P2P File Sharing

File Sharing is the accessibility and distribution of information such as images, books, videos, documents, and software programs through the use of digital media such as a computer. P2P file sharing share the same mechanics of file sharing, but with a slight twist to it. File sharing is generally free as long as two parties agree to share and to view. P2P file sharing, on the other hand, requires a payment from the party that wants to view the files by the party that sells the access to the files. An example of P2P file sharing is best demonstrated with peer-peer lending. "The system works like this: Investors put up the money to fund the loans; typically they'll have pieces of hundreds, even thousands of loans which are ranked according to risk. An investor's rate of return will vary accordingly". Chanda Lugere, who founded the lending club, enabled access to personal finance information by bringing together investors and borrowers. Investors invest their capital to different levels of risk associated with different borrowers, essentially differentiated them by their credit score and the corresponding risk of the loan.


Work Cited

1. Peers Find Less Pressure Borrowing From Each Other May 10, 2013 http://www.npr.org/blogs/alltechconsidered/2013/05/10/182651552/peers-find-less-pressure-borrowing-from-each-other