P2P File Sharing

File sharing is the distribution of digital information and resources online so other web users are able to access the same information. There are many ways P2P file sharing eliminates the need for central servers and allows all computers to share information equally. Music file sharing, instant messaging and other network applications are common P2P technology. In the article “Peers Find Less Pressure Borrowing From Each Other,” by Wendy Kaufman, it states “Google is teaming up with the nation's largest peer-to-peer lender. The search and tech giant is investing $125 million in Lending Club, which gets borrowers and lenders together outside the conventional banking system. Google's move and the actions of other big players reflect a growing interest in peer-to-peer lending.” Chanda Lugere was looking for a loan from bank to bank but was unable to get the investment she needed.  After getting denied from the banks, even with her perfect credit score, she decided to check online and came upon Lending Club. There are many ways in which peer to peer sharing can enhance business profit and competitiveness in the market.