History of e-commerce may date back to the invention of a very old idea of “selling and buying” through the Internet. E-commerce became achievable in 1991 when the Internet was opened to commercial use. Since that date thousands of businesses have taken up residence at web sites.
At the beginning, e-commerce is mainly facilitated by technologies such as Electronic Data Interchange (EDI) and Electronic Fund Transfer (EFT), which gave an opportunity for users to exchange business information and do electronic transactions. Both technologies were introduced way back in the late 1970s and a lot has been changed during these four decades. In 1980s, the growing popularity of credit card, automated teller machines and telephonic banking had added one more success-story to the E-Commerce.
The Internet began to advance in popularity among the general public in 1994, but it took approximately 4 years to develop the security protocols such as HTTP and DSL, which allowed rapid access and a persistent connection to the Internet. In 2000, a great number of business companies in the United States and Western Europe represented their services in the World Wide Web. At this time, the definition of the e-commerce was changed. People defined the e-commerce as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services.Although the dot-com collapse in 2000 led to an unfortunate results and many of e-commerce companies closed down, the “brick and mortar” retailers recognized the advantages of e-commerce and began to add more capabilities to their web sites.
Nowadays, the 5 largest and most famous worldwide Internet retailers are 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.
History of ecommerce is a history of a new, virtual world that is evolving according to the customers’ needs. It is a world, which we are all building together brick by brick, laying a secure foundation for the future generations.
The Evolution of E-Commerce
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.
1994Netscape 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.
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.
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