Definition of E-commerce.
E-commerce is the buying and selling of goods and services on the Internet, especially the World Wide Web.
History of E-commerce.
E-commerce application were first developed in the early 1970s with innovations such as electronic funds transfer (EFT),whereby funds could be routed electronically from one organization to another. Then came electronic data interchange (EDI). EDI provided with a "set of standards" that enabled the big business firm to indulge in a sort of beneficial electronic transaction. It also facilitated the interchange of vital business oriented information. E-commerce is also conducted through the more limited electronic forms of communication such as e-mail or fax. Most of this is business-to-business, to consumers and other business prospects.
E-commerce application were first developed in the early 1970s with innovations such as electronic funds transfer (EFT),whereby funds could be routed electronically from one organization to another. Then came electronic data interchange (EDI). EDI provided with a "set of standards" that enabled the big business firm to indulge in a sort of beneficial electronic transaction. It also facilitated the interchange of vital business oriented information. E-commerce is also conducted through the more limited electronic forms of communication such as e-mail or fax. Most of this is business-to-business, to consumers and other business prospects.
Evolution of E-commerce.
Year 1984-Electronic data interchange (EDI) named as ASC X12 has gained a lot of popularity and was readily accepted by new businesses for transfer of huge amount of transactions. This guaranteed that companies would be able to complete transactions with one another reliably.
Year 1992-The first point and click web browser was developed called Mosaic. The first downloadable browser, Netscape, was developed based on Mosaic, and this gave people with Internet access the ability to participate in electronic commerce.
Year 1995-Two of the biggest names in E-commerce are lauched which are Amazon.com and eBay.com.
Year 1998-There was a maximum sales of E-commerce than ever before as the benefit of E-commerce was taken by those people who had Digital Subscriber Line (DSL) or high speed internet access.
Year 2000-The need for high security where E-commerce was concerned developed as the hackers attacked those popular sites such as Yahoo, eBay and Amazon.com.
Year 2001-E-commerce was adapted by almost every major retail company such as Wal-Mart. The transactions that took place between the businesses where recorded at around $700billion.
Year 2005-The U.S. government extended the moratorium on Internet taxes until this year.
Year 2008-The U.S. E-commerce and Online Retail sales projected to reach $204 billion, an increase of 17% over year 2007.
Year 1995-Two of the biggest names in E-commerce are lauched which are Amazon.com and eBay.com.
Year 1998-There was a maximum sales of E-commerce than ever before as the benefit of E-commerce was taken by those people who had Digital Subscriber Line (DSL) or high speed internet access.
Year 2000-The need for high security where E-commerce was concerned developed as the hackers attacked those popular sites such as Yahoo, eBay and Amazon.com.
Year 2001-E-commerce was adapted by almost every major retail company such as Wal-Mart. The transactions that took place between the businesses where recorded at around $700billion.
Year 2005-The U.S. government extended the moratorium on Internet taxes until this year.
Year 2008-The U.S. E-commerce and Online Retail sales projected to reach $204 billion, an increase of 17% over year 2007.
What is Web 2.0? Web 2.0 refers to what is perceived as a second generation of web development and web design. It is characterized as facilitating communication, information sharing, interoperability, user-centered design and collaboration on the World Wide Web. It has led to the development and evolution of web-based communities, hosted services and web application. Web 2.0 is the business revolution in the computer industry caused by the move to the Internet as a platform, and an attempt to understand the rules for success on that new platform. Web 2.0 websites allow users to do more then just retrieve information.
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