What is E-Commerce ?
It is the online transaction of business which links the computer system with vendor, host and buyer thus also transfers of ownership or rights to use a good or service. The most famous activities on the Web are shopping. Everyone can shop everywhere and every time when online.
History of E-Commerce
History of ecommerce dates back to the invention of the very old notion of “sell and buy”, electricity, cables, computers, modems, and the Internet. Ecommerce became possible in 1991 when the Internet was opened to commercial use. Since that date thousands of businesses have taken up residence at web sites.
It is the online transaction of business which links the computer system with vendor, host and buyer thus also transfers of ownership or rights to use a good or service. The most famous activities on the Web are shopping. Everyone can shop everywhere and every time when online.
History of E-Commerce
History of ecommerce dates back to the invention of the very old notion of “sell and buy”, electricity, cables, computers, modems, and the Internet. Ecommerce became possible in 1991 when the Internet was opened to commercial use. Since that date thousands of businesses have taken up residence at web sites.
| Year | Event |
| 1984 | EDI, or 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, or 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. |
Evolution of E-Commerce
E-commerce has come a long way in the last 14 years. From the evolution since startup, it has become from unprofitable to profitable idea. Companies like Amazon.com have successfully brokenthrough, being a long term business and playing an important role of E-commerce. Even though there are companies that failed to have positive impact on the brands, thus poorly implemented E-commerce actually serves to impait the industry as a whole, giving people lessons on how to establish an E-Commerce company.
However, as the evolution of E-Commerce continues. The technology also will need to improve, from the perspectives of organizational and support. Only then, a relationship of trust will ne build that makes E-Commerce more important in our life rather than just a tool in varying small percentage in our society.
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