Historical Development of Electronic Commerce 35269

Historical Development of Electronic Commerce 35269

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The meaning of the term "electronic commerce" has changed over time. Actually, "electronic commerce" meant the facilitation of commercial transactions electronically, usually using technology like Electronic Data Interchange (EDI, introduced in the late 1970s) to send commercial papers like purchase orders or invoices electronically.

Later it came to include actions more correctly called "Web commerce" -- the purchase of goods and services around the world Wide Web via protected computers (note HTTPS, a unique machine process which encrypts secret ordering information for customer protection) with e-shopping carts and with electric pay services, like bank card payment authorizations.

When the Web first became well-known among the average man or woman in 1994, many journalists and commentators estimate that e-commerce would soon develop into a important economic sector. Nevertheless, it took about four years for security protocols (like HTTPS) to become sufficiently developed and widely deployed (during the browser wars of the time). Eventually, between 2000 and 1998, a substantial quantity of firms in the Usa and Western Europe developed standard Web sites.

Even though a large number of "pure e-commerce" companies disappeared during the dot-com collapse in 2000 and 2001, many "brick-and-mortar" retailers begun to add e-commerce capabilities for their The web sites and acknowledged that such companies had determined useful niche markets. Like, following the fall of online grocer Webvan, two old-fashioned supermarket organizations, Albertsons and Safeway, both started ecommerce subsidiaries through which people might purchase groceries online. Dig up supplementary resources on this related URL - Click here: http://markets.financialcontent.com/bostonherald/news/read/37861917.

As of 2005, e-commerce has become well-established in major cities across much of Western Europe, The United States, and certain East Asian countries like South Korea. Browsing To Emerging E-commerce Culture Bad for Environment, Warns Augusto Beato seemingly provides lessons you can give to your cousin. However, ecommerce is is almost nonexistent in lots of Third World countries, and still rising slowly in some industrialized countries.

Electronic commerce has infinite potential for both developing nations and developed, giving lucrative profits in a very unregulated environment.. To get different ways to look at this, we recommend you check-out: http://www.kasa.com//Global/story.asp?S=40074952.

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