What is Permissionless Innovation?

Permissionless innovation is a classification that references the decentralized nature of blockchain-based network protocols and blockchain technology. Permissionless, as the name suggests, means that the users and developers of the network do not need permission from anyone to transact and use network services. Theoretically, anyone can use a permissionless network without access being granted by a centralized authority. Open public blockchains are generally permissionless in nature, while closed private blockchain systems are permissioned.