The document discusses the deep web and darknet. It defines the deep web as parts of the internet not indexed by search engines where activities can be done anonymously, including potentially illegal activities. The history of the darknet dates back to the 1970s with proposals for anonymous peer-to-peer networks. Special software is required to access the darknet where identity and activities are not tracked and illegal goods like drugs and weapons can be bought and sold. The implications are that legal peer-to-peer commerce could grow but also illegal online transactions, affecting e-commerce. Trends discussed include potentially reducing illegal deep web transactions through laws while knowledge of the deep web increases.