Advantages of Permissioned Blockchain

There are obvious advantages of permissioned blockchain. Let’s list a few of them below.

· Permissioned blockchain tends to be fast as they can choose their own consensus method and do not need every node for validation purposes.

· These are far more scalable.

· For organizations, permissioned blockchain (consortium) can offer more customizability.

· Permissioned blockchains can also follow governance structure.

Disadvantages of Permissioned Blockchain

Permissioned blockchain does have some disadvantage including the following:

· A permissioned blockchain is not truly decentralized.

· They are less transparent.

· Member’s KYC is required to join the network with the admin’s approval.

· Less anonymous.

Use-cases of Permissioned Blockchain

There are multiple use-cases of permissioned blockchain including:

· Research

· Food tracking

· Banking and payments

· Asset ownership

· Internal voting

· Supply chain management