@globalvillage
9 months ago

What is decentralization?

What are the first points which come to your mind when you think about 'decentralization'? Not a single party in control of the network? No one even having partial control of the network at all times?.....
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Decentralization in government or social setup means
Trivia: Gandhi ji was a firm believer in decentralization.
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Decentralization in Crypto World

1.Companies no more ask for Personal details of Users.
2. No more use of Centralized Database to store Information.
3. Transaction and Communication is Peer to Peer and complete Transparency in Transactions.
3.No more Tracking of Users.
4. Complete Privacy of User.
5. User is Responsible for Complete Management of His account.
6. No one can control value.
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Decentralization
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decentralisation
Health systems decentralization involves moving decision making away from centralised control and closer to the users of health services. Many countries have embarked on a process to decentralize their health systems as a means to improve their responsiveness and performance.
In practice, decentralization involves the transfer of authority and power from:
Higher to lower levels of government or from national to subnational levels of government.
Government to legally independent autonomous state organisations.
Government to the private sector (whether “for profit” or “not for profit”).
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the transfer of authority from central to local government."efforts to promote decentralization and reform of the national political party"
the movement of departments of a large organization away from a single administrative center to other locations."the decentralization of business services"
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Everything that you will not understand 😁
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Before moving to decentralization I would like to focus on word Centralization. Centralization means centralized control of system or network or institute or organization or even government. In such scenario respected entities are solely responsible as an authority.

But in decentralization there is no such third party or direct entities, that can interfere within network to manipulate it or control it.

Blockchain is the solution for taking future business towards decentralization .
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Decentralization is the process by which the activities of an organization, particularly those regarding planning and decision-making, are distributed or delegated away from a central, authoritative location or group.
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There are some examples that even before we had computers, IT, we had various instances of decentralized economies , decentralized ways of interacting. For example looking at the insurance industries, we generally have insurance because of national government program or because we are buying insurance as a product provided by various insurance companies. But the way that insurance companies started in the first place as, a group of people coming together and making a contract of mutual understanding that all have ship and if one of my ship gets captured by pirates or gets damaged we can help each other cover the cost. This decentralized model is something that existed for quite a while.
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