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Before I explain and describe on the history and evolution of E-Commerce, I would like to define E-Commerce first so that readers of this blog will understand what E-Commerce is actually all about. Electronic Commerce, commonly known as e-commerce, is the buying and selling of products or services over electronic systems such as the Internet and other computer networks.Originally, electronic commerce meant the facilitation of commercial transactions electronically, using technology such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) which were introduced in the late 1970s, allowing businesses to send commercial documents like purchase orders or invoices electronically. Credit cards, automated teller machines (ATM) and telephone banking were also other forms of electronic commerce which were introduced in the 1980s.
From a table found, I'll summarize the evolution of E-Commerce as below:
1984 - EDI, or electronic data interchange, was standardized through ASC X12 that guaranteed companies would be able to complete transactions with one another reliably.
1992 - CompuServe offers online retail products to its customers. This gives people the first chance to buy things off their computer.
1994 - Netscape arrived. Providing users a simple browser to surf the Internet and a safe online transaction technology called Secure Sockets Layer.
1995 - Two of the biggest names in e-commerce are launched: Amazon.com and eBay.com
1998 - DSL, or Digital Subscriber Line, provides fast, always-on Internet service to subscribers across California. This prompts people to spend more time online.
1998 - DSL, or Digital Subscriber Line, provides fast, always-on Internet service to subscribers across California. This prompts people to spend more time online.
History of ecommerce is unthinkable without Amazon and Ebay which were among the first Internet companies to allow electronic transactions. Thanks to their founders we now have an ecommerce sector and enjoy the buying and selling advantages of the Internet. According to an article, currently there are 5 largest and most famous worldwide Internet retailers: Amazon, Dell, Staples, Office Depot and Hewlett Packard. According to statistics, the most popular categories of products sold in the World Wide Web are music, books, computers, office supplies and other consumer electronics.Amazon.com, Inc. is one of the most famous ecommerce companies and is located in Seattle, Washington (USA). It was founded in 1994 by Jeff Bezos and was one of the first American ecommerce companies to sell products over the Internet. After the dot-com collapse Amazon lost its position as a successful business model, however, in 2003 the company made its first annual profit which was the first step to the further development.
History of e-commerce is a history of a new, virtual world which is evolving according to the customer advantage. It is a world which we are all building together brick by brick, laying a secure foundation for the future generations.
In my opinion, I believe that E-Commerce will keep on emerge and evolve to a more popular stage where maybe everyone will just stay at home and start to order products or maybe even housewives will start to order groceries online without need to go through the hassle and hectic to travel to the nearest supermarket and looking for car park. Therefore, we need to adapt to this changing environment and be a smart online user by taking precautionary steps.
2 comments:
great,
i think i can "steal" some info from here to do my assignment dy, keke.
Ya, I also agree e-commerce will become more poplar in the future, this post is so informational, I had learn more about the e-commerce!
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