The History and evolution of E-commerce

Electronic Commerce is also known as e-commerce, it consists of the buying and selling of products or services over electronic system such as the Internet and other computer networks. E-commerce was began soon after Samuel Morse sent his first telegraph message in 1844s,after that it expanded across the sea when they used for exchanged information from the New York market, linked Europe and North American in 1858s.

In 1970s, they using technology such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) for businesses to sent commercial documents like purchase orders or invoices electronically. The growth of the environment, the e-commerce having credit cards, automated teller machines (ATM), telephone banking services and auto manufacturers. Besides that, Sabre was form the airline reservation system and Michael Aldrich form the online shopping in UK in the 1980s.

From the 1990s onwards, electronic commerce would additionally include enterprise resource planning systems (ERP), data mining and data warehousing. In 1990s, Tim Berners-Lee writes the first web browser and WorldWideWeb (WWW). In 1994s, Netscape release the Navigator browser under the code name “Mozilla”. Therefore, the first online bank opens and Pizza Hut offers pizza ordering on its Web page. Adult materials also become commercially available such as do cars and bike. Netscape 1.0 is introduced the Secure Sockets Layer (SSL) encryption that made transaction secure. In 1995s, Jeff Bezos launches Amazon.com and the first commerce-free 24 hours, internet-only radio stations. Beside that, Dell and Cisco begin to aggressively use Internet for commercial transaction and Pierre Omidyar form the eBay as auction web. In 1998, the electronic postal stamps can be purchased ans downloaded for printing from the web.

In 1999s, Darcy DiNucci was coined “Web 2.0”, Web 2.0 refer to a second generation of the web development and design, it is characterized as facilitating communication, information sharing, interoperability, user-centered design and collaboration on the “WWW”.

In 2000, there was the bottom fell out the dot-com industry and hundreds of dot-com companies went bankrupt. In 2001, the e-commerce was growing back. In 2007, Bussiness.com acquired R.H.Donnelley , who is a telephonedirectory publisher. In last year, US e-commerce and Online Retial sales projected to reach $204 million and an increase of 17% over 2007.

Reference source:
http://www.answers.com/topic/electronic-commerce#Dictionary_ans
http://www.answers.com/topic/web-2-0#Blogs_ans
http://www.timetoast.com/timelines/5448