P2P

File sharing is the distribution of digitally stored information ranging from computer programs to electronic books. Peer to peer file sharing occurs when users connect to a network where they can search for files on the computers of other users. This practice, however, has led to the disruption of various industries--including publishing and music-- and has inadvertently promoted the illegal distribution of copyrighted materials. There are, however, applications of P2P sharing that can prove to be quite efficient. Tech giant Google invested $125 million in Lending Club, which "gets borrowers and lenders together outside the conventional banking system." It turns out that peers feel less pressure borrowing from other peers as opposed to big banks. Services such as Lending Club also have more to offer in tough situations.