Friday, January 30, 2009

The history and evolution of E-Commerce


In the 21st century, one of the most popular and common activities on the Web is shopping. The reason contribute to this is because you can shop at your leisure, anywhere, anytime, and even when you are wearing your pajamas provided you have the computer with Internet connection facilities. Therefore, people from all around the world can have trading activities or exchange of goods with each other, and this is what people call E-Commerce.

The term e-commerce meant the processof commercial transaction being executed electronically with the help of the leading technologies such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) in the late 1970s. E-commerce became possible in 1991 when the Internet was opened to commercial use. The year of 1995 could not be forgotten as it marked the beginning of two giants in the e-commerce business - Amazon and eBay, which do not need any introduction these days.

Indeed, e-commerce has evolved from online billboards to a fully functional, personalized shopping experience over the past decade. While there were admittedly a few bumps along the road, the holidat shopping season from 1994 through 2004 is full of crucial milestones of Internet pioneers and technology innovators.

As we are the online users, we will buy some goods through the Internet as well. this has created more choices for us which are not only limiting to our country's borders.

From e-commerce's history and evolution, we know that as technologies change, e-commerce have attracted a lot of customer to purchase their goods online conveniently.

Therefore, we must thank Amazon and eBay's founders for their effort that make buying and selling through the Internet an enjoyable experience.

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