Decentralization is a type of Institutional Design that breaks up central powers into smaller autonomous organizations.
- It distributes Centralized Power into the microphysics of power
- It allows for horizontal organization
- Computers and the internet allows these structures to naturally form
- Spontaneous Organization
Example
- Git (decentralized version control & devops)
- Blockchain (decentralized ledger)
- IPFS & BitTorrent (decentralized file hosting)
- Game Theory Concepts
- Resource Regeimes