E-commerce is a transaction of buying or selling online. Modern electronic commerce typically uses the World Wide Web for at least one part of the transaction’s life cycle although it may also use other technologies such as e-mail. There are e commerce and cyber security pdf areas of e-commerce: online retail, electric markets, and online auctions.
E-commerce is supported by electronic business. Online financial exchanges for currency exchanges or trading purposes. 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. 1979: Michael Aldrich demonstrates the first online shopping system.
1981: Thomson Holidays UK is the first business-to-business 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.
Not permitted to testify is Quantum Technology, later to become AOL. 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.