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History of E-Commerce - Research Paper Example

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This essay describes the history of E-commerce regarding different important phases and stages through which Electronic Commerce has actually evolved. Details were provided about how electronic commerce began to be used as a popular online means of economic exchange…
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History of E-Commerce
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Download file to see previous pages Big business firms were able to indulge in a sort of beneficial electronic transactions through the EDI which was invented in the 1960’s and was provided with a set of standards. The interchange of vital business-oriented information was also facilitated. Then Mosaic web-browser was developed in 1992. It was named Netscape and given the form of a browser which could be downloaded. The scope and possibility of the electronic commercial transaction were further broadened. The process of the online business transaction was again benefited by the development and adaptation of DSL and Red Hat Linux respectively. The major merger between AOL and Time Warner in the year 2000 marked another important step towards the development of E-Commerce which proved to be very economically beneficial. E-Commerce was overwhelmingly accepted and had a stable development because of the worldwide popularity of the Internet. A rich online transaction experience was also provided by E-Commerce. The largest E-Commerce in the present time is the Business-to-Business. Two important types of E-Commerce are the Peer-to-Peer and Consumer-to-Consumer. To understand Internet History better, it is important to know the history of E-Commerce (Mapsofworld). Electronic Commerce is commonly known as e-commerce or eCommerce, or e-business. The Internet or other computer networks are electronic systems which are being used in buying and selling of products or services. Because of widespread Internet usage, the amount of trade conducted electronically has grown extraordinarily. The use of commerce is conducted in this way, spurring and drawing on innovations in the electronic funds' transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange- EDI-, inventory management systems, and automated data collection systems. The World Wide Web is typically being used by modern electronic commerce at least at some point in the transaction’s life cycle, although a wider range of technologies such as e-mail can be used as well. ...Download file to see next pagesRead More
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