continues even after the product has History of e-commerce e-commerce began before personal computers were prevalent and has grown into a multi-billion dollar industry, but where did it come from? By looking at the evolution of e-commerce, it will be easier to judge its trends for the future. Year Event EDI, or electronic data interchange, was standardised through ASC X12.* This guaranteed that companies would be able to complete transactions with one another reliably. ‘Compuserve’ offers online retail products to its customers.
This gives people the first chance to buy things off their computer. Netscape arrived. Providing users a simple browser** to surf the internet and a safe online transaction technology called Secure Sockets Layer.*** Two of the biggest names in e-commerce are launched: Amazon.com and e-Bay dot. com DSL, or Digital Subscriber Line, provides fast, always-on Internet service to subscribers across California.
This prompts people to spend more time, and money, online. Retail spending over the Internet reaches $ billion, according to Business.com. The U.S government extended the moratorium on internet taxes until at least . Source: Glossary of e-commerce Terms, * American Standard Code for Information Interchange (ASCII): A widely used and internationally recognised coding system to represent characters in a standard way.
ASCII is commonly used for storage within computer systems, and for exchange between them. ** Browser: The generic term for software programs that retrieve, display, and print information on World Wide Web. The most popular browsers are Microsoft Internet Explorer, Netscape Navigator and Mosaic. Mosaic was the first browser to introduce graphics.
Previously, users were only allowed to view the text of web pages. *** Secure Socket Layer (SSL): SSL was designed by Netscape for use in electronic commerce for transactions involving confidential information such as credit card numbers. Secure Socket Layer uses a system of public and private key authentication combined with other schemes to verify electronic signatures. The ability to conduct secure and confidential transactions over the internet is critical to the success of electronic commerce.
Public key is the password that the sender uses to encrypt the data and the private key is used by the receiver of a message to decrypt the data. been sold. B2C commerce, therefore,