History of E-commerce




 E-commerce began before personal computers were prevalent and has grown into a
multi-billion do...
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History of e commerce

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History of e commerce

  1. 1. History of E-commerce E-commerce began before personal computers were prevalent and has grown into a multi-billion dollar industry, but where did it come from? By looking at the evolution of e-commerce, it will be easier to judge its trends for the future. Year Event EDI, or electronic data interchange, was standardized 1984 through ASC X12. This guaranteed that companies would be able to complete transactions with one another reliably. Compuserve offers online retail products to its customers. 1992 This gives people the first chance to buy things off their computer. Netscape arrived. Providing users a simple 1994 browser to surf the Internet and a safe online transaction technology called Secure Sockets Layer. Two of the biggest names in e-commerce are launched: 1995 Amazon.com and eBay.com. DSL, or Digital Subscriber Line, provides fast, always- on Internet service to 1998 subscribers across California. This prompts people to spend more time, and money, online. Retail spending over the Internet reaches $20 billion, 1999 according to Business.com. The U.S government extended the moratorium on Internet 2000 taxes until at least 2005.

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