Permissioned vs Permissionless - Reading Assignment


#41
  1. What benefits do blockchain provide in business-to-business collaborations?
    With blockchain it would be a secure and transparent way to share information across and not to worry about the data being mutated in the process. With this business-to-business collaboration can be more trusted as there is no central authority.
  2. What property of a blockchain does the name “Permissionless” refer to?
    Everyone can access, no need permission to access. Is also commonly known as public blockchain.
  3. What are 3 examples of permissionless blockchains?
    ETH,BITCOIN,EOS
  4. Who are allowed to join a permissioned blockchain network?
    An trusted entity or a trusted individual to run the nodes on the network.
  5. Why do you think permissioned blockchain networks are preferred by many companies?
    As permissioned blockchain requires access to access the information inside the network, this would helps the company to control who have access to the information.

#42
  • What benefits do blockchain provide in business-to-business collaborations?
    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?
    Anyone can get involved on the network, 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 authorized participants.

  • Why do you think permissioned blockchain networks are preferred by many companies?
    Many companies seek to keep control over the flow of data. The companies needs are internal and seek to delegate approved entities to compartmentalize data specific to the needs of the approved people/entities’ work. These companies also need the governance and privacy that permissioned blockchains offer.