Tuesday, June 17, 2008

The History and Evolution of E-commerce



Nowadays, E-commerce is becoming very famous in business field. It gives an alternative way to has dealing between sellers and buyers. It’s give convenient to seller and buyer to have online shopping. This is the beginning of the “Click and Mortar”.



The history of E-commerce begins in early of 1960 by having the Electronic Data Interchange (EDI). The purpose of EDI is to exchange business information and do electronic transactions in that time. However, it’s still unable to help the companies to interact with each others. In 1984, a greater standard- ASC X12, it increased the stability and reliability of the business transaction.



The next major step occurred in 1992 when the Mosaic web-browser was the first ‘point and click’ browser. The Mosaic browser was quickly adapted into a downloadable browser, Netscape in year1994, which allowed easier access to E-commerce.



But in early 1992, CompuServe offers online retail products to its customers. This gives people the first chance to buy things off their computer. However, in 1995, was the beginning of two giants of online transaction company, which had take the E-commerce to another big step, there are Amazon.com and Ebay.com.



The development of Digital Subscriber Line (DSL) in 1998 was another key moment in the development to of e-commerce. DSL allowed quicker access and connection to the Internet also cause the E-commerce to be more used worldwide.



Until today the largest electronic commerce is Business-to-Business (B2B). Businesses involved in B2B sell their goods to other businesses. In 2001, this form of e-commerce had around $700 billion in transactions.

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