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18 June 2008
Electronic commerce, commonly known as e-commerce, is the process of buying, selling, transferring, or exchanging products, and/or information via computer networks, including the Internet.
The meaning of electronic commerce has changed over the last 30 years. In the 1970s, electronic funds transfer(EFT) which could be routed electronically from one organization to another. After, electronic data interchange(EDI), a technology used to electronically transfer rountine documents. It allows businesses to send commercial documents like purchase orders or invoices electronically.At the 1992, CompuServe offers online retail products to its customers. This gives people the first chance to buy things off their computer. At the 1994, Netscape arrived. Providing users a simple browser to surf the Internet and a safe online transaction technology called Secure Sockets Layer. At the 1995, two of the biggest names in e-commerce are launched: Amazon.com and eBay.com. DSL, or Digital Subscriber Line, provides fast, always-on Internet service to subscribers across California. This prompts people to spend more time, and money, online at the year 1998.
In the year 1999, the emphasis of EC shifted from B2C to B2B, and in 2001 from B2B to B2E, e-commerce, e-government, e-learning, and m-commerce. In 2005,social networks started to receive quite a bit of attention, as did 1-commerce and wireless applications.
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