The history and evolution of E-commerce

Hi to all my dearest friends. Welcome to my second post and thanks for reviewing my post. Today, i would like to share a very interesting fact with all of you. I guess most of you will have plenty of questions about E-commerce, right? Questions such as do all of you know what is E-commerce, how does E-commerce function, what is the history and evolution of E-commerce are filling in the minds now. Well,I will explain all the uncertainties to all of you. Electronic commerce is a growing aspect of business community that formally in the use of digital transactions between and among businesses and individuals. In other words, E-commerce is in the use of the Internet to conduct business.

Next, let me explain on the history and evolution of E-commerce. E-commerce is initially emerged from the Electronic Data Interchange (EDI). There are several important steps involved in the history of E-commerce. The first step came from the development of EDI. EDI is a set of standard that created in the 1960's for the purpose of exchanging business information and do electronic transactions. At first there is several dissimilar EDI formats that can be used and this disallows companies to interact with each other, but in 1984 the ASC X12 standard become stable n reliable in transferring large volume of transactions.

The second step happens in 1992 when the Mosaic web-browser which was the first "point and click" browser was made available. Mosaic web-browser quickly adapt itself into Netscape, a download able browser that allow easier access to E-commerce. The third step is the development of DSL. The development of DSL is very important to the evolution of E-commerce because it allows faster access and a persistent connection to the Internet. Christmas of 1998 and development of Red Hat Linux were two of the major steps in the evolution of E-commerce.

However, most critical step was in the year 2000, when a major merger was created between Time Warner and AOL. The merger which worth $350 millions was brought together a major online company with a traditional company. Unfortunately, in February 2000, some major players of E-commerce such as Yahoo,Amazon and etc were attacked by hackers.


Today, the largest E-commerce is Business to Business (B2B). Other varieties growing today are Consumer to Consumer(C2C), and Peer to Peer(P2P). Lastly, i wish this post will give some knowledge to all of you about E-commerce. Please stay tune for more interesting fact from me. Thanks you.