Background And Background Of E-Commerce

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Background of E-commerce Electronic commerce or e-commerce is the buying and selling of products and services via the internet. Nowadays the thought of living without e-commerce seems complicated, unfathomable and inconvenience for many. Internet and the virtual companies are changing traditional economic way and making competition ever fiercer than it has ever been in the past. History of E-commerce • E-commerce was introduced forty years ago and, continues to grow with new innovations, technologies and thousands of businesses entering the online market each year. The user experience, safety and convenience of e-commerce has enriched exponentially since its origin in the 1970’s. • Paying the way of electric commerce was the development of the Electronic Data Interchange (EDI). EDI replaced the traditional mailing and faxing documents with a digital transfer of data form one computer to another. •…show more content…
• In 1991, Tim Berners along with his friend Robert developed URL, HTML and HTTP. When the National Science Foundation lifted its restrictions on commercial use of the NET, the internet and the online shopping saw remarkable growth. • Though there were many hesitations and concerns with online shopping, with the development of a security protocol, the Secure Socket Layers (SSL)-encryption certified by Netscape in 1994 provide a safe means to transmit data over the internet. • The largest online retailer in the world Amazon launched in 1995. • Another major e-commerce website is eBay and it launched in 1995. (Mivacom,
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