After many ours of googling I finally found the solution to the problem where the “The Peer Name Resolution Protocol” service fails to start. The error displayed in the Windows event viewer is:
The Peer Name Resolution Protocol cloud did not start because the creation of the default identity failed with error code : 0x80630801
The solution is to delete a corrupt file:
C:\Windows\ServiceProfiles\LocalService\AppData\Roaming\PeerNetworking\idstore.sst