History of e-Commerce

History of e-Commerce

1. The concept of electronic commerce (e-commerce) can be traced back to the 1960s, when electronic data interchange (EDI) was first introduced. EDI allowed businesses to exchange documents and information electronically, rather than through paper-based methods.
2. In 1979, Michael Aldrich, a British inventor and entrepreneur, developed the first online shopping system. His system used a television set as the display screen and a telephone as the transaction device.
3. In the 1980s, the internet was developed and started to become widely available, leading to the growth of online shopping.

4. In 1994, the first secure online transaction was completed using Mosaic and SSL. This marked a significant milestone in the development of e-commerce, as it demonstrated that it was possible to securely transmit sensitive information over the internet and paved the way for the widespread adoption of online shopping.

5. Secure Sockets Layer (SSL) is a protocol for establishing secure links between networked computers. It is commonly used to secure communication over the internet, such as when transmitting sensitive information, such as credit card numbers or personal data. SSL uses encryption to secure the transmission of data and to verify the identity of the parties involved in the communication.

6. Mosaic was a web browser that was developed in the early 1990s by the National Center for Supercomputing Applications (NCSA) at the University of Illinois at Urbana-Champaign. It was one of the first graphical web browsers and played a significant role in the popularization of the World Wide Web. Mosaic was eventually discontinued in 1997, but its legacy lives on in modern web browsers, many of which incorporate features that were first developed in Mosaic.
7. 5- In 1995, Amazon.com, now one of the largest e-commerce companies in the world, was founded by Jeff Bezos.
8. 6-In the late 1990s, the dot-com bubble saw a significant increase in the number of e-commerce companies, many of which failed during the subsequent market crash.
9. 7-In the early 2000s, e-commerce began to mature and become more widespread. Online payment systems, such as PayPal, were developed and helped to increase consumer trust in online shopping.
10. 8-In the 2010s, mobile commerce (m-commerce) became more prevalent with the widespread adoption of smartphones. This allowed consumers to shop online using their mobile devices.
11. In recent years, social media and messaging apps have also been used as platforms for e-commerce, with the use of features such as buy buttons and chatbots.
12. 10-Today, e-commerce is a major industry, with online shopping being a popular and convenient option for many consumers around the world.