History of E-commerce During year of 1979, online shopping were invented by a man called Michael Aldrich in UK While in the year of 1980s E-commerce has growth and exist the credit card payment which widely accepted in online transaction, before that it only accept the payment of check; besides that Automated Teller Machine (ATM) and telephone banking services which offer by bank were also being introduced.As time goes on, airline reservations appear to be a part of E-commerce which introduce by Sabre in USA and Travicom in UK. Such services had benefits a lot of client who busy for doing business in different location. In year of 1991, the first online information marketplaces include online consulting which was likely the American Information Exchange. As internet become more popular in year of 1994, but it took about five years in order to introduce the security protocols and Digital Subscriber Line (DSL) which allow the continuous connection. By the end of year 2000, many European and American business companies offer their products and services through World Wide Web. Thus people began to associate the word “E-commerce” which serves the ability to purchase goods via online.
E-commerce defined as the business process that done via computer network such as buying, selling or exchange goods, services and even information.E-commerce had been used widely around the world; it has become a current business trend that used by many organization in order to expands their market globally.
Back in the late of 1970s, E-commerce using the technology of Electronic Data Interchange (EDI) and Electronic Fund Transfer (EFT) which allow an organization to send out their source document such as purchase order, invoices etc electronically to client.
From the year of 1990s, E-commerce comprised of Enterprise Resource Planning Systems (ERP), Data Mining and Data Warehousing.
Evolving of E-commerce
1984-EDI was standardized through ASC X12. By using this, it will guarantee that companies would able to complete transactions with one and another reliably.
1990-First web browser were wrote by using a NeXT computer by Tim Berners-Lee
1992-Product offered by company through online services. This gives a chance to people to experience purchase stuff by using their computer.
1994-Arriving of Netscape which provides users a simple browser to surf the Internet and secure online transaction technology were introduced which called Secure Sockets Layer. The first online bank opened.
1995-Big two of E-commerce companies were launched which is: Amazon.com & eBay.com
1998-DSL provides faster internet connection services. This enables people to spend more time, money in online. Besides this, electronic postal stamps can be purchased and downloaded for printing from the Web
2000-United State government has extended the moratorium on Internet taxes until at least 2005
2002-eBay acquires PayPal for $1.5 million
2003-Amazon.com posts its first yearly profit
2008-United State E-commerce and Online Retail sales projected reached up to $204 billion
Source:
http://en.wikipedia.org/wiki/E-commerce
http://ecommerze.wordpress.com/2008/06/12/the-history-and-evoltion-of-e-commerce/
http://newmedia.medill.northwestern.edu/courses/nmpspring01/brown/Revstream/history.htm
http://www.youtube.com/watch?v=wan896ZO4aY
1 comments:
E-commerce is an awesome emergence. Almost everyone from the United States is using that to purchase their daily products today. This culture is penetrating into the Asian countries recently. I believe soon in a day we could even buy our daily cooking raw food and vegetable through the Internet in Malaysia, just like how is the Hy-Vee store in the United States doing currently.
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