☆The history and evalution of E-commerce☆

Today, everyone known E-commerce and it is very popular in the world. But did you really understand what E-commerce is?? E-commerce is also called as Electronic commerce or eCommerce, it consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. A wide variety of commerce is conducted in the way of spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.

The history and evolution of E-commerce as below:
In 1970s
~Meaning of E-commerce is the facilitation of commercial transactions electronically, using technology, example are Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT).
~There were allowing businesses to send commercial documents like purchase orders(PO) or invoices(Inv.) electronically.

In 1980s
~Growth and acceptance of credit card, automated teller machines (ATM) and telephone banking and were also forms of E-commerce.
~In 1984, EDI was standardized through ASC X12. This guaranteed that companies would be able to complete transactions with one another reliably.

In 1990s
~E-commerce would additionally include enterprise resource planning systems (ERP), data mining and data warehousing.
~In 1994, Netscape arrived. It provided to users a simple browser to surf the Internet and a safe online transaction technology called Secure Sockets Layer.

~In 1995, two of the biggest names in e-commerce are launched, their are Amazon.com and eBay.com.

~In 1998, Digital Subscriber Line (DSL) provides fast and always-on Internet service to subscribers across California. This prompts people to spend more time and money to online. E-commerce needed to take four years to develop the security protocols (HTTP) and it which allowed rapid access and connection to the internet.
~In 1999, Business.com sold for US $7.5 million to eCompanies and the peer-to-peer filesharing software Napster launches.

In 2000s
~A great number of business companies in the United States and Western Europe represented their services in the World Wide Web (WWW). It changed the meaning of the E-commerce as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services.
~In 2000, the dot-com bust but the “brick and mortar” retailers recognized the advantages of E-commerce and began to add some capabilities to their web sites. Other than that, U.S government extended the moratorium on Internet taxes.

Recently, we can see that Amazon.com and eBay.com are very successful in online purchases, it is because the network improvement and it become more safety at online banking.

Related Links:
http://www.ecommerce-journal.com/articles/electronic_commerce_aka_e_commerce_history
http://www.ecommerce-land.com/history_ecommerce.html
http://newmedia.medill.northwestern.edu/courses/nmpspring01/brown/Revstream/history.htm
http://en.wikipedia.org/wiki/Electronic_Commerce

Posted by Toh Jin Huey