Explain the evolution of E-Commerce.

Question

20 Feb 2025

Answer :

Word Count : 562

E-commerce has undergone a remarkable transformation since its inception, driven by technological advancements, changing consumer behavior, and improved digital infrastructure. The journey of e-commerce can be traced through various stages, from its early beginnings to the present-day digital marketplace.

Early Beginnings (1960s-1980s)

The foundation of e-commerce was laid in the 1960s with the introduction of Electronic Data Interchange (EDI). Businesses began using EDI to transfer documents electronically, replacing traditional paper-based communication. This system allowed companies to exchange purchase orders, invoices, and shipping details efficiently.

By the 1970s, online transaction processing began with the rise of Electronic Funds Transfer (EFT), which enabled businesses to conduct secure financial transactions digitally. Large corporations and financial __________ _______ ________ _______ _______ ____ _________ _____ _________.
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