Evolution of E-Commerce
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Monday, April 20, 2009

Evolution of E-Commerce

Early Evolution-

It is said to be that Rome is not built in a day. Any development takes some particular steps and takes enough time for development. In the same manner e-commerce spent enough time for development. In this way the meaning of e-commerce has changed over the last 30 years. Originally, electronic commerce is a method that provides the facility of transactions electronically, using technology such as EFT (electronic Funds Transfer) and EDI (Electronic Data Interchange).Both of these were introduced in late 1970s, allowing business to send commercial documents like purchase orders or invoices electronically. In 1980 the growth of credit cards, automated teller machines (ATM) and telephone banking were also forms of e-commerce.

The airline reservation system stared by Sabre in the USA and Travicom in the UK, was another form of e-commerce. In 1979, online shopping was invented in UK by Michael Aldrich and during the 1980s it was used extensively particularly by auto manufacturers such as Ford, Peugeot-Talbot, General Motors and Nissan. From the 90s onwards, e-commerce would additionally include ERP (Enterprise resource planning) system, data mining and data warehousing.

A market place for used computers launched in 1982 was Boston Computer Exchange that was the earliest example of many-to-many electronic commerce in physical goods. The first online information marketplace, including online consulting, was likely the American Information Exchange, another pre-Internet online system introduced in 1991.

The Internet became popular worldwide around 1994, it took about five years to introduce security protocols and DSL allowing continual connection to the Internet. And by the end of 2000, a lot of European and American business companies offered their services through the World Wide Web. Since then people began to associate a word "e commerce" with the ability of purchasing various goods through the Internet using secure protocols and electronic payment services.
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