Thursday, June 12, 2008

The history and evolution of E-commerce


The word 'history' means a continuous, systematic narrative of past events as relating to a particular people, country, period, person and so on. As for the history of e-commerce, it dates back to the invention of the very old notion of “sell and buy”, electricity, cables, computers, modems, and the Internet. Ecommerce became possible in 1991 when the Internet was opened to commercial use. Since that date thousands of businesses have taken up residence at web sites. 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.
The E-commerce sites running HTML have paved the way for more complex and dynamic web sites that tie together processes from order-entry to inventory control to financial record keeping. this means that the wireless devices are now being web enabled and for conducting business to consumer E-commerce transactions. The examples of E-commerce sites are such as E-bay, Amazon.com, Lelong.com and so on. As for me,I usually surf E-bay to see the latest fashion clothes and to purchase online. This help me to save my time as I do not need to go to the store to purchase.With E-commerce, it helps consumers to save time and hassle free from puchasing the products they wants.

No comments: