Sunday, February 1, 2009

The HisToRy & EvoLuTion of E-commerce

For the last 30 years, electronic commerce is use to buying product or services in the internet. Businesses were using primitive computer networks to conduct electronic transactions . Using something called Electronic Data Interchange (EDI). But in 1979, the American National Standards Institute (ANSI) came up with something called ASC X12, a universal standard for sharing business documents over electronic networks.

By the early 1980s, individual computer users, still mostly at major research universities, were sending e-mails, participating in newsgroups, and sharing documents over networks.
Perhaps it is introduced from the Telephone Exchange Office, or maybe not. The earliest example of many-to-many electronic commerce in physical goods was the Boston Computer exchange, a marketplace for used computers launched in 1982.

CompuServe was one of the first popular networking services for home PC users, providing tools like e-mail, message boards and chat rooms. In the mid of 1980s, Computer serve added a service called the Electronic Mall. While, the Electronic Mall was not a huge success, it was one of the first examples of e-commerce as we know it today.

In 1990, a researcher named Tim Berners-Lee at the European Organization for Nuclear Research proposed a hypertext-based web of information that a user could navigate using a simple interface called a browser. He called it the "WorldWideWeb” and in 1991, the National Science Foundation lifted a ban on commercial businesses operating over the Internet, paving the way for Web-based e-commerce.

In 1993, Marc Andreesen at the National Center for Supercomputing Applications (NCSA) introduced the first widely distributed Web browser called Mosaic. Netscape 1.0's release in 1994, when Netscape arrived, it providing users a simple browser to surf the Internet and a safe online transaction technology called Secure Sockets Layer.

In 1994 and 1995, the first third-party services for processing online credit card sales began to appear. First Virtual and CyberCash were two of the most popular. Also in 1995, a company called Verisign began developing digital IDs, or certificates, that verified the identity of online businesses. Soon, Verisign switched its focus to certifying that a Web site's e-commerce servers were properly encrypted and secure.


The Evolution of E-Commercealthough it may seem like it sometimes, the realm of e-commerce did not actually spring up overnight. Many of the things that we now take for granted, conveniences such as shopping carts and one-click ordering, and readily accessible services such as PayPal it evolved a lot through trial and error. In just a little over a decade, online shopping has changed the concept of commerce, for the owners of online stores as well as for the customers.

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