Thursday, June 18, 2009

History and Evolution of E-Commerce

E-Commerce is also known as ecommerce, electronic commerce or E-Business. Unlike the traditional method of commerce, E-Commerce is the act and science of buying, selling or exchanging products, services and information over the internet. Internet shopping has become one of the popular activities around us. With E-commerce, everyone can shop at anytime they want.

The meaning of E-commerce has changed over the 30 years. In 1970s Electronic Date Interchange (EDI) and Electronic Funds Transfer (EFT) were first developed. EDI and EFT allowed business companies to exchange business information, do transaction, and send commercial documents electronically. Next, e-commerce also formed in 1980s in the growth and acceptance of credit cards, automated teller machine (ATM) and telephone banking.

In 1990, World Wide Web(WWW), which was proposed by Tim Berners had became more commercialized and anyone in the world started taking part in it. After that, Mosaic web-browser became the first ‘point and click’ browser and it was quickly adapted into a downloadable browser. In 1994s, a simple browser to surf the internet and a safe online transaction technology called Secure Socket Layer (SSL) was provided by Netscape.

Amazon ( and eBay ( were the first Internet companies to allow electronic transaction. The two websites are launched in 1995s. Besides that, DSL was also developed in 1998s and allowed quicker access and a persistent connection to internet. For addition, the development of Red Hat Linux was also another major step in e-commerce growth.

In 2000s, people began to define the term ecommerce as the process of purchasing of goods and services available over the Internet using secure connections and electronic payment services. There were a great number of business companies in United States and Western Europe represented their services in the world wide web (WWW).

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. I strongly believe that e-commerce will keep on developing popular stages until anyone can just buy thing and shop from home.