Birth and evolution of E-commerce

HISTORY

After with the introduction of me and my group mates, it is time to move the spot light to introducing our main character of the blog, Mr. E-commerce. E-commerce, came from electronic commerce, which is an activity of buying and selling of products and services through electronic systems such as internet and other computer networks. From what we have gathered, the usage of trade conducted electronically has grown tremendously since the introduction and spread of the Internet.

Electronic commerce has changed over the last 30 years with new discoveries and development of technology. In the early year, electronic commerce meant the facilitation of commercial transactions electronically.Technology such as Electronic Data Interchange (EDI) and Electronic Fund Transfer (EFT) were both introduced in the late 1970s, allowing businesses to send commercial documents like invoices or purchase orders electronically. In the 1980s, new forms of electronic commerce such as credit cards, automated teller machine (ATM) and telephone banking are introduced. From the 1990s onwards, electronic commerce would additionally include enterprise resource planning systems (ERP), data mining and data warehousing.

Perhaps it is introduced from the Telephone Exchange Office, or maybe not. Boston Computer is the earliest example of many-to-many electronic commerce in physical goods where they monopoly market for used computers launched in 1982. The first online information marketplace, including online consulting, was likely the American Information exchange, another pre-Internet online system introduced in 1991. Below are the evolution time line where new discoveries and development that changed e-commerce;

• 1990: Tim Berners-Lee wrote the first web browser, WorldWideWeb (www), using a NeXT computer.

• 1992: J.H. Snider and Terra Ziporyn published Future Shop: How New Technologies Will Change the Way We Shop and What We Buy. St. Martin's Press.
  

• 1994: Netscape released the Navigator browser in October under the code name Mozilla. Pizza Hut offered pizza ordering on its Web page. The first online bank opened. Attempts to offer flower delivery and magazine subscriptions online. Adult materials were also commercially available, as were cars and bikes. Netscape 1.0 in late 1994 introduced SSL encryption that made transactions secure.

• 1995: Jeff Bezos launched Amazon.com and the first commercial-free 24 hour, internet-only radio stations, Radio HK and Netradio started broadcasting. Dell and Cisco began to aggressively use Internet for commercial transactions. eBay was founded by computer programmer Pierre Omidyar as AuctionWeb.

• 1998: Electronic postal stamps can be purchased and downloaded for printing from the Web.

• 1999: business.com was sold for US $7.5 million, which was purchased in 1997 for US $150,000. The peer-to-peer filesharing software Napster was launched.

• 2000: The dot-com bust.

• 2003: Amazon.com had its first year with a full year of profit.

For extra e-commerce history visit www.ecommercetimes.com