The history and evolution of E-commerce

Electronic commerce, commonly known as e-commerce .It consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks.
In the early development, the meaning of electronic commerce has changed over the last 30 years. Originally, electronic commerce meant the facilitation of commercial documents like purchase order or invoices electronically. The growth and acceptance of credit cards, automated teller machines (ATM) and telephone banking in the 1980s were also forms of electronic commerce. From the 1990s onwards, electronic commerce would additionally include enterprise resource planning systems (ERP), data mining and data warehousing.
Although the Internet became popular worldwide in 1994, it took about five years to introduce security protocols allowing continual connection to the Internet. And by the end of 2000, a lot of European and American business companies offered their services through the World Wide Web.
E-Commerce was birth out of the World-Wide-Web (WWW). Although many people use the terms WWW and Internet interchangeably, the WWW is just one of the many services available on the Internet. While the Internet was developed in the late 1960s, the WWW came into existence more than a decade ago. Since then, however, it has grown phenomenally to become the most widely used service on the Internet.Although the Web has made online shopping possible for many businesses and individuals, in a broader sense, e-commerce has existed for many years. For decades, banks have been using electronic funds transfer (EFT),which are electronic transmissions of account exchange information over private communication networks. Businesses also have been engaging in a form of electronic commerce, known as electronic data interchange (EDI), for many years.
Indeed, e-commerce has evolved from online billboards to a fully functional, personalized shopping experience over the past decade. While there were admittedly a few bumps along the road, the path from 1994 through the 2004 holiday shopping season is full of crucial milestones of Internet pioneers and technology innovators.