Decentralisation can greatly benefit the global financial system. By distributing power and decision-making authority across various entities, it reduces the risk of a single point of failure and promotes resilience. Furthermore, decentralisation allows for greater transparency and accountability, as transactions and records are stored on a distributed ledger that is accessible to all participants. This can help prevent fraud and corruption, as well as enhance trust among participants. Additionally, decentralisation enables financial inclusion by providing access to financial services for the unbanked and underbanked populations. It also fosters innovation and competition, as it allows for the development of new financial products and services by a wider range of players. In summary, decentralisation holds immense potential to revolutionize the global financial system, offering increased stability, transparency, inclusivity, and innovation. It is imperative that policymakers and financial institutions embrace this paradigm shift and work towards its implementation.

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