Wednesday, January 21, 2009

The story begins…………
Year 2002
My family bought the first computer to me when I’m in form four. At that time, I use my computer mostly for doing an assignment and most of the time is playing game (not online game). Sometime I may use it to surf internet. Due to nothing to see and search, I seldom log in to it. The frequency I’m log in to the internet is “once in the blue moon”.

Year 2007
As an undergraduate student, I’m now having my personal laptop (bought using my PTPTN). Now for me, the usage of my laptop is to surf internet. It become one of my routine to log in into the internet to search for the information for my assignment, check my email, playing online games and also connecting with my friend who are scattered all around the world through MSN. For a girl, shopping is one of the most favorite activities. However I dislike walking out of my house. Mainly because of the traffic jam and the cost of the fuel and the most important no “friend” accompany. (Shopping alone very boring). With the today technology I can even shopping around the world (no need take airplane and car). What I need is only a computer with internet. I can buy the things and pay it through online. The frequency I’m log into internet “all the time, anywhere at any place” (if nothing to do).

Year 2009
Now I’m year three and having e-commerce subject. Due to the e-commerce assignment (which is in a group), I started to find the information about the e-commerce to understanding more in order to do my assignment
.

Let us start the topic of the ecommerce with


The full name of E-commerce is called electronic commerce. It was founded late in the 1970’s. It meant the facilitation of commercial transactions (“buy and sell”) electronically. The first way came from the development of the Electronic Data Interchange (EDI). EDI is invented in 1960’s however; many companies still couldn’t do business electronically with each other because there were different EDI formats. Eventually, in 1984, EDI was replaced by ASC X12, a protocol developed by the American National Standards Institute in 1979. It is for sharing business documents and information electronically. It is helped companies to carry out their dealings in more reliable manner than the international trade (import and export) and global sourcing. It also enabled the business firms to indulge in a sort of beneficial electronic transaction and facilitated the interchange of vital business

Eight years later, the next important phase in the History of E-Commerce was the development. In 1992, Mosaic web-browser was developed and it designed a downloadable browser called Netscape in 1999. Napster, an online application used to share music files for free. This expands the scope and possibility of electronic commercial transaction.
The development and adaptation of DSL and Red Hat Linux benefited the process of online business transaction. DSL allowed quicker access and a persistent connection to the Internet. For Linux, it gave users another platform other than Windows which was reliable and open-source.

In 1995, it marked the beginning of two giants of Amazon and EBay which were famous in these days have of their names synonymous with Internet use and e-commerce. They are the pioneers when it comes to selling online. These companies change the face of the Internet, as well as the way we buy things.

Today, the history of e-commerce has moves forward. There are numbers of payment options and abilities from PayPal (electronic debit from a bank account or by a credit card) to e-Checks (electronic check payment method) to credit cards to systems of barter. It is not restricted to consumer items and novelties. There also Web sites where you can order groceries for home delivery or you can order pizza dinner online as well. With e-commerce, it is possible to find specialty items for almost anyone. It also making it possible to find nearly anything you want, and have shipped directly to you.

Early 2000, there is major merger between AOL and Time Warner which is another important step towards the development of E-Commerce. This merged bring economically beneficial.
In February 2000, hackers attacked some major e-commerce host, including Yahoo, EBay and Amazon. In these incidents, the needs to improved security become crucial in the development of electronic commerce.

Apart from that, we will see a larger presence of traditional companies, such as Wal-Mart, on the Internet. It is believed that the companies will take this mixed strategy of having stores online and offline in order to be success and compete.

Today the largest electronic commerce is Business-to-Business (B2B) which is online businesses selling to Businesses. In 2001, this form of e-commerce had around $700 billion in transactions. Other varieties growing today include Consumer-to-Consumer (C2C) where consumers sell to each other, through auction sites. Another form of ecommerce is Peer-to-Peer (P2P) allows users to share resources and files directly.

E-commerce’ sales continue to grow in the next few years. In the end of 2007, e-commerce sales accounted for 3.4 percent of total sales. In 2008, the domain Amazon.com attracted about 615 million customers every year. The most popular feature of the web site is the review system that gives the ability for visitors to submit their reviews and rate for any product on a rating scale from one to five stars.

The discovering the convenience of shopping from home by people, it’s clear that the history of e commerce isn’t a closed book, but will continue to change as online shopping becomes more and more popular in the future.

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