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Permissioned vs permissionless blockchain debate | Robert Kaluza, Tony Mugavero | #LDNBlockchain23
Explore the debate between permissioned and permissionless blockchain, understanding the advantages and disadvantages of each, and learn how to choose the right approach for your industry.
- Permissioned blockchain is suitable for industries that require confidentiality, security, and compliance, such as insurance and utilities.
- Permissionless blockchain is more suitable for industries that require transparency, decentralization, and censorship resistance, such as media and entertainment.
- Permissioned blockchain can be more efficient and scalable than permissionless blockchain, but it may also be more vulnerable to centralization and control.
- The choice between permissioned and permissionless blockchain depends on the specific use case and industry requirements.
- Energy efficiency is an important consideration, with permissionless blockchain often being more energy-intensive than permissioned blockchain.
- The EU Commission is promoting the use of blockchain technology, particularly in the context of the EBSI project.
- Data availability and security are critical considerations, with permissioned blockchain often being more secure and private than permissionless blockchain.
- The use of blockchain technology can improve transparency, accountability, and efficiency in various industries, including media and entertainment.
- The choice between permissioned and permissionless blockchain is not a binary decision, and a hybrid approach may be suitable for some use cases.
- The development of blockchain technology is ongoing, with new solutions and innovations emerging regularly.
- The scalability and efficiency of blockchain technology are critical considerations, with permissioned blockchain often being more scalable and efficient than permissionless blockchain.
- The use of blockchain technology can improve the security and integrity of data, particularly in industries that require high levels of security and compliance.
- The choice between permissioned and permissionless blockchain depends on the specific requirements of the use case, including the need for confidentiality, security, and compliance.
- The development of blockchain technology is a rapidly evolving field, with new innovations and solutions emerging regularly.