History and evolution of e-commerce

Well, let me give a short brief about E-Commerce. E-Commerce also know as Electronic Commerce, is the buying and selling of products and services over the Internet. Much like traditional commerce, there is an exchange of goods, instead of at the location of the store, it conducted online and make use of technologies such as electronic data interchange, email, electronic fund transfers or smart cards to receive payment and keep track of transactions.

Ecommerce shall create products and services with the best possible quality we can deliver, which innovatively helps individuals and businesses, humans, to focus themselves on their core businesses.Besides, It must be each individual’s personal request to eliminate any source of wastefulness and therefore seek for the highest possible usefulness.

At the close of the 20th century, the bulk of e-commerce transactions were retail transaction as security and encryption technology over the Internet improved. The explosive growth in e-commerce is largely due to the expansion of the Internet in the late 1990s. Soon, companies like eBay created a new aspect of e-commerce: the C2C transaction.

Nowaday, E-Commerce became the ideal medium for markets to experiment with adjustments in their store environments and promotions to reach the most effective target market. Companies can use the information they get from their e-commerce sites to find out what products are selling, where the bulk of their customers come from, and what promotions & sales bring in the most consumers. In conclude I believe, it will become main medium that connect all people around the world in future.

website that can be refer: http://www.iit.edu/~peacjen/ecommerce/background.htm