decentralized governance

Decentralized governance refers to the distribution of decision-making power away from a central authority, allowing diverse groups or individuals to participate in the governing process. Instead of a single leader or organization making all the rules, various stakeholders have a say, promoting transparency and accountability. This approach can be seen in community organizations, cooperative businesses, and blockchain technologies, where consensus and collaboration drive decisions. By involving more people, decentralized governance aims to reflect a broader range of perspectives and needs, fostering a more democratic and inclusive system.