The term decentralisation is particularly important in the areas of blockchain, digital transformation and digital society. It describes a system in which responsibility, control or data are no longer managed by a centralised body, but are distributed among many participants. In contrast to centralised systems in which a single organisation or authority controls everything, decentralisation focuses on distributing power and tasks.
Blockchain technology is a clear example of this: instead of a central bank managing all financial transactions, many independent computers around the world jointly document every transaction. This creates a fair, secure and more transparent system that is difficult to manipulate.
Decentralisation is also becoming increasingly important in companies in order to be able to react more flexibly and quickly to changes. Teams are given more responsibility and can make decisions independently. This promotes innovation and speed.
For decision-makers, the trend towards decentralisation means relinquishing control and trusting that many players in the system will work together. This creates new opportunities to be more efficient, more transparent and more responsive to the needs of customers or users.
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