Originally, electronic commerce meant the facilitation of commercial transactions electronically, using Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) in the late 1970s, allowing businesses to send commercial documents like purchase orders or invoices electronically. After that, the credit cards, automated teller machines (ATM), online airline reservation, and telephone banking in the 1980s were also known as types of electronic commerce. From the 1990s onwards, electronic commerce would additionally include enterprise resource planning systems (ERP), data mining and data warehousing. Online shopping was invented in the UK in 1979 by Michael Aldrich and during the 1980s it was used extensively particularly by auto manufacturers such as Ford, Peugeot-Talbot, General Motors and Nissan.
Perhaps it is introduced from the Telephone Exchange Office, or maybe not. The earliest example of many-to-many electronic commerce in physical goods was the Boston Computer Exchange, a marketplace for used computers launched in 1982. The first online information marketplace, including online consulting, was likely the American Information Exchange, another pre-Internet online system introduced in 1991.
Although the Internet became popular worldwide in 1994, it took about five years to introduce security protocols and DSL allowing continual connection to the Internet. And by the end of 2000, a lot of European and American business companies offered their services through the World Wide Web. Since then people began to associate a word "ecommerce" with the ability of purchasing various goods through the Internet using secure protocols and electronic payment services.
Reference:
http://en.wikipedia.org/wiki/Electronic_Commerce
1. There are too many links in the post which can be very confusing and irritating for the reader.
ReplyDelete2. Normally this happen in the wiki's post.
3. Paragraph spacings were inconsistent.
4. I would prefer if you can write the post using your own word rather than copy and paste the whole article from the source. You can read, understand and then write in your own words or opinion on the story/article selected. Copy and paste directly from the source is consider plagiarism.
5. If you want to cite some of the quotation from the source, kindly acknowledge the source of the article (e.g. the link of the article or website)