Verified Document

History Of The Internet And E-Commerce Essay

Chronology of the Internet's Development When the internet search titan Google stated a "mission to organize the world's information and make it universally accessible and useful," this vision statement encapsulated both the scope of the company's strategic objective, and the supremacy of the online age in modern society. Founded in 1998 by Stanford University Ph.D. students Larry Page and Sergey Brin, Google has since emerged as the global leader in the facilitation of online advertisement, e-commerce directories and, of course, internet search capability. Instantaneously locating the information cited above was made possible via Google's immensely powerful search engine, a fact which only serves to emphasize the possibilities to be derived when a successful company develops a strong identity within the arena of e-commerce. The concept of "universally accessible" knowledge is quite novel within the confines of human civilization, and yet Google's ubiquity in the exchange of goods and services leaves one with the sense that this once-impossible goal is now eminently attainable. Since its founding, Google has derived the vast majority of its revenue from dominating the realm of online advertising, as the overwhelming majority of modern consumers rely on the search engine to locate products they wish to procure.

1. Google, Inc. "Form 10-K, Annual Report, Filing Date Jan 26, 2012." Retrieved from Securities and Exchange Commission website.

During the internet's conceptual infancy the idea of establishing a network of computer users was purely strategic in nature, as researchers from the U.S. Department of Defense and their counterparts abroad worked to develop instantaneous communication via electronic computing. Soon afterward, however, a glimmer of the commercial opportunities waiting to be unleashed was seen, as the prototype ARPANET was used to facilitate the sale of cannabis between students at the Stanford Artificial Intelligence Laboratory and the Massachusetts Institute of Technology. This exchange of goods for legal currency was widely regarded as the "seminal act of e-commerce,"2 a phrase coined by author John Markoff. During the early 1980s a number of initial forays into experimental e-commerce activity were made in European nations, including the advent of online ordering via the French Minitel telecommunication network in 1982. Soon enough California led the way in terms of American legislative response to e-commerce,...

When Tim Berners-Lee developed the programming code for the first web browser in 1990, his innovation launched the age of the World Wide Web, providing consumers with convenient access to the previously complex and convoluted online marketplace. By 1992, a Cleveland-based company called Book Stacks Unlimited began operating the commercial website www.books.com, becoming one of the first entities to offer credit card processing to conduct payment, and unwittingly providing an early model for modern e-commerce success stories Amazon and PayPal.
2. "Online highs are old as the net: the first e-commerce was a drugs deal." The Guardian, April 19, 2003. http://www.theguardian.com/science/2013/apr/19/online-high-net-drugs-deal (accessed March 22, 2014).

The release of Netscape Navigator 1.0 in 1994 brought with it the advent of SSL encryption methods, a process which was used to secure online transactions and thus expand the appeal of a previously niche activity to the masses. By the time Jeff Bezoz created Amazon.com in 1995, the template for e-commerce as we know it today was firmly established, with online shopping providing consumers with continuous access to affordable goods and services, convenient shipping options, and the freedom to make purchases on an anonymous basis. Since that time, companies like the online auction site eBay.com, travel agent replacement Expedia.com and product clearinghouse Zappos.com have sprung up to fill the ever-growing demand for e-commerce in the digital age.

As e-commerce has evolved in recent years, the concept of storing information on disk drives or other physical means has given way to the concept of cloud computing. A more thorough comprehension of cloud computing, and its relevance to the field of e-commerce, has emerged upon consideration of the evidence presented by contemporary research. Despite having roots in the emergence of mainframe computing technology in the 1950s, cloud computing as we know it today has only recently been developed and refined, with the online commerce titan Amazon introducing a widespread cloud-based architecture to streamline its internal operations following the post-2000 dot-com bubble, which forced surviving companies to adapt their practices or succumb to the dire economic realities of the era.…

Sources used in this document:
Bibliography

Chaudhury, Abhijit, and Jean-Pierre Kuilboer. E-business and E-commerce Infrastructure:

Technologies Supporting the E-business Initiative. McGraw-Hill Higher Education,

2001.

Google Inc. "Form 10-K, Annual Report, Filing Date Jan 26, 2012." Retrieved from Securities
and Exchange Commission website. Retrieved from http://pdf.secdatabase.com/44/0001193125-12-025336.pdf
Guardian, April 19, 2003. http://www.theguardian.com/science/2013/apr/19/online-high-
Cite this Document:
Copy Bibliography Citation

Related Documents

Ecommerce Although Everyone Seems to Understand That
Words: 496 Length: 2 Document Type: Essay

Ecommerce Although everyone seems to understand that ecommerce can be used to bolster ecommerce sales, a study by the Harvard Business Review found that only 12% of businesses feel that they are using social media effectively (Mills, 2014). There is some debate about the usefulness of social media in terms of direct marketing campaigns but no one seems to debate its utility as an extension of customer service or building brand

Internet Taxation in the U.S.A.
Words: 2431 Length: 6 Document Type: Term Paper

Internet Taxation in the U.S.A. Controversy revolves around the taxation of Internet sales activity and Internet access. The question generating this controversy is: Should the Internet be a tax-free zone in the United States? On the side supporting at least a moratorium on Internet taxation are the some members of the Federal Government and some business people. Opposing a completely tax-free zone are some of the state governors and local government

How E-Commerce Began
Words: 657 Length: 2 Document Type: Term Paper

History Of E-Commerce Information Systems For most users of e-commerce, it is a relatively young practice. People who have more than just a superficial knowledge of the history of modern technology know that there were a number of leaps and bounds made in this area in the 1990s. Yet, the quiet history of e-commerce began not in the 1990s, but in the 1960s. In the early days of e-commerce, the parties able

Internet and Global Finance Strategies
Words: 5161 Length: 20 Document Type: Research Paper

Internet and Global Finance Strategies Within the present competitive business environment, firms are continuously looking for various strategies to be ahead of their competitors and achieve competitive market advantages. Many firms have identified that internet technology is a powerful tool to enhance competitive market advantages. The traditional organizations have identified that internet is a powerful tool to deliver value to customer and presently, the internet technology has enabled firms to coordinate

Internet Security, Risks Internet Security Presents Field
Words: 4724 Length: 15 Document Type: Essay

Internet Security, risks internet security presents field information technology implementing solutions address challenges. The paper 15 pages length ( including title reference page). 1. Title Page: Include, paper title, title, instructor's, date. Internet security In today's advanced technological world, online users are faced with a myriad of problems and risks. Any online user is vulnerable to Trojans, viruses, worms, spyware, and malware. The user is exposed to sniffers, spoofing software, and phishing.

E-Commerce and Business Process
Words: 2340 Length: 6 Document Type: Term Paper

E-Commerce and Business Process E-Commerce Defined E- commerce as modern business methodology Characteristics of internet and traditional markets Benefits of E-commerce Critical Success Factors of E-commerce E-commerce applications Types of E-commerce business models Security and legal issues Apple Company and E-commerce Business and E-Commerce Implementation of E-commerce Conventional market approach vs. modern market approach E-Commerce Applications Types of E-Commerce models E- commerce defined: E-commerce is broadly described as "utilizing online sources as well as tools to perform business in a far better way - more effectively

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now