HISTORY OR ORIGIN OF E-COMMERCE

 History or origin of E-commerce

 This term was coined and first employed by Dr Robert Jacobson. He was principal consultant to California state assembly's utilities and commerce committee. E-commerce is about the buying and selling of goods and services on the internet. It is a modern technology that addresses the need of the organization, customers, improving quality of products and services, and provide the wider range to the business because it spread the business in the global market. It is a business, conducting online with the help of websites, apps, social media etc. It also includes online services like banking and insurance, stock exchange etc. 

 IBM was the first company who used the term internationally. In the 1972, IBM used the term called E-business. First successful transaction is held between USA and European union in 1973. 

 There have been several steps in the history or e-commerce. From it’s initial face to its development till now. Some of them are given below: -

The first step comes from the development of EDI ( electronic data interchange). EDI is the set of standards, developed in 1960 to exchange the business and do electronic transactions.

 - In 1971 or 1972, the ARPANET is used to arrange a cannabis sale between students at the Stanford Artificial Intelligence Laboratory and the Massachusetts Institute of technology.

 - 1976- Atalla Technovation ( founded by Mohamed Atalla) and Bunker Ramo corporation (founded by George Bunker and Simon Ramo) introduce products designed for secure online transaction processing, intended for financial institutions.

 - 1079- Michael Aldrich demonstrates the first online shopping system. 

- 1984- the ASCX12 Standard become stable and reliable in transferring large amount of transactions.

 - 1990- Tim Berners-Lee writes the first web browser, World Wide Web. 

 - 1992- the next major step occurs in this year, when Mosie web browser makes available. It was the first point and click browser. 

 - 1994- Ipswich IMail server becomes the first software available online for sale and immediate download.

 - 1995- the first commercial-free 24 hours, internet-only radio station. Radio HK and NetRadio start broadcasting. 

 - 2000- in February 2000, hackers attack on some major players of E-commerce including Yahoo and Amazon. These attacks show the need of improved security for the development of electronic commerce in future. 

 E-commerce is a vast platform for grow. So, it is developing day by day. It helps to conduct traditional business in new ways. It helps in transferring and processing information automatically. Information is electronically transferred from one computer to another in an automated way. It is a paperless exchange of business information using EDI, Email, EPT etc. 

The most popular area of it is Business to consumer (B2C) and others are: Business to Business ( B2B), Consumer to consumer ( C2C ), Peer to peer ( Network to Network ), M-commerce etc.