Peer to Peer lending is a unique method that links borrowers and lenders relatively quick and inexpensive without financial intermediaries. With technological advances in recent years including the boom of electronic money, transactions in peer to peer lending programs have become more and more commonly used around the globe. This type of financial service carries both advantages (peer to peer communities have a quick and easy online application process for both lenders and borrowers (Schneider 2008))
What is Peer-to-Peer Lending? Online peer to peer lending is defined as the “transaction using the internet in which one or more individuals lend money to one or more other individuals”. The keystone of P2P is that individuals, rather than institutions, stand on both sides of the transaction. It has been said by the P2P sites that by eliminating the middle man i.e. the commercial bank in traditional loans- investors can earn high returns and the borrowers can obtain financing at lower rates. Lending
: “Peer assessment, defined as ‘an arrangement in which individuals consider the amount, level, worth, quality of success of the products or outcomes of learning of peers of similar status’ is becoming more important as an alternative assessment method, among others such as self-assessment and portfolio assessment.” (Cheng & Warren, 2005, p.2) In a research by Tim Roskams, he concluded that, peer feedback was generally perceived as useful and occurred often although about five percent of students
1.a) The Circuit switched network has its advantages that would be more appropriate to use in this situation. Circuit switching allows the use of a Transmission link to be pre-determined. this would allow the long session to be reserved as opposed to packet switching which does not reserve resources which can result in waiting for access for a communication link. Packet switching also takes apart the packets one by one which would take more time to arrive at its destination as unforeseen delays
Peer to Peer file sharing are Some applications that works on computers which allows users to search files like music, games, movies and other files from other computers or other networks then download it without permission or legal authority. It differs a lot from normal internet downloading because it communicate directly with other computers which means peers without certain website. These peer to peer applications makes the computers act like a server and a client but at the same time protects
Current Issues Project: Peer-to-peer Lending Advancements in technology coupled with new legislation have brought upon a game changer in the financial industry known as peer-to-peer to lending. Originally established as a way to help boost the economy in developing countries, peer-to-peer lending is expanding its capabilities into first world countries through online platforms. This new industry is experiencing tremendous growth, with pwc estimating that it could be a $150 billion business by
While I appreciated that one of my peers provided feedback on my work, I feel that the feedback that was provided did not fulfill the assignment. My peer did not provide detailed feedback on my paper that could be adequately incorporated in my review and revisions. Most of the information that was provided as feedback were simply statements that reiterated what the prompt question was. Please see the below feedback provided to me by my peer. It seems as though my peer's argument is the
design of the C&C Botnets systems, which is leading the attackers to develop and use a Peer-to-Peer based control architecture designs like “Phatbot” [14], “Slapper” [12], “Nugache” [15], “Sinit” [13] etc., for the Botnet systems. These Peer-to-Peer based control architecture designs have multiple advantages like eliminating the need of using "Bootstrap" process which is a common process in P2P protocol. Another advantage of a P2P based architectures like “Nugache” is their ability to function undetected
classroom. Many people have different opinions on this topic. For instance, some believe that disabled children should be separated from non-disabled children in classrooms, while others believe they should not be separated. There are many advantages and disadvantages to both sides of this situation. The views of both of these choices are completely opposite. On one side something may have a positive outcome, but on the other side, it may result in a negative outcome. Choosing which one has more positive
The advantages and disadvantages of conformity. The New Zealand Oxford dictionary defines conformity as accordance with established practise and agreement suitability. Conformity comes with many advantages and disadvantages. Conformity exists so people don’t feel left out. It also comes with many dangers such as losing your logic and forgetting whether what you’re doing is good or bad. An advantage of conformity is feeling that you’re not alone. You feel accepted and a part of a group where will