History of E commerce
Major technological advances that fuelled ecommerce growth include the development of secure payment gateways, mobile commerce, artificial intelligence, augmented reality, cloud technologies, automation, and social media integration.
1960s
Early Electronic Exchange: The concept of digital transactions began with the development of Electronic Data Interchange (EDI), which allowed businesses to exchange documents electronically.
1970s
First Online Transactions: Students reportedly used ARPANET (the internet’s precursor) to sell marijuana in 1971, and in 1979, Michael Aldrich invented the first online shopping system using a modified TV and computer.
1980's
Online Marketplaces: The Boston Computer Trade opened in 1982 as the first online marketplace for buying and selling used computers.
1990s
The World Wide Web Era: The invention of the World Wide Web by Tim Berners-Lee in 1990 paved the way for a more accessible online experience.
1994
Commercialisation and Growth: The first recorded retail transaction took place online with the sale of a CD through NetMarket.
1994
Jeff Bezos founded Amazon as an online bookstore, a significant turning point for the industry.
1995
eBay launched, establishing the online auction model.
1998
PayPal emerged, providing a secure online payment system and boosting consumer confidence.
Modern E-commerce
Today, e-commerce is ubiquitous, with companies like Amazon, Shopify and Alibaba becoming household names, though brick-and-mortar retail still plays a vital complementary role, offering a blended physical and digital experience.
Versai
The immersive commerce platform thats redefining ecommerce & retail through virtual boutiques, embedded AI assistants and clienteling tools.
History of E commerce
Major technological advances that fuelled ecommerce growth include the development of secure payment gateways, mobile commerce, artificial intelligence, augmented reality, cloud technologies, automation, and social media integration.
1960s
Early Electronic Exchange: The concept of digital transactions began with the development of Electronic Data Interchange (EDI), which allowed businesses to exchange documents electronically.
1970s
First Online Transactions: Students reportedly used ARPANET (the internet’s precursor) to sell marijuana in 1971, and in 1979, Michael Aldrich invented the first online shopping system using a modified TV and computer.
1980's
Online Marketplaces: The Boston Computer Trade opened in 1982 as the first online marketplace for buying and selling used computers.
1990s
The World Wide Web Era: The invention of the World Wide Web by Tim Berners-Lee in 1990 paved the way for a more accessible online experience.
1994
Commercialisation and Growth: The first recorded retail transaction took place online with the sale of a CD through NetMarket.
1994
Jeff Bezos founded Amazon as an online bookstore, a significant turning point for the industry.
1995
eBay launched, establishing the online auction model.
1998
PayPal emerged, providing a secure online payment system and boosting consumer confidence.
Modern E-commerce
Today, e-commerce is ubiquitous, with companies like Amazon, Shopify and Alibaba becoming household names, though brick-and-mortar retail still plays a vital complementary role, offering a blended physical and digital experience.
Versai
The immersive commerce platform thats redefining ecommerce & retail through virtual boutiques, embedded AI assistants and clienteling tools.