Timeline




A timeline for the development of e-commerce:

  • 1971 or 1972: The ARPANET is used to arrange a cannabis sale between students at the Stanford Artificial Intelligence Laboratory and the Massachusetts Institute of Technology, later described as "the seminal act of e-commerce" in John Markoff's book What the Dormouse Said.
  • 1972: Mohamed M. Atalla files a patent for a secure transaction system over telecommunications networks, utilizing encryption techniques to assure telephone link security, a precursor to Internet-based e-commerce.
  • 1976: Atalla Technovation (founded by Mohamed Atalla) and Bunker Ramo Corporation (founded by George Bunker and Simon Ramo) introduce products designed for secure online transaction processing, intended for financial institutions.
  • 1979: Michael Aldrich demonstrates the first online shopping system.
  • 1981: Thomson Holidays UK is the first business-to-business (B2B) online shopping system to be installed.
  • 1982: Minitel was introduced nationwide in France by France Télécom and used for online ordering.
  • 1983: California State Assembly holds first hearing on "electronic commerce" in Volcano, California. Testifying are CPUC, MCI Mail, Prodigy, CompuServe, Volcano Telephone, and Pacific Telesis. (Not permitted to testify is Quantum Technology, later to become AOL.)
  • 1984: Gateshead SIS/Tesco is first B2C online shopping system and Mrs Snowball, 72, is the first online home shopper
  • 1984: In April 1984, CompuServe launches the Electronic Mall in the US and Canada. It is the first comprehensive electronic commerce service.
  • 1989: In May 1989, Sequoia Data Corp. Introduced Compumarket, the first internet based system for e-commerce. Sellers and buyers could post items for sale and buyers could search the database and make purchases with a credit card.
  • 1990: Tim Berners-Lee writes the first web browser, WorldWideWeb, using a NeXT computer.
  • 1992: Book Stacks Unlimited in Cleveland opens a commercial sales website (www.books.com) selling books online with credit card processing.
  • 1993: Paget Press releases edition No. 3 of the first app store, The Electronic AppWrapper
  • 1994: Netscape releases the Navigator browser in October under the code name Mozilla. Netscape 1.0 is introduced in late 1994 with SSL encryption that made transactions secure.
  • 1994: Ipswitch IMail Server becomes the first software available online for sale and immediate download via a partnership between Ipswitch, Inc. and OpenMarket.
  • 1994: "Ten Summoner's Tales" by Sting becomes the first secure online purchase through NetMarket.
  • 1995: The US National Science Foundation lifts its former strict prohibition of commercial enterprise on the Internet.
  • 1995: Thursday 27 April 1995, the purchase of a book by Paul Stanfield, Product Manager for CompuServe UK, from W H Smith's shop within CompuServe's UK Shopping Centre is the UK's first national online shopping service secure transaction. The shopping service at launch featured W H Smith, Tesco, Virgin Megastores/Our Price, Great Universal Stores (GUS), Interflora, Dixons Retail, Past Times, PC World (retailer) and Innovations.
  • 1995: Amazon.com is launched by Jeff Bezos.
  • 1995: eBay is founded by computer programmer Pierre Omidyar as AuctionWeb. It is the first online auction site supporting person-to-person transactions.
  • 1995: The first commercial-free 24-hour, internet-only radio stations, Radio HK and NetRadio start broadcasting.
  • 1996: The use of Excalibur BBS with replicated "Storefronts" was an early implementation of electronic commerce started by a group of SysOps in Australia and replicated to global partner sites.
  • 1998: Electronic postal stamps can be purchased and downloaded for printing from the Web.
  • 1999: Alibaba Group is established in China. Business.com sold for US$7.5 million to eCompanies, which was purchased in 1997 for US$149,000. The peer-to-peer filesharing software Napster launches. ATG Stores launches to sell decorative items for the home online.
  • 1999: Global e-commerce reaches $150 billion
  • 2000: The dot-com bust.
  • 2001: eBay has the largest userbase of any e-commerce site.
  • 2001: Alibaba.com achieved profitability in December 2001.
  • 2002: eBay acquires PayPal for $1.5 billion. Niche retail companies Wayfair and NetShops are founded with the concept of selling products through several targeted domains, rather than a central portal.
  • 2003: Amazon.com posts first yearly profit.
  • 2004: DHgate.com, China's first online B2B transaction platform, is established, forcing other B2B sites to move away from the "yellow pages" model.
  • 2007: Business.com acquired by R.H. Donnelley for $345 million.
  • 2014: US e-commerce and Online Retail sales projected to reach $294 billion, an increase of 12 percent over 2013 and 9% of all retail sales. Alibaba Group has the largest Initial public offering ever, worth $25 billion.
  • 2015: Amazon.com accounts for more than half of all e-commerce growth, selling almost 500 Million SKU's in the US.
  • 2017: Retail e-commerce sales across the world reaches $2.304 trillion, which was a 24.8 percent increase than previous year.
  • 2017: Global e-commerce transactions generate $29.267 trillion, including $25.516 trillion for business-to-business (B2B) transactions and $3.851 trillion for business-to-consumer (B2C) sales.

Comments

Post a Comment

Popular posts from this blog

10)71st Republic Day 2020 highlights| Beating retreat ceremony with Attari-Wagah border on Republic Day

India Republic Day -- India celebrates it is 71st Republic Day these days. On this day in 1950the Constitution of India came into force. The Republic Day paradewhich is considered as the main attraction of the days celebrationwas held along Rajpath. It was a 90-minute event. Brazilian President Jair Bolsonaro was the chief guest at the parade. Before the parade started outPrime Minister Narendra Modi paid tribute at the Countrywide War Memorial and Chief executive Ram Nath Kovind unfurled the national flag together with General Manoj Mukund NaravaneChief of the Army PersonnelAdmiral Karambir SinghFundamental of the Naval StaffMarshal Rakesh Kumar Singh BhadauriaChief of the Air Personnel. 5 41 PM WIRD PM Narendra Modi gets to Rashtrapati Bhawan for At home reception hosted through President Ram Nath Kovind. 5 12 pm WIRD Beating retreat ceremony with Attari-Wagah border on Republic Day. 4 36 pm IST Air India Redirects 30000 National Red flags To Passengers On Republic Day The
Read more

Distribution channels

E-commerce has grown in importance as companies have adopted pure-click and brick-and-click channel systems. We can distinguish pure-click and brick-and-click channel system adopted by companies. Pure-click or pure-play companies are those that have launched a website without any previous existence as a firm. Bricks-and-clicks companies are those existing companies that have added an online site for e-commerce. Click-to-brick online retailers that later open physical locations to supplement their online efforts. E-commerce may take place on retailers' Web sites or mobile apps, or those of e-commerce marketplaces such as on Amazon, or Tmall from AliBaba. Those channels may also be supported by conversational commerce, e.g. live chat or chatbots on Web sites. Conversational commerce may also be standalone such as live chat or chatbots on messaging apps and via voice assistants.
Read more

Global trends

Image
In 2010, the United Kingdom had the highest per capita e-commerce spending in the world. As of 2013, the Czech Republic was the European country where e-commerce delivers the biggest contribution to the enterprises´ total revenue. Almost a quarter (24%) of the country's total turnover is generated via the online channel. Among emerging economies, China's e-commerce presence continues to expand every year. With 668 million Internet users, China's online shopping sales reached $253 billion in the first half of 2015, accounting for 10% of total Chinese consumer retail sales in that period. The Chinese retailers have been able to help consumers feel more comfortable shopping online. e-commerce transactions between China and other countries increased 32% to 2.3 trillion yuan ($375.8 billion) in 2012 and accounted for 9.6% of China's total international trade. In 2013, Alibaba had an e-commerce market share of 80% in China. In 2014, there were 600 million Internet users in Ch
Read more