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What is Permissionless

Blockchain and AI Technology in the Industrial Internet of Things
A blockchain is permissionless when anyone is free to submit messages for processing and/or be involved in the process of reaching consensus. While a permissionless blockchain will typically use a consensus protocol to determine the blockchain's current state, it could equally use some other process (such as using an administrator or sub-group of participants) to do so.
Published in Chapter:
Applications of Secured Blockchain Technology in the Manufacturing Industry
Kamalendu Pal (City, University of London, UK)
Copyright: © 2021 |Pages: 19
DOI: 10.4018/978-1-7998-6694-7.ch010
Abstract
The manufacturing industry inclines to worldwide business operations due to the economic advantage of product design and development. In this way, globalized manufacturing supply chains make their management and control more difficult. As a distributed ledger technology that ensures transparency, trust, traceability, and cybersecurity, blockchain technology promises to ease some global manufacturing operation problems. This chapter presents blockchain technology basics and analyses the issues (e.g., traceability, cybersecurity, flexibility, and smart contracts) related to the blockchain-based manufacturing information system. Next, the chapter presents related research work in the manufacturing industry in recent years. It also includes a classification mechanism for manufacturing information systems based on specific properties. It is followed by discussing the critical issues that need to consider in designing industry-specific reference information system architecture. Finally, the chapter discusses the scope of future research.
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Introduction: How Frontier Technologies Are Changing Our World
A public, decentralised Blockchain where all participants can read, write, and participate in the Blockchain. Examples include Ethereum and Bitcoin.
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