This essay focuses on centralized finance system. The change in the Global Financial system in terms of going from attached an example of how you should write it. The sources must be a minimum of 10 peer-reviewed articles.

centralized finance system

The change in the Global Financial system in terms of going from

Firstly, attach an example of how you should write it.

Secondly, The sources must be a minimum of 10 peer-reviewed articles.

The research question is:

Firstly,  In which way and why cryptocurrency replace the role of a centralized finance system?

Secondly,  You are free to do whatever you think right unless it complies with the condition of what the work consists of.

In a centralized system, all users are connect to a central network owner or “server”.

The central owner stores data, which other users can access, and also user information.

This user information may include user profiles, user-generate content, and more.

A centralized system is easy to set up and can be developed quickly.

Centralization

Centralization is a business structure in which one individual makes the important decisions (such as resource allocation) and provides the primary strategic direction for the company.

Most small businesses are centralize in that the owner makes all decisions regarding products, services, strategic direction, and most other significant areas.

However, a business does not have to be small to be centralize.

Apple is an example of a business with a centralize management structure.

Within Apple, much of the decision-making responsibility lies with the Chief Executive Officer (CEO) Tim Cook, who assume the leadership role within Apple following the death of Steve Jobs.

Apple has long been view as an organization that maintains a high level of centralize control over the company’s strategic initiatives such as new product development, markets to operate in, and company acquisitions.

Many businesses in rapidly changing technological environments have a centralize form of management structure. The decisions made by the lower level management are limit environment.

The advantages of centralized organizations include

clarity in decision-making,

streamlined implementation of policies and initiatives,

and control over the strategic direction of the organization.

The primary disadvantages of centralized organizations can include limit opportunities for employees to provide feedback and a higher risk of inflexibility.