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decentralization

[dee-sen-truh-luh-zey-shuhn]

decentralization Definition

  • 1the process of transferring power from a central authority to local or regional authorities
  • 2the dispersal of power away from a central location or authority

Using decentralization: Examples

Take a moment to familiarize yourself with how "decentralization" can be used in various situations through the following examples!

  • Example

    The company's decentralization strategy allowed for more efficient decision-making at the local level.

  • Example

    The government's decentralization policy aimed to give more autonomy to local communities.

  • Example

    Decentralization of power can lead to greater accountability and responsiveness to local needs.

decentralization Synonyms and Antonyms

Antonyms for decentralization

Phrases with decentralization

  • a system in which power and decision-making are distributed among multiple local or regional authorities

    Example

    The healthcare system in this country is highly decentralized, with each region responsible for managing its own facilities.

  • a financial system that operates on a decentralized, blockchain-based platform, allowing for peer-to-peer transactions without intermediaries

    Example

    DeFi has gained popularity as an alternative to traditional banking systems, offering greater transparency and accessibility.

  • an organization in which decision-making is distributed among multiple individuals or teams, rather than being centralized in a single leader or group

    Example

    The company's decentralized structure allows for greater flexibility and innovation, with each team empowered to make decisions based on their expertise.

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Summary: decentralization in Brief

Decentralization [dee-sen-truh-luh-zey-shuhn] refers to the transfer of power from a central authority to local or regional authorities. It can lead to more efficient decision-making, greater accountability, and responsiveness to local needs. Examples include a decentralized system, decentralized finance (DeFi), and decentralized organization.