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Decentralization or decentralisation is the process by which the activities of an organization, particularly those related to planning and decision-making, are distributed or delegated away from a central, authoritative location or group and given to smaller factions within it.
Decentralized decision-making, Malone says, tends to create less rigidity and flatter hierarchies in organizations. When upper management delegates decision-making responsibilities, there also exist wider spans of control among managers, creating a more lateral flow of information.
A decentralized autonomous organization (DAO), sometimes called a decentralized autonomous corporation (DAC), [a] [1] is an organization managed in whole or in part by decentralized computer programs, with voting and finances handled through a decentralized ledger technology like a blockchain. [2] [3] [4]. In particular, processes run by the ...
From left to right: centralisation, decentralisation, distribution, and distributed decentralisation. Centralisation or centralization ( North American English ; see English spelling differences ) is the process by which the activities of an organisation, particularly those regarding planning, decision-making, and framing strategies and ...
A conversation with the VC firm Variant shows that some in the industry are taking a more practical view of the decentralization ideal. Crypto’s decentralization problem: The word is used too ...
Decentralization, or decentralising governance, refers to the restructuring or reorganisation of authority so that there is a system of co-responsibility between institutions of governance at the central, regional and local levels according to the principle of subsidiarity, thus increasing the overall quality and effectiveness of the system of ...
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Distributed ledger technology law ("DLT law") (also called blockchain law, [1] Lex Cryptographia [2] or algorithmic legal order [3]) is not yet defined and recognized but an emerging field of law due to the recent dissemination of distributed ledger technology application in business and governance environment.