The history of E-commerce dates back to 1968, when EDI (Electronic Data Interchange), allowed two companies to perform electronic transactions with one another. However, there were no set regulations in place that would regulate the transactions capabilities and overall fairness of electronic exchange. However, in 1984, the ASC X 12 standard was created in order to deal with this. It was also a dependable means of dealing with a large number of transactions at once. This was a defining moment for e-commerce, because it severely reduced the potential pandemonium of e-commerce.
Beside that, E-commerce is the movement of business onto the World Wide Web. This movement has been broken up into two main sectors consisting of business to business and business to consumer. As this being the history of E-commerce it is best to tell the story of the pioneers. Business to consumer e-commerce has one defining pioneer. He is the founder of Amazon.com, Jeff Bezos. On the other hand Business to Business E-commerce has been marked by milestones.
Well, E-Commerce has revolutionized further & has been converted into eBusiness with the
optimum usage of resources such as the internet, credit cards, ecommerce software or shopping carts solutions. Loads of companies are shifting to E-commerce & E-business solutions because of easy availability of clients & a better & more forward approach towards the market. These modern techniques provide new & healthy business without much needed investment.
optimum usage of resources such as the internet, credit cards, ecommerce software or shopping carts solutions. Loads of companies are shifting to E-commerce & E-business solutions because of easy availability of clients & a better & more forward approach towards the market. These modern techniques provide new & healthy business without much needed investment. By looking at the evolution of E-commerce, it will be easier to judge its trends for the future:
1984 ~ EDI (Electronic Data Interchange), was standardized through ASC X12. This guaranteed that 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 (Digital Subscriber Line), provides fast, always-on Internet service to subscribers across California. This prompts people to spend more time, and money, online.
1999 ~ Retail spending over the Internet reaches $20 billion, according to Business.com.
2000 ~ The U.S government extended the moratorium on Internet taxes until at least 2005.
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 (Digital Subscriber Line), provides fast, always-on Internet service to subscribers across California. This prompts people to spend more time, and money, online.
1999 ~ Retail spending over the Internet reaches $20 billion, according to Business.com.
2000 ~ The U.S government extended the moratorium on Internet taxes until at least 2005.
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