The Official Magazine For New Economies

PEER-TO-PEER

A peer to peer network is a decentralized and distributed system made up of “peers” which include both the consumer and supplier. It suggests a lending or borrowing system used by companies such as Spotify and Etsy.com. The individual consumers provide the services and consume the services, while the company is responsible for providing the platform necessary for making the matches, the guidelines, rules or regulations, and payment.