Commerce—the trading of goods, has been a major drive of human survival since the beginning of recorded history and beyond. Process of buying, selling, transferring, or exchanging products, services, or information via computer network is called E-COMMERCE. It enables the trading of goods, money and information electronically from computer to computer without a need for physical currency or goods to conduct business and without the barriers of time or distance while increasing speed of service delivery.
Evolution 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.
At first, in 1960s and the late of 1970s the development of Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) allowed business companies to exchange business information, do transactions, and send commercial documentation electronically. After that, in 1992s where the Mosaic web-browser becomes the first ‘point and click’ browser and it was quickly adapted into a downloadable browser, and in 1994s Netscape which provided users a simple browser to surf the Internet and a safe online transaction technology called Secure Sockets Layer arrived.
History of ecommerce is unthinkable without Amazon and eBay which were among the first Internet companies to allow electronic transactions. In 1995s, www.Amazon.com and www.eBay.com are launched. Moreover, in 1998s the development of DSL was allowed quicker access and a persistent connection to the Internet. The development of Red Hat Linux was also another major step in E-commerce growth.
In 2000s a great number of business companies in the United States and Western Europe represented their services in the World Wide Web. People began to define the term ecommerce as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services.
Evolution of ecommerce is a history of a new, virtual world which is evolving according to the customer advantage. It is a world which we are all building together brick by brick, laying a secure foundation for the future generations.
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