what is p2p ?
P2P stands for Peer-to-Peer. It can refer to several related concepts, including networking, payments, and business processes.
Here's a more detailed explanation:
Peer-to-Peer (P2P) Networks:
In computing, P2P refers to a network where each participant (peer) has equal access and responsibility for processing data, unlike a client-server setup.
Peer-to-Peer (P2P) Payments:
This involves direct transfers of funds from one individual's account to another via digital means, often without a third-party intermediary like a bank.
Procure-to-Pay (P2P):
This is a business process encompassing the steps from identifying a need for goods or services to making payment to the supplier.