History Of E-Commerce
The history of e-commerce was started in year 1960. Below is the PROCESS of e-commerce.
The BEGINNING!! (1960)
E-commerce was started from the development of Electronic Data Interchange (EDI). EDI is a set of standard that developed to exchange business information and do electronic transaction. At the beginning, there was a several different EDI format that business could use, so companies might not able to interact with each other.
AT Year 1984!!
ASC X12 standard was introduced and it is stable and reliable in transferring large amount of transaction.
DURING Year 1992!
Mosaic Web-Browser was made available, and it was the first "point to click" browser! After it has introduced Mosaic quickly get adapted into a downloadable browser.
OCTOBER 13, 1994
Netscape, provide easier access to electronic commerce. Netscape provide users with online system to do their thing online with no cost.
MAY 27, 1998: DSL Expands Across California
After a series of small-scale trials, SBC Communications took the plunge by offering high-speed Asymmetrical Digital Subscriber Line (ADSL) service to more than 200 communities throughout California. Users who had been accessing the Internet at 28.8 kilobits per second could now fly at 50 times that speed.
Christmas OF 1998!! The Big Online Holiday Extravaganza!!
With e-commerce, The holiday shopping spree lifted Amazon over the $1 billion (US$) barrier in annual sales. And AOL had sales of 1.2 billion over the 10 week holiday season from online sales.
AUGUST 10, 1999: Red Hat IPO Cements Linux' Status.
Linux gave users another choice in a platform other then Windows that was reliable and open-source. Microsoft faced with this competition needed to invest more in many things including electronic commerce.
THE MILLENNIUM!! YEAR 2000
A major merger, in early 2000, between AOL and Time Warner was another major push for electronic commerce. The merger, worth $350 million, brought together a major online company with a traditional company. In February 2000 hackers attacked some major players of e-commerce, including Yahoo, ebay and Amazon. In light of these attacks the need for improved security came to the forefront in the development of electronic commerce!
Today the largest electronic commerce is Business-to-Business (B2B). Businesses involved in B2B sell their goods to other businesses. In 2001, this form of e-commerce had around $700 billion in transactions. Other varieties growing today include Consumer-to-Consumer (C2C) where consumers sell to each other, for example through auction sites. Peer-to-Peer (P2P) is another form of e-commerce that allows users to share resources and files directly.
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