Thursday, June 18, 2009
The History and Evolution of e-commerce
Electronic Commerce, commonly known as (eletronic marketing) e-commerce consists of the buying and selling of products and services over electronic systems such as internet and other computer network. Therefore, the amount of trade conducted electronically has grown extraordinarity with widespread internet usage.
History of e-commerce dates back to the invention of the very old notion of "sell and buy". 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.
In 1969, the internet began life as an experiment by the U.S government, and its initial users were a largely technical audience of government agencies and academic researchers and scientists. Besides that, 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. The ability to use these technologies appeared in the late 1970s and allowed business companies and organizations to send commercial documentation electronically.
In 1994, internet began to advance in popularity among the general public. However, it look four years to develop the security protocols (for example, HTTP) and DSL which allowed rapid access and a persistent connection to the internet.
In 2000, a great number of business companies in the United Stated and Western Europe represented their services in the World Wide Web. At this time the meaning of the word ecommerce was changed. Moreover, social network started to receive quite a bit of attention. as did wireless application in 2005.

Genealogical Publishing Company was an early adopter of e-commerce sales and marketing in the early history of the internet. Their ecommerce site had been re-written several times on different platforms including Cold Fusion and Microsoft ASP. The site had been custom written with little documentation and was primarily supported by only one developer. The company recognized the need to add functionality and more sophisticated search engine optimization tools (SEO) to increase internet sales.
"Web 2.0" refers to what is perceived as a second generation of web development and web design. It is characterized as facilitating communication, information sharing, interoperability, user-centered design and collaboration on the World Wide Web. Web 2.0 websites allow users to do more than just retrieve information. Users can own the data on a Web2.0 site and exercise control over that data.The popularity of the term Web2.0 along with the increasing use of blogs, wikis and social network technologies. Many of these 2.0s refer to Web 2.0 technologies as the source of the new version in their respective disciplines and areas.
In conclusion, ecommerce has expanded from B2B to B2C, C2B and C2C in recently years. Nowadays, more and more organization are started to conduct their business through internet such as McDonald, Public Bank, and Ambank which provides on-line payment. It can save our time and transportation cost to make order or payment. However, security issues may always happen in an internet world. Therefore, more attention needs to be emphasized in that aspect to light up the future of ecommerce.
Labels: Task 2
9:44 PM