Thursday, January 29, 2009
Electronic commerce also can call it as E-commerce or ecommerce is the buying and selling of goods and service on the internet throughout the world. It also can define as a modern business methodology that addresses the need of organization, merchant or consumer help to improve the quality of good and service.
History and evolution of E-commerce
Beginning, the term ecommerce meant the process of commercial transactions electronically with the technology such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT). These were both introduced in the late 1970s which give an opportunity for user to exchange the business information and do electronic transaction.
After that, internet began to advance popularity in year 1994. It took about 5 year to develop the security protocols (HTTP) and DSL that allowing rapidly access and a persistent connection to the internet. By the end of 2000, many people began to associate a word "ecommerce" with the ability of purchasing various goods through the Internet after many European and American business companies offered their services through the World Wide Web (www).
Below is the development of ecommerce from Wikipedia:-
Year 1992
J.H. Snider and Terra Ziporyn publish Future Shop: How New Technologies Will Change the Way We Shop and What We Buy. St. Martin's Press. ISBN 0312063598.
J.H. Snider and Terra Ziporyn publish Future Shop: How New Technologies Will Change the Way We Shop and What We Buy. St. Martin's Press. ISBN 0312063598.
Year 1994
Netscape releases the Navigator browser in October under the code name Mozilla. Pizza Hut offers pizza ordering on its Web page. The first online bank opens. Attempts to offer flower delivery and magazine subscriptions online. Adult materials also becomes commercially available, as do cars and bikes. Netscape 1.0 is introduced in late 1994 SSL encryption that made transactions secure.
Netscape releases the Navigator browser in October under the code name Mozilla. Pizza Hut offers pizza ordering on its Web page. The first online bank opens. Attempts to offer flower delivery and magazine subscriptions online. Adult materials also becomes commercially available, as do cars and bikes. Netscape 1.0 is introduced in late 1994 SSL encryption that made transactions secure.
Year 1995
Jeff Bezos launches Amazon.com .and the first commercial-free 24 hour, internet-only radio stations, Radio HK and NetRadio start broadcasting. Dell and Cisco begin to aggressively use Internet for commercial transactions. eBay is founded by computer programmer Pierre Omidyar as AuctionWeb
Jeff Bezos launches Amazon.com .and the first commercial-free 24 hour, internet-only radio stations, Radio HK and NetRadio start broadcasting. Dell and Cisco begin to aggressively use Internet for commercial transactions. eBay is founded by computer programmer Pierre Omidyar as AuctionWeb
Year 1999
Business.com sold for US $7.5 million to eCompanies, which was purchased in1997 for US $149,000. The peer-to-peer file sharing software Napster launches.
Business.com sold for US $7.5 million to eCompanies, which was purchased in1997 for US $149,000. The peer-to-peer file sharing software Napster launches.
Year 2002
eBay acquires PayPal for $1.5 billion. Niche retail companies CSN Stores and NetShops are founded with the concept of selling products through several targeted domains, rather than a central portal.
eBay acquires PayPal for $1.5 billion. Niche retail companies CSN Stores and NetShops are founded with the concept of selling products through several targeted domains, rather than a central portal.
Year 2008
US eCommerce and Online Retail sales projected to reach $204 billion, an increase of 17 percent over 2007.
US eCommerce and Online Retail sales projected to reach $204 billion, an increase of 17 percent over 2007.
Besides that, E-commerce also can divide into:-
E-tailing or The Virtual Storefront and the Virtual Mall
That was a place for direct retail shopping such as 24-hour availability, the ability to interact and provide custom information and ordering, and multimedia prospects, the Web is rapidly becoming a multibillion dollar source of revenue for the world's businesses.
That was a place for direct retail shopping such as 24-hour availability, the ability to interact and provide custom information and ordering, and multimedia prospects, the Web is rapidly becoming a multibillion dollar source of revenue for the world's businesses.
E-Mail, Fax, and Internet Telephony
E-commerce also conducts e-mail, fax and the emerging use of telephone calls over the Internet. Most of the Business to business, with some companies attempting to use e-mail and fax for unsolicited ads (usually viewed as online junk mail or spam) to consumers and other business prospects. An increasing number of business Web sites offer e-mail newsletters for subscribers.
E-commerce also conducts e-mail, fax and the emerging use of telephone calls over the Internet. Most of the Business to business, with some companies attempting to use e-mail and fax for unsolicited ads (usually viewed as online junk mail or spam) to consumers and other business prospects. An increasing number of business Web sites offer e-mail newsletters for subscribers.
Business-to-Business Buying and Selling
A lot of companies sell products to other companies through internet have discovered that the Web provides not only a 24-hour but also a quick way to reach the right people in a company for more information.
A lot of companies sell products to other companies through internet have discovered that the Web provides not only a 24-hour but also a quick way to reach the right people in a company for more information.
The Security of Business Transactions
Security includes authenticating business translators, controlling access to resources such as Web pages for registered or selected users, and, to ensuring the privacy and effectiveness of transactions.
Security includes authenticating business translators, controlling access to resources such as Web pages for registered or selected users, and, to ensuring the privacy and effectiveness of transactions.
Conclusion, ecommerce existence makes customer shop more convenience because they just sit in front of computer by using the mouse click the thing want to buy and then use electronic payment service to make the payment.
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