Bestowing peerage on someone is a way of ennobling them. It is an act of conferring a title of nobility, such as a dukedom or barony, upon a person. This is usually done as a reward for service to the state or nation, or in recognition of some other achievement. Historically, it was a way of recognizing a person's social standing and power, and could be used to increase their influence. In modern times, bestowing peerage on someone is still seen as a great honor, and is often used to recognize those who have made significant contributions to society.