only.
    They can leverage the network for their own internal business purposes

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#94

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

  • Increased trust between parties
  • instant access to relevant, authentic information
  • No need for middlemen or third parties

What property of a blockchain does the name “Permissionless” refer to?
It means that it is public, anyone can join and be part of the network. No central authority is controlling the blockchain and you are allowed freely to run a full node.

What are 3 examples of permissionless blockchains?

  • Bitcoin
  • Ethereum
  • Dogecoin

Who are allowed to join a permissioned blockchain network?
People who have been approved/invited to join by an authority running the blockchain

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

  • They can leverage the network for their own internal business purposes
  • Control over data; make business secrets private from the public
  • Governance
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#95

  • What benefits do blockchain provide in business-to-business collaborations?
    Blockchain offers businesses a way to do transactions directly, eliminating the need for a third party. Since BC transactions are public and immutable, in the case of public BC, a level of trust is achieved.

  • What property of a blockchain does the name “Permissionless” refer to?
    In a Permissionless BC there is no one entity who decides if you can do a transaction. as long as you are following the rules the transatcion will go through.

  • What are 3 examples of permissionless blockchains?
    Bitcoin, Etherium and Tezos

  • Who are allowed to join a permissioned blockchain network?
    In a private BC the creator/admin would invite whoever is needed and there access could be limited to their need to know.

  • Why do you think permissioned blockchain networks are preferred by many companies?
    As a company you’d want to have control of your blockchain. I believe there are cases where both could be used.

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#96
  1. More transparency and less maintenance
  2. Public ledger
  3. BTC, ETH, EOS
  4. Only authorized members
  5. Many companies want to keep the data only to the colleagues or clients while transparency exists in the database
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#97
  1. What benefits do blockchain provide in business-to-business collaborations?
  • Transparency
  • Security
  • Trust
  • Authenticity
  1. What property of a blockchain does the name “Permissionless” refer to?
  • Public Blockchain
  1. What are 3 examples of permissionless blockchains?
  • Bitcoin
  • Ethereum
  • Litecoin
  1. Who are allowed to join a permissioned blockchain network?
  • Only approved members (people or computers) have the permission to join the private blockchain network
  1. Why do you think permissioned blockchain networks are preferred by many companies?
  • Because as a company they have governance and control over their own network. They can use private blockchains to securely record transactions and exchange info between one another without it being public. Therefore, the company can use the power off the network for their own, internal business operations
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#98

IN my opinion Dash is the best cryptocurrency. They have innovative AND immutable.

#99
  1. trust, security, controlled access, immutability, transparency
  2. Access
  3. Bitcoin, Ether Coin, Bitcoin Cash
  4. Only those allowed by some authority
  5. Control
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#100
  1. What benefits do blockchain provide in business-to-business collaborations?
  • trustless, sensorship resistant, visible ledger
  1. What property of a blockchain does the name “Permissionless” refer to?
    The ability to join the network and participate without having to be granted permission by an authority
  2. What are 3 examples of permissionless blockchains?
    BTC, ETH, RVN
  3. Who are allowed to join a permissioned blockchain network?
    Operators approved by an authority/owner of the blockchain
  4. Why do you think permissioned blockchain networks are preferred by many companies?
    Requirement of permission, control of the network and data, customized more for the particular business.
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