Stanford may also take administrative action against copyright infringement, including loss of networking privileges and SUNet ID, or disciplinary action up to and including termination for faculty and staff, and expulsion for students.
Copyright owners can, and do, lawfully scan Internet traffic to identify instances where their material is being shared over P2P networks. In the latter case, Stanford would have to provide the identity of the Stanford network user. Copyright damages are usually statutory — that is, determined not by actual damages but by statute. Recently, New York State passed legislation legalizing peer-to-peer car-sharing, which is set to go into effect in the latter half of Subscribe to get the best Verge-approved tech deals of the week.
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Key Takeaways A peer-to-peer service is a platform that directly connects parties to a transaction without the third-party intermediary. Peer-to-peer services leverage technology to overcome the transaction costs of trust, enforcement, and information asymmetries that have traditionally addressed by using trust third parties. Peer-to-peer platforms offer services such as payment processing, information about buyers and sellers, and quality assurance to their users.
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Investopedia does not include all offers available in the marketplace. Related Terms Peer-to-Peer P2P Economy Definition A peer-to-peer economy is a decentralized model whereby two parties interact to buy or sell directly with each other, without an intermediary third-party.
What Is Disintermediation?
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