The history of eCommerce isn't solely attention-grabbing but has proven to be one amongst the best developments of humankind over time. eCommerce also known to as electronic commerce, can be used to refer to the act of conducting business transactions and communication over electronic device such as computers. It involves the buying and selling of goods and services over digital communication networks and encompasses electronic transactions such as good cards and electronic money transfers.
There was a heap of confusion concerning the difference between eCommerce and e business. To explain the distinction between the 2, one can need to appear at the style and placement in that the business is conducted. E business involves the conducting of business over internet networks. It's purely an web affair and encourages shopping for, selling and collaboration with partners online thus that not like eCommerce where the business is conducted at a specified location, e business is conducted on-line anywhere and anytime. This distinction as we tend to will see later has its pertaining to the history of eCommerce.
The primary kind of eCommerce was conceived in the late twentieth century when electronic technology was used for the transfer of data and for conducting business transaction between different business entities. The enabling technologies at the time were the electronic funds transfer and also the electronic data interchange. Drawing from this part of the history of eCommerce, several businesses came up with ways through which they might expand their influence within the market and these efforts and innovation gave birth to what are currently used as automatic teller machines (atm's), credit cards and phonephone banking systems.
A time went by and with the introduction of high-speed net connections and relevant security mechanisms; the history of eCommerce was quick tracked for the business plan to become what's it's today. More businesses and particularly those among the banking industry saw a lot of growth over short periods of time. But, the eCommerce businesses experienced their lowest points during the 'dot-com' collapse that saw a nice number of net businesses crumble to their knees.
Calm was restored a few years later when most of the companies and particularly those in europe began to embrace eCommerce. History was written once once more when business transactions, driven by the desire to serve the increasing worldwide client service demands and irrespective of size and nature were conducted over the internet. The foremost outstanding corporations during this time were amazon, ebay and dell that despite conducting small net transactions have grown to become the most formidable electronic business entities in the history of eCommerce.
eCommerce has created life abundant easier than it had been 2 centuries ago. It has taken under consideration how busy life has become thus that not many folks fancy the luxury of shopping from one store to a different without any time constraints. Buyers are currently ready to buy for whatever they need simply by a click of a button. You're additionally in a position to check costs of goods and services from stores worldwide but from the comfort of your home. Like all things sensible, eCommerce has enlightened most folks on the importance of technology. It has conjointly created it doable for businesses to understand just how much a simple invention will modification the face of your business. Such is the history of eCommerce.
Author Resource:
Jeff Patterson has been writing articles online for nearly 2 years now. Not only does this author specialize in E-Commerce, you can also check out his latest website about
![[Valid RSS feed]](http://www.look4articles.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
![[Valid RSS feed]](http://www.look4articles.com/images/rss.jpg "XML Feed For RSS")