Decentralization – A Big Word With Big Implications
You cannot be involved in anything related to finance without running headlong into the big “D” word–along with its cousin, “Distributed.” It seems the world is enamored with the idea of decentralized everything. For the most part, that is a good thing. After all, separation of powers has been a primary governing principle of our nation since its founding.
This touches on the related principle of “localism.” Localism states that people in closest proximity (geographic, relational, or both) are better equipped to understand and care for the needs of a community than a distant, centralized government. As financial technology takes us into the world of decentralization, it naturally enables the principle of localism to flourish. This has profound implications for the future of the world.
