The rise of P2P services online

Napster. Ever heard of it? I hope so, otherwise I’m already starting to show my age. But yes, I repeat, NAPSTER, it is part of the History of the internet and it will be forever.

Napster was the first platform known worldwide for making Peer to Peer connections.

For the first time on the Internet, a project was born in which we were people, or connection points, on the same level, who connected one by one and formed a network where nobody was the one that gave content to everyone else, but instead, everybody became the sum of equal points among themselves creating the network.

All decentralized, without any power or central server, and with the community and people both as a source and the destination for information, in this case, music.

The idea was revolutionary, supposed to turn around the musical ecosystem in those times. It managed to force one of the most influential sectors to rebuild from scratch, to rethink its commercial strategy and, over time, it limited the power they had to take advantage of their customers.

It was about democratizing the access to content, and of course obliging an industry to listen to the consumer when we said that we were fed up with you taking advantage of us, we want to pay and let the authors earn money, yes , but a fair price otherwise, we will get it for free.

In 2011 justice managed to close the platform, but the seed was already implanted in the minds of consumers and we knew there was another way of doing things.

P2P TODAY:

Over time the changes brought about by this disruptive way of thinking began to affect other unrelated activities:

VoIP services: Skype, Viber: In this case, a client (the user) originates the voice call and the sounds are ‘packaged’ into data, which is then transmitted over a P2P network.

Scientific and research networks: Chinook, SETI …

Education and training: the LionShare project: an online database exclusively for students and alumni.

Exchange cryptocurrency: Bitcoin and blockchain: We all know how this works, the network of nodes that is formed and managed by blockchain, the famous Bitcoin accounting book. In this way, bitcoin transactions are updated in this accounting book to which all users have access.

The P2P network has managed to create a decentralized digital account unit that cannot be copied and replicated infinitely. The P2P network used on the Bitcoin platform does not share audiovisual files (such as with BitTorrent, for example) but records the exchange of a unit of account (a Bitcoin) in a decentralized accounting book (the blockchain). In this way, the network itself makes the currency maintain its value and does not corrupt the system.

More and more examples: Tourism, Transportation, restoration …

P2P & TRITTIUM:

Once we have verified that P2P is not a passing fad, or just a way of thinking for a few people, we realize that it has already become a way of doing business and we are all clear about its implementation, at a global level, exercised even by multinationals.

Given that we know it allows cost savings and access to higher levels of information to all parties, why not we develop a global platform that allows all of us to benefit from it in a clear, direct and transparent way?

Let people connect with each other, let them benefit from the advantages of internet and global connections. Let us put at your disposal a platform that gives you:

FOR THE BORROWER:

• An alternative to traditional sources of financing.

• No dependence on credit history.

• A fast and direct online process.

• No hidden bank costs.

• Anonymity.

• The ability to request a loan without having to provide prior financial documentation.

• Avoid pa commissions to exchanges for the sale of their cryptocurrencies.

FOR THE LENDER:

• Competitive interest rates

• Delegation of responsibility for verifying the viability and safety of the operation to Trittium.

• Lower risk than other investment products.

• Positive risk-benefit ratio.

• Diversification of investments.

• Agility and speed.

• Security against default: With Trittium, the full value of the loan is deposited as a cryptocurrency by the borrower in exchange.

Given the complex world that has developed, and that continues to develop around the P2P platforms in the different sectors, it is clear that the community-based businesses and the speed that online technologies allow are now becoming a basic pillar of our future.

Originally published at medium.com on July 17, 2018.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store