Sunday, June 21, 2009
Nowadays, E-commerce plays a great role in our lives. E-commerce is the process of buying, selling or trading products, goods, services and information through computer network.
Back in 1970s, E-commerce is defined as the process of facilitation of commercial transactions electronically by using Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT). Company trades and transacts products and information with other companies with the assist of these technologies. However, the use of EDI was not widely accepted because there are variety format of EDI which had caused companies difficult to interact with each another. In 1984, ASC X12 Standard was introduced. It is more stable and companies had used it to perform business transactions and transferred large amount of information.
E-shopping concept was introduced by Michael Aldrich in United Kingdom on 1979. Following the years in 1980s, credit cards, automated teller machines (ATM) and telephonic banking were also introduced.
The first web browser, World Wide Web (www) was written by Time Berners-Lee. The first "point and click" browser, Mosaic web-browser was also created in 1993 which quickly adapted into a downloadable browser and Netscape in 1994 under the code name Mozilla which allowed easier access to E-commerce. In 1990 onwards, E-commerce also includes the ERP, data mining and data warehousing.
Although the use of internet was popular around the globe in 1994, but the world took about 4 years to develop security protocols which allowed rapid and persistent access or connection to the internet. The succession founded of Amazon and E-bay in 1994 and 1995 have caused E-commerce become more popular. People started to online and thus E-commerce evolves to be what we have known now, which is buying and selling goods over the internet.
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