PeerTech is an evolution of the Internet from an “Internet of Information” to an “Internet of Peers”. As such, it is decentralized in nature providing direct connections in both “people-to-people” and/or “people-to-machine” interaction scenarios. These interactions occur at the edge devices/people, without passing through any centralized intermediaries….
Coupled with BlockChain and distributed ledger technologies (DLT), PeerTech innovations and solutions enable the “sharing economy” platforms (also referred to as collaborative consumption) with of all sorts of services at the edges. These “User- to-user services” offer a viable alternative to the issues inherent in cloud-computing based platforms controlled by single owners.”
These viable, digital solutions are evolving in an industry-by-industry basis. For example, the banking and financial verticals are working in these directions by calling all such activities “FinTech”. Insurance organizations similarly have an “InsurTech” verticle and the list is growing. The resulting “stovepipe organisation” yields multiple, different, messy user experiences (or applications) at best. Peertech takes a horizontal perspective by focusing on the user-experience first over the industries operational constraints.