What is commerce and e-commerce? Is there any differences? Basically, there is a slightly different. Commerce is the exchange of items between persons or companies. It is an exchange of money for a product, service or information. In early times, people trade their goods with neighbours or others for the goods that they needs. Both parties must meet their requirements then the transactions can be done.
Electronic Commerce is known as e-commerce. There many definition that can define e-commerce. According to Turban, 2008, e-commerce is defined as the process of buying, selling or exchanging products, services and information via computer networks. In other words, it means buying or selling of goods and services over the Internet. People from the earliest times have already engaged in commerce. It has been carried on in some areas and by some people in special geographical, technological or economic advantages.
At the beginning, electronically transactions were conducted with the help of the leading technologies, such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT). EDI and EFT were both introduced in 1970s and its development gave an opportunity to the users to do business activities and exchange business information electronically. Its ability allowed users to do electronically transactions easily and faster. Although EDI has definitely developed but due to its different format, many companies have not been benefited.
In 1992s, the Mosaic web-browser becomes the first ‘point and click’ browser because it quickly adapted into a downloadable browser and Netscape allowed accessing to E-commerce easily. But then, the development of DSL was allowed quicker access and a persistent connection to the Internet.
As times goes by, the development of Red Hat Linux was another E-commerce growth. Linux gave users another choice in a platform other than Windows that was reliable and open-source.
Let’s take a look at the table how development attributed to the growth of ecommerce:
Year | Events |
1970 | Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) were introduced and gave an opportunity to the users to do business activities and exchange business information electronically easily and faster. |
1990 | The first web browser, World Wide Web by using a NeXT computer wrote by Tim Berners-Lee. |
1992 | CompuServe offers online retail products to its customers which gives people the first chance to buy things off their computer. |
1994 | Netscape released the Navigator browser under the code name Mozilla. It is a user friendly and a safe online transaction technology called Secure Sockets Layer (SSL). |
1995 | Amazon.com and eBay.com were launched in e-commerce. |
1998 | Digital Subscriber Line (DSL) provides fast, always-on Internet service to subscribers across |
1999 | According to Business.com, retail spending over the Internet reached $20 billion. |
2000 | The dot-com disaster. |
2003 | Amazon.com had its first yearly profit. |
2007 | R.H. Donnelley acquired Business.com at $345 million. |
2008 | US eCommerce and Online Retail sales projected to reach $204 billion which is 17 % increased in 2007. |
In a nutshell, the concept of e-commerce is all about using the Internet to do business activities and exchange information faster and easier. It gives customers control in accessing to the computer systems and does commercial transactions electronically. Today’s e-commerce is growing and improving that concerning a great number of ecommerce-lovers. It has gained so much popularity because its underlying technologies are evolving where people can make an order, choose the payment and shipping method and wait the order is delivered to your house.
Sources from:
http://en.wikipedia.org/wiki/E_commerce
http://www.ecommerce-journal.com/articles/electronic_commerce_aka_e_commerce_history
http://www.ecommerce-land.com/history_ecommerce.html
http://en.wikipedia.org/wiki/NeXT_Computer
http://www.ecommerce-land.com/today.html
http://en.wikipedia.org/wiki/NeXT_Computer
5 comments:
oh this is how evolution of e-commerce ... due to advanced in technology, we can now do anything without worry ... when i was small, i need to write letter or make phone call to my grandma but now we only need a 3G phone to make a video call...it enable to see each other faces via 3G ... it is so convenient.
thanks for your comment ... ya, now with high-tech technology ... we can do anything without worry ... even i can chit chat and send documents or email to my friends or relatives via hotmail or yahoo ... so easy and fast
wau....technology really change very fast lo..
i still remember last time i use netscape as search engine and now change to mozila..
n last time we need purchase from the physical shop n now can purchase online without leaving our house....good good...
Time really run very fast. E-commerce really make our life easy and just stay at home online shopping with a computer connect to the Internet. My friend bought a Dell laptop last week. The transaction is done via online and she got the laptop within a week. It is so convenient and can get the goods immediately.
e-commerce is convenient not wrong, but the security is tat reali strong enuf to protect all customers details???technology advancement reali help us a lot but oso create many illegal action oh..such as hacking. is it reali a good thing for us to hav the improvement in technology??
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