The P2P File Transfer Alliance is a joint-venture between Xiaomi, Oppo and Vivo to develop a much more convenient and easier way to share files peer-to-peer via bluetooth or Wi-Fi (similar to SHAREit by Lenovo and Xiaomi's Shareme). The Allaince is mainly a response to Apple's AirDrop to Chinese users. The protocol was first announced in August 2019 in China.
Recently, Oppo, Blackshark, Realme, OnePlus and Meizu joined the P2P File Transfer Alliance as mentioned in their Weibo accounts.
The file transfer system would transfer files at an average 20mb per second and unlike other file-sharing apps that use Wi-Fi, this one does not interrupt your Wi-Fi connectivity, making it able for you to transfer files wirelessly as well as use your device at the same time.
Source: Gadgets360
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