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What is Permissionless/Unpermissioned Blockchain

Blockchain Technology Applications in Education
A digitally distributed ledger with no single owner. Its purpose is to permit any participant to contribute data for all other participants in the chain having possession of the ledger and identical copies. No participant can restrict any transaction from being added but the ledger’s integrity is maintained by a consensus mechanism.
Published in Chapter:
Blockchain: A Resource of Competitive Advantage in Open and Distance Learning System
Nikhil Kant (Indira Gandhi National Open University, India)
Copyright: © 2020 |Pages: 26
DOI: 10.4018/978-1-5225-9478-9.ch007
Blockchain, having proved its commercial applications, is receiving increasing interest in the context of ODL system, which has flourished with the support of ICTs. ODL system cannot remain insulated from the associated potential risks of ignoring it and opportunities of embracing it. ODL institutions tend to gain competitive advantage by enhancing capabilities of combining resources. Intangible resources such as technological innovations are more strategically significant than tangible resources. ODL system is yet to taste the benefits of using blockchain. ODL institutions might use it as a resource to fill the gaps between needs, priorities, models, and practices for effective decision making anticipating future trends. The issue of considering it as a resource of competitive advantage for ODL system faces inadequacy of relevant literature. This chapter is an exploratory study considering blockchain as a resource of competitive advantage for ODL system. The significance of the chapter will be for the professionals, policymakers, researchers, governments, and regulators.
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