Saturday, June 20, 2009

~ History of E-Commerce ~


Electronic commerce or e-commerce (EC) can be defined as a process of buying, selling, transferring, or exchanging products, services or information through computer networks and Internet.

HISTory....
In
1970, Electronic fund transfer (EFT) and Electronic Data Interchange (EDI) have been introduced to facilitate commercial transaction ellectronically. EFT enables the financial institution and organization to transfer their fund to their suppliers, employees, customers and etc. Whereas, EDI allows companies exchange of document such as purchase order, invoice and etc.

In 1980, credit card, automated teller machine (ATM) and telephone banking have been introduced to the world. There are also considere as a form of e-commerce. In addition, airline reservation system is also a form of e-commerce. For example, AirAsia and MAS are the airline company in Malaysia that has been implemented airline reservation system. The advantages for this system are it can save time, save cost, and user friendly.

From the 1990 onwards, electronic commerce include enterprise resource planning systems (ERP), data mining and data warehousing.

There are 3 common types of e-commerce which is B2B, B2C, and C2C.

1. Business-to-Business (B2B) - all participants are businesses or organizations. For example, Dell and its suppliers.

2. Business-to-Consumer (B2C) - Participants are businesses and individual. For example, customer buy computer from Dell's website.

3. Consumer-to-Consumer (C2C) - All participants are individuals. For example, auction between individuals at lelong.com .

There is a lot of changes in e-commerce over 30 years. This may cause by the technology keep on changing and the needs and requirements for e-commerce has increased.

As a conclusion, e-commerce plays an important role in our life!!!

Additional information:

1 comment:

  1. quite clear cut, understanding the history of e-commerce could help in developing and improving the e-commerce in the future, so that we would not repeat the same mistake that had happened.

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