History of E-Commerce

Early Development of E-Commerce

When we talk about electronic commerce first we have to know what the history of electronic commerce is. The meaning of electronic commerce has been changed since thirty years. initially, electronic commerce means the assistance of commercial dealings electronically, using technology such as Electronic Funds Transfer (EFT) and Electronic Data Interchange (EDI). These were equally introduced in the late 1970s, permitting trades to send profitable documents such as invoices and purchase orders electronically. The enlargement and receipt of credit cards, automated teller machines (ATM) and telephone banking in the 1980s were also types of e-commerce. One more type of electronic commerce was the airline booking system epitomize by Sabre in the USA and Travicom in the UK. Purchasing through internet was introduced in the UK in 1979 by Michael Aldrich and during the 1980s it was used widely mainly by auto producers such as Peugeot-Talbot, General Motors, Ford and Nissan. Since 1990s onwards, e-commerce would also incorporate enterprise resource planning systems (ERP), data mining and data warehousing.

The initial model of many-to-many e-commerce in physical products was the Boston Computer Exchange, a marketplace for used computers began in 1982. The first internet information marketplace, including online consulting, was expected the American Information Exchange, one more pre-Internet online system introduced in 1991.

Till 1991, commercial enterprise on the Internet was severely banned. Though the Internet turned into well-liked around the world in 1994, it took concerning five years to bring security protocols and DSL allowing repeated connection to the Internet. And by the end of 2000, a group of European and American trade companies offered their services by the World Wide Web. Since then people started to connect a word "eCommerce" with the capability of buying different goods through the Internet using protected protocols and electronic payment services.
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