E-Commerce Evolution

2011 Words9 Pages
Evolution of E-Commerce E-commerce has become one of the most prevalent changes in the way we do business today. Businesses, before the creation of the web, were typically at a physical location where customers could come, browse, try-on, and purchase goods and services. Some of the disadvantages of this business model were: customers restricted by location, the need for larger amounts of inventory, larger retail space, and more employees to cover customer-service. E-commerce began with the advent of the Internet and started as billboards for information and advertisement purposes. Then as technology developed through the early 1980s, it grew into e-mail purchasing (Compuserve). From there, the World Wide Web, internet browsers…show more content…
The company evolved into the 3-rd party distribution market which allowed vendors to sell their products through Amazon’s web store and with Amazon handling the transactions for a per-sale commission. This allowed for smaller vendors, who might not have the technological capabilities and expertise to sell their products over the web, to take advantage of the many advantages this new technology offered. One-click shopping was invented as was point-to-point tracking, where the customer could watch how the shipping of their package progressed. But because of the inherent complexity of these on-line systems, bad coding practices, rapid evolution of technology, constant demand of the consumer and the predatory nature of hackers, security is becoming harder and harder for businesses to guarantee. Security With the advent of Electronic Funds Transfer (EFT), which transferred money between accounts; and the Electronic Data Interchange (EDI), where business forms, purchase orders, invoices and other information can be shared electronically; the advent of vulnerabilities in ecommerce also became a reality. In 1985 the first retail electronic banking system was offered and subsequently hacked. In the 1990s, the use of Credit Cards on the internet led to hackers intercepting emails and web forms to harvest these numbers by the millions. This vulnerability lead to the development of SSL
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