History and evolution of E-commerce

8:11 AM / Posted by E-commerce /

E-Commerce was birth out of the World Wide Web (WWW). E-Commerce is a process of execution of commercial transactions electronically with the help of the leading technologies such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT). In the late 1970s ,these technologies appeared and allowed business companies and organizations to send commercial documents.

In 1984, electronic data interchange (EDI) was standardized through ASC X12. After this, it has become stable and reliable in transferring large amounts of transactions. So that, it guarantee companies would be able to complete transactions with one another reliably.

During year 1992, the first ‘point and click’ browser is available, when the Mosaic web-browser was made. The Mosaic browser was quickly adapted into a downloadable browser and Netscape, which allowed easier access to electronic commerce. The development of Digital subscriber line (DSL) was one of the key moment in the development to of e-commerce. DSL allowed quicker access and a persistent connection to the Internet.

In 1994, Netscape released the Navigator browser under the code name Mozilla. Pizza Hut offered pizza ordering on its Web page and the first online bank opened attempts to offer flower delivery and magazine subscriptions online.

The next development of e-commerce is Jeff Bezos launched Amazon.com in 1995. History of ecommerce is unpredictable without Amazon and eBay which were among the first Internet companies to allow electronic transactions. Amazon.com, Inc, famous e-commerce companies, founded in 1994 by Jeff Bezos and was one of the first American e-commerce companies to sell products over the Internet. Pierre Omidyar as AuctionWeb. Dell and Cisco who is the founder of eBay began to aggressively use Internet for commercial transactions.

During year 1998, the development of Red Hat Linux was gave users another choice in a platform other then Windows that was reliable and open-source. Microsoft faced with this competition needed to invest more in many things including electronic commerce. Besides that, Napster was an online application used to share music files for free. This application was yet another development in e-commerce. Many consumers used the site and were dictating what they wanted from the industry.


In 2000 a great number of business companies in the United States and Western Europe represented their services in the World Wide Web. The meaning of the word e-commerce was changed. The term e-commerce is the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services.
History of e-commerce is a history of a new, virtual world which is evolving based on the customer advantage. There would be a glorious future of e-commerce in the 21st century. Ecommerce will further confirm itself a major tool of sale in the foreseeable future.
Today, the largest electronic commerce is Business-to-Business (B2B). Businesses involved in B2B sell their goods to other businesses. Besides, it can be seen that there will be a large growth in Business-to-Consumer (B2C) e-commerce, which online businesses is selling to individuals. However, even though B2C electronic commerce may be the most recognizable there are different varieties.

Related links:

1)www.ecommerce-land.com/history_ecommerce.html

2)www.flysyk02.netfirms.com/Ecommerce/History.htm

3)www.mapsofworld.com/referrals/internet/internet-history/history-of-e-commerce.html

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1 comments:

Comment by yathish on August 19, 2019 at 10:52 PM

give a great information about Ecommerce |
Magento ecommerce development companies |

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