Crypto Academy S5 - Homework Post for task by @wizzyboy3

Greetings to student in this steemcrypto academy community it is a warm privillage ro participate in this fixed course the title for the fixed course by @yousafharoonkhan is decentralization and facts about it.
Before i start here are the questions:

A)What is decentralization

B) Describe the advantages and disadvantages of a decentralized system

C) In what areas of life can a decentralized blockchain be helpful

What is decentralization

Decentralization is a system in which ownership and power are in the palms of not just one person but several people.
This system allows those in it to make thier own decisions, cause several people run the company. If we wish to know whether an organization is centralized or decentralized , it depends on the place of making a desicion power at lower levels . A company in a decentralized system is runned by the people working and that is good cause if we have opinions of all the people the company can advance. A decentralized system allows people to wotk freely.

Importance of decentralization

1. Decentralization makes people in a company to quickly make thier decision without waste of time and energy. That means in a decentralized system people are allowed to give thier own suggestion and when this is done decision making is faster.

2. Seceterial growth: A decentralized system goes through the managers judgement and abilities, when solutions are brought up to solve problems.

3. Advanced development: This allows the heads of the branch to work on thier own. Being independent can make the company to improvr.

4. Higher control: it reviews the work of each branch and gives them a good viewpoint of thier work

Describe the advantages and disadvantages of a decentralized system

Advantages
1)It brings down the burden on top executive: Decentralization comforts the high executives of the load of executing various functions.

2)Facilitates varieties: In a decentralized system , the varieties of products , activities or market is eased.

1. Executive development: When the owners are decentralized, the people in charge of the organization will get the privillage to build up thier talent.

2. Quick decision making: Decentralization brings decision making process closer to the scene of action in this way quick decision making is made.

3. Better handling and supervision: decentralization make sure that better handling and administration of the subordinates at the smallest level will have authority to make the company to grow

Disadvantages

1. Uniform policies are not followed: In a decentralized system it is impossible to follow the same policies and standard procedure, because of that each manager will
   hard to frame policies.

2. Required accepted pesrsonel: Decentralization is of no use if they were no accepted and expert personnel.

3. Conflict: Decentralization heads to realize profit so when new profit plans are made in a company there can be conflicts.

4. More finacial burden: Decentralization needs the employment of skilled personnel to accept authority which involves more finacial load.

5. Problem of co-ordination: Decentralization of power creates problems of getting along with each other.

In what areas of life can a decentralized blockchain be helpful

1. Education: The system of education now is not how it had been and that is as a result of lack of clearness, but with a decentralized system , all information of a person is highly showed.

2)Banks: With decentralized system banks can no longer be hacked by hackers, and it can make the individual to trust the bank.

This was a relly intresting course see you in another course