PERMISSIONED LEDGER

A permissioned ledger is a ledger where actors must have permission to access the ledger. When a new record is added, the ledger’s integrity is checked by a limited consensus process. This is carried out by trusted actors — government departments or banks, for example — which makes maintaining a shared record much simpler that the consensus process used by unlicensed ledgers. Permissioned blockchains provide highly-verifiable data sets because the consensus process creates a digital signature, which can be seen by all parties. A permissioned ledger is usually faster than an uncommissioned ledger.

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PERMISSIONED LEDGER

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