History of E-Commerce provides with a detailed explanation of the different important phases and stages through which Electronic Commerce has actually evolved. History of E-Commerce also provides with important details about how Electronic Commerce began to be used as a popular online mean of economic exchange. Electronic Commerce refers to the online transaction of goods.
Electronic Data Interchange
The development of Electronic Data Interchange which is popularly known as EDI is believed to be a crucial phase so far as History of E-Commerce is concerned. EDI was invented in the 1960's and provided with a “set of standards” that enabled the big business firms to indulge in a sort of beneficial electronic transaction. It also facilitated the interchange of vital business oriented information.
Mosaic Web-Browser
The next important phase in the History of E-Commerce was the development of Mosaic web-browser in 1992. This web browser was soon given the form of a browser which could be downloaded and was named as Netscape. This further broadened the scope and possibility of electronic commercial transaction.
Other Important Developments
The development and adaptation of DSL and Red Hat Linux respectively, again benefited the process of online business transaction. The year, 2000, saw a major merger between AOL and Time Warner which marked another important step towards the development of E-Commerce. This merger proved to be very economically beneficial.
Present status of E-Commerce
The worldwide popularity of Internet has resulted in the stable development and overwhelming acceptance of E-Commerce. E-Commerce provides with a rich online transaction experience. Business-to-Business is the largest E-Commerce in the present time. Peer-to-Peer and Consumer-to-Consumer are two important types of E-Commerce.
History of E-Commerce is an important component that helps to understand Internet History better.
