History and Evolution of E-Commerce

The most popular activities in the internet website is Web shopping.E-commerce has benefit the seller to use information technology to done the business process.E -commerce become possible since year 1991 when the internet is open for commercial use.

When year 1984, the term ecommerce meant the process of execution of commercial transactions electronically with the help of the leading technologies such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) which gave an opportunity for users to exchange business information and do electronic transactions.

In year 1992,one of a America website name Compuserve has offers online retail products to its customers. This gives people the first chance to buy things off their computer.

After that, Nestcape arrived in year 1994. Nestcape has providing users a simple browser to surf the Internet and a safe online transaction technology called Secure Sockets Layer.

After a year which mean year 1995,amazon.com and ebay.com is created and this two website is the biggest names in e-commerce.This two websites become more popular from one year to another year.This is because seller can post their product details and photos in the website and easy for the buyer to lauched it.

In year 1998,DSL or Digital Subscriber Line is created.It provides fast, always-on Internet service to subscribers across California. This prompts people to spend more time, and money, online.

According to Business.com,retail spending over the Internet reaches $20 billion in year 1999.More people using internet to done business.

Today, the largest electronic commerce is Business-to-Business (B2B). Businesses involved in B2B sell their goods to other businesses. In 2001, this form of e-commerce had around $700 billion in transactions.