The history and evolution of E-commerce

The history of e-commerce is a history of two information technology has transformed business processes. EDI (Electronic Data Interchange) is widely viewed as the beginning of e-commerce if we consider e-commerce as the networking of business communities and digitalization of business information. EDI is a set of standards developed in the 1960’s to exchange business information and do electronic transactions. The evolution of e-commerce has change rapidly from unprofitable good idea to a profitable good idea. In year 1984, an EDI was standardized. This guaranteed that companies would be able to complete the transactions with one to another reliably.

In year 1992, the compuserve has offered online retail products to its customers. This has gives people the first chance to buy things through their computer. After two years, Netscape has been arrived in year 1994. It has provided users a simple browser to surf the internet and a safety online transaction technology called Secure Sockets Layer.

In year 1995, two of the biggest names in e-commerce are launched. There are Amazon and eBay. There allow users to shopping through online. When it comes to year 1998, there has come out the DSL (Digital Subscriber Line). It provides a fast, always-on internet service to subscriber. This encourages users to spend more time and money to online.

In year 1999, there has a new channel called business.com. This allows people to have a quick find anything for the business such as construction, health care, technology, and so on. There are over 65,000 business categories. All these are the evolution year by year. There is increased confidence in online order fulfillment, the security of personal data, and easier online return option. Nowadays, the evolution of significant changes as wireless e-commerce has been grown.