Permissioned vs Permissionless - Reading Assignment

  1. It reduces all middle man in the transaction, it builds a lot of trust because of its transparency.
  2. refers to public, meaning the network is accessible for everyone and not closed.
  3. Monero, Zcash, Bitcoin, Ethereum, Litecoin…
  4. Depends on the network usually. You need to get the permission of the individuals to enter such networks.
  5. It is a huge opportunity if you work with other parties because of the transparency and the trust which becomes build. At the same time, they have more control about entries.
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  1. provides exchange of relevant information B2B and can be trusted.
  2. Every user is allowed to connect to, become node & transact. No censorship
  3. Bitcoin, Ethereum, EOS
  4. Only specific members can approve others to be part of network as nodes
  5. Because companies want things under control & private.
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  1. What benefits do blockchain provide in business-to-business collaborations?
    eliminate third parties and you do not need trust other parties, you only need to trust the code
  2. What property of a blockchain does the name “Permissionless” refer to?
    You do not need to trust any business, because the blockchain is public
  3. What are 3 examples of permissionless blockchains?
    BTC, ETH, LINK
  4. Who are allowed to join a permissioned blockchain network?
    Authorized Users which are allowed to join the network
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    because they have the governance and are able to control the data and participants
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  1. Increased trust between parties, and instant access to relevant, authentic information.
  2. Access.
  3. Bitcoin, Ethereum, and EOS.
  4. Only invited and trusted people/nodes are allowed in a permissioned network.
  5. Companies and want to stay in control of their information while still wanting to enjoy increased transparency and validity of their data.
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A: Allows for increased trust between parties, and instant access to relevant, authentic information it keeps a historical record of all transactions, alongside the means to record these entries

A: The public

A: Decentralization digital assets and anonymity(btc/eth/xmr

A: The companies have a say on who can join with very different dynamics, thus allowing 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

A: The companies still have a central power to help keep the customer’s information more private and have more of a say on how they want their company to be managed

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  1. Block-chain provide the benefit of trust and transparency between businesses and as it cannot be tampered with, it also provides security of information between said businesses.
  2. There is no central governance and anyone can use it without requiring consent.
  3. Three examples of permissionless block-chains are: Bitcoin, Ethereum and EOS.
  4. Parties that are permitted by a central authority.
  5. Permissioned block-chains are preferred by companies as they are able to benefit from the easy access to information whilst benefiting from the security and control they provide.
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  1. information on the ledge can be trusted and cannot be altered; only permissioned users/parties have access to the system.
    2)no permission to access/use/take part is required = all can do it
    everybody can help to secure the network (by mining, staking) and may get incentiviced
    no one has to be trusted; the protocol defines, what is right,wrong, allowed
    3)Bitcoin, Ethereum, Monero
    4)the owner/superuser of the network decides who may join
    5)they can hide business-secrets and define their own rules and participiants
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  1. In business-to-business scenarios, blockchain networks allow for increased trust between parties and instant access to relevant, authentic information.
  2. The permissionless property of a blockchain allows every user to create a personal address and begin interacting with the network by submitting transactions and 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. Bitcoin, Ethereum, EOS.
  4. Permissioned blockchains are preferred by centralized organizations, which leverage the network’s power for their internal business operations. 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. Companies prefer Permissioned blockchains because of Varying decentralization, Transparency & Anonymity, Governance.
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  1. In B2B scenarios blockchain allows for “increased trust between parties, and instant access to relevant authentic information.”

  2. In blockchain the term “permissionless” refers to the fact that a blockchain is public. A public blockchain does not restrict access to information embedded on it, nor does it restrict access to interacting with and participating in that blockchain.

  3. Three examples of permissionless blockchains are Bitcoin, Ethereum, and Monero

  4. Only those who have been authorized by the governing entity will be allowed to join the permissioned blockchain.

  5. Permissioned blockchain networks are preferred by many private companies because at the end of the day they retain control of the network (and thus all of the data stored on it), since they have been able to select their trusted nodes in which the network runs on. This means that they con control who has access to what data. Many private companies have company secrets that only certain people in the company are permitted to access, and a permissioned blockchain would allow private companies to retain that secrecy while also allowing for enhanced security among other features.

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What benefits do blockchain provide in business-to-business collaborations?
They remove the need for third parties when transacting. The trustless nature of the blockchain removes trust issues. Tamper proof, with full history available.

What property of a blockchain does the name “Permissionless” refer to?
A public and decentralised network. Anyone can join (without permission required), to create, or view any/all transactions

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

Who are allowed to join a permissioned blockchain network?
Anyone who the central/governed body of the permissioned network allow.

Why do you think permissioned blockchain networks are preferred by many companies?
Companies will prefer permissioned blockchains since they can choose who can use their network. They can choose what information is published publicly. They can control who views or creates data.

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  1. Blockchain network increased trust between parties, and instant access to relevant, authentic information
  2. allowing every user to create a personal address and begin interacting with the network
  3. Bitcoin, Ethereum, Eos
  4. only approved entities selected by the specific members of consortium or companies
  5. because they can have more control of the data to be verified by a certain legitimate nodes
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  1. What benefits do blockchain provide in business-to-business collaborations?
    Increased trust, instant access to relevant, authentic information
  2. What property of a blockchain does the name “Permissions” refer to?
    Their ecosystem, whether users are able to join the network, see recorded history, or issue transactions
  3. What are 3 examples of permissionless blockchains?
    Bitcoin, Ethereum, EOS
  4. Who are allowed to join a permissioned blockchain network?
    Only approved people/computer entities
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    Governance, varying level of transparency and anonymity
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4. Who are allowed to join a permissioned blockchain network?

Hello sir, yes that is true, but it’s not the correct answer to the related question, could you please redesign it?

If you have any doubt, please let us know so we can help you! :slight_smile:

Carlos Z.

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Oops, my bad. I must have read the question incorrectly. I’ll go back and fix it, thanks! :+1:

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  1. Blockchain networks allow for increases trust between parties, and instant access to data that is fully authentic.

  2. No central authority is in control of the network. Because of its decentralization it is transparent.

  3. Some examples are Ethereum, EOS, and Cardano.

  4. Permissioned blockchain networks only allow companies and members that they know join the network.

  5. They are preferred because companies often have vital information that they need to hold securely and safely. Therefore they cannot have anyone on their network.

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  1. Increased trust between parties and transparency.

  2. The fact that it is publicly accessible and anyone can participate

  3. Bitcoin, Ethereum, Litecoin

  4. Specific members of consortiums or companies

  5. Control

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  1. B2B benefit from Blockchain with increased trust and instant access to authentic information
  2. Permission-less refers to the property of control. No person or entity has control of the public blockchain so anyone is free to join without prejudice
  3. Bitcoin, Ethereum, Eos
  4. Only those given access by the private owner of the blockchain and there can also be different levels of access.
  5. Permissioned blockchains are preferred by many companies as they do not have the need for the monetary (currency) aspect of a blockchain but mainly because of control and privacy of certain information.
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  • What benefits do blockchain provide in business-to-business collaborations?
    In business to business scenario’s the blockchain creates increased trust between parties, and it allows parties to have easy acces to authentic information.
  • What property of a blockchain does the name “Permissionless” refer to?
    It reveres to a public blockchain accessible to anyone.
  • What are 3 examples of permissionless blockchains?
    Bitcoin
    Ethereum
    Dogecoin
  • Who are allowed to join a permissioned blockchain network?
    Select members appointed by the companies.
  • Why do you think permissioned blockchain networks are preferred by many companies?
    So they can keep the control over the ledger.
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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.
2. There is no permission of a centra authority needed.
3. Bitcoin, Etherium, EOS
4. Only approved people or computer entities.
5. You can control who has access and who doesn’t. It’s probably easier to set up.

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  1. Some of the benefits blockchain provide to b2b collaborations are: increased trust between parties, and instant access to relevant and authentic information.

  2. Permissionless refers to how anyone can use the blockchain without any authorization from anyone.

  3. Three examples of permisionless blockachain are: Bitcoin, Ethereum, EOS.

  4. Only the users authorized by the company employing the blockchain are allowed to join a permissioned blockchain network.

  5. I think permissioned blockchain networks are preferred by many companies because are better for internal business operations, and allow the central governing entity to decide on all problems pertaining to how the network is created and who has access to it. This way having more flexibility in what is public and what is private.

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