Your enterprise is migrating a synchronous order fulfillment system to a distributed microservices architecture on Oracle Cloud Infrastructure. The development team originally implemented a Two-Phase Commit protocol to handle transactions spanning multiple databases, but it caused severe performance bottlenecks due to extended resource locking periods. You must now design a decentralized transaction strategy that processes steps as a sequence of independent local transactions, publishes events to coordinate subsequent steps, and executes compensating actions if a step fails. Which transaction design pattern should you implement to meet these requirements?
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