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
Synonyms for decentralization
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.
decentralized finance (DeFi)
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.
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.
