Decentralization is a concept that refers to the distribution of power and decision-making authority away from a central authority or entity to multiple smaller, localized entities. In a decentralized system, decision-making power and control are spread out among various stakeholders rather than being concentrated in a single entity. This can promote transparency, accountability, and efficiency in decision-making processes, as well as foster innovation and diversity of perspectives. Decentralization can be applied to various sectors and industries, including politics, economics, technology, and governance.
