The official business definition of Peer-to-Peer (P2P) Process is an automated system that facilitates the exchange of information, goods, or services between two or more parties without the involvement of a middleman. P2P Process is a cost-effective, efficient way to exchange goods and services, since it eliminates the need for a third-party intermediary, such as a bank or other financial institution. The main benefit of this process is that it allows the direct exchange of information and goods, instead of relying on the middleman to facilitate the transaction. Additionally, P2P Process allows for faster and more secure transactions, since all of the information is shared directly between the two parties.
P2P Process is becoming increasingly popular in the business world, as it allows for more secure and efficient transactions. This process is commonly used in payments, such as PayPal