Decentralization is one of the most innovative concepts that blockchain technology offers to investors and traders in the financial market. The concept itself is a very safe and secure process and it makes the whole transaction period easy for the stakeholders. The decentralized autonomous organizations are the best strategy for managing the whole network of blockchain technology. Decentralization offers every individual or stakeholder in the organization a say in the process. Therefore, the distribution of power among the people creates a sense of responsibility and loyalty towards the organization.
Disadvantages of drawbacks with decentralization concept of blockchain technology
The power of distributing responsibility and creating a democratic environment under an organization is one of the most appreciated forms of management. However, in order to achieve this goal, the fundamentals of the organization might suffer. Delegation requires its own set of rules and regulations and each individual on the decentralized level needs equal scale. Also, intellect to continue the operation and technical improvisations is required.
nsDAO want to connect the users on the global level to maintain the efficiency
The Internet has the power to connect people from one place in the world to the other. The decentralized power views the world as a place where a platform can make a major difference by connecting small dots (individuals) and making it a big program. Implementation of such a decentralized level will include the safety and security of data that is being uploaded by the users for investors on the platform. Therefore, there should be a way in which these systems are governed.
