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E-commerce is the activity of buying or selling of products and services online or over the internet. 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. Online financial exchanges for currency exchanges or trading purposes. 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.
1993: Paget Press releases edition No. 1994: Netscape releases the Navigator browser in October under the code name Mozilla. 0 is introduced in late 1994 with SSL encryption that made transactions secure. 1995: The US National Science Foundation lifts its former strict prohibition of commercial enterprise on the Internet. 1996: IndiaMART B2B marketplace established in India. 1996: ECPlaza B2B marketplace established in Korea. 1998: Electronic postal stamps can be purchased and downloaded for printing from the Web.
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