The history and Evolution of E-commerce

The first thing that we can think of E-commerce is buying things online, going as far as just sitting at home and using online transaction.
In the past when technologies weren’t so advance, business information and electronic transactions were being transferred by Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT). As the technology carries on, business companies and organizations to send commercial documentation electronically. However it is not publicly used as the security protocols weren’t very safe.

As the internet or World Wide Web(WWW) began to hit the public in 1994, internet protocols such as HTTP and DSL needed around four years to develop its security protocols so online transaction will be safer. In the early 20th century, more advance countries such as the Unite States and Western Europe, there were a lot of business companies represented their services over the World Wide Web. As such, the term of ecommerce changed into the process of buying available goods and services over the Internet using secure connections and electronic payment services.

Amazon and Ebay are the first among internet companies to have electronic transactions. They are famous for trading things online and the advantage of selling goods over the World Wide Web with no retail outlets and no middlemen has been admired by a lot of customers and imitated by a great number of ecommerce businesses.