Create Money On Line - Historical Development of Electronic Commerce

Introduced in the late 1970s) to send commercial documents like purchase orders or invoices electronically, usually using technology like Electronic Data Interchange (EDI, "electronic commerce" meant the facilitation of commercial transactions electronically, originally. The meaning of the term "electronic commerce" has changed over time.

Like credit card payment authorizations, a special server protocol which encrypts confidential ordering data for customer protection) with e-shopping carts and with electronic pay services, later it came to include activities more precisely termed "Web commerce" -- the purchase of goods and services over the World Wide Web via secure servers (note HTTPS.

A substantial number of businesses in the United States and Western Europe developed rudimentary Web sites, between 1998 and 2000, subsequently. It took about four years for security protocols (like HTTPS) to become sufficiently developed and widely deployed (during the browser wars of this period), however. Many journalists and pundits forecast that e-commerce would soon become a major economic sector, when the Web first became well-known among the general public in 1994.

Both started e-commerce subsidiaries through which consumers could order groceries online, albertsons and Safeway, two traditional supermarket chains, after the collapse of online grocer Webvan, for example. Many "brick-and-mortar" retailers recognized that such companies had identified valuable niche markets and began to add e-commerce capabilities to their Web sites, although a large number of "pure e-commerce" companies disappeared during the dot-com collapse in 2000 and 2001.

And is practically nonexistent in many Third World countries, e-commerce is still emerging slowly in some industrialized countries, however. And certain East Asian countries like South Korea, western Europe, e-commerce has become well-established in major cities across much of North America, as of 2005.

Offering lucrative profits in a highly unregulated environment, electronic commerce has unlimited potential for both developed and developing nations.