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Decentralization
Decentralization is not a new concept. It has been used in strategy, management, and the government sector for a long time. The basic idea of decentralization is to distribute control and authority to the peripheries of an organization instead of it being concentrated in one central body. This structure produces several benefits for organizations, such as increased efficiency, expedited decision making, better motivation, and a reduced burden on upper management.
In this chapter, we will discuss the concept of decentralization in the context of blockchain, the fundamental basis of which is that no single central authority controls the network. This chapter will present examples of various methods of decentralization and ways ...
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