A Brief History of E-Commerce

A Brief History of E-Commerce

-A Brief History of E-Commerce- The early 1970s was the beginning of the implementation of electronic commerce, with the advent of the Electronic Fund Transfer sort of innovation (EFT). When the rate of application is still limited to major corporations, financial institutions, and a handful of small companies are desperate. Then came the Electronic Data Interchange (EDI), which evolved from the financial transaction to another transaction processing as well as increase the number of

participating companies, financial institutions began to companies manufacturing, retail, services, and so on. Other applications followed, which has a range of company stock to travel reservation system. At that time the system is referred to as the strategic value of telecommunication applications that are well known in general. With the commercialization of the Internet in the early 1990s, and the rapid growth to reach millions of potential customers, then comes the term electronic commerce (e-Commmerce), a rapidly growing application immediately. E-Commerce Research Center at the University of Texas who studies the company in 2000 to 72% from $ 99.8 billion to $ 171.5 billion. In 2002, over one trillion dollars in revenue generated from the internet.
One reason for the rapid development of these technologies is the development of networks, protocols, software, and specifications. Another reason is the increased competition and other business pressures.
From 1995 to 1999 we have witnessed a variety of innovative applications, from advertising to the auction and virtual reality experience. Almost every medium and large organizations in the United States has had its own website. There were very large; for example, in 1998, General Motors Corporation (www.gm.com) offers 18,000 pages of information that includes 98,000 links to various products, services and dealer-dealers.