Ecommerce History: You Should Know

E-commerce History



1979



In 1979, Michael Aldrich (English inventor) invented online shopping (a technique known later as e-commerce) to make online transaction possible processing between business to consumers and business and another.



1984



Electronic data interchange (EDI), was standardized through ASC X12. This guaranteed that companies would be able to complete transactions with one another reliably.



1987



The first electronic merchant account was created by Swreg.

It was created so that software developers could sell their

solutions online.



1992



Compuserve offers online retail products to its customers. This gives people the first chance to buy things off their computer.



1994



Netscape Navigator released their browser. SSL encryption became a reality. Pizza Hut had the first recorded Internet sale, the 1st online bank opened, the first e-commerce solutions are built for merchants to sell online, and the first ever email spam occurred.



1995



Two of the biggest names in e-commerce are launched:

Amazon.com and eBay.com. Craigslist launched and

VeriSign launched as a way to verify merchants online



2000



The U.S government extended the moratorium on Internet taxes until at least 2005. Retail spending over the Internet reaches $20 billion,

according to Business.com.



2007

Google Adwords surpassed $20 billion in revenue. US

Broadband users reached 190+ million, which aided in e-commerce success for small and large companies.



2012



Reached $200 billion in ecommerce sales, an increase of 10

percent over 2010, Because of the new e-commerce trends like

mobile commerce, social commerce, group buying, and

private sample sale sites.





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