CHAPTER 1 DATES_ITEMS Flashcards
______________________________
● 1960s – Electronic Data Interchange (EDI) was developed, allowing businesses to exchange documents electronically.
● 1979 – Michael Aldrich built the first online shopping platform using videotex. Modified TV set hooked to a telephone line. The platform failed.
● 1982 – Boston Computer Exchange became the first online marketplace, selling used computers. They used minitel.
● 1989 – Tim Berners-Lee invented the World Wide Web, paving the way for e-commerce websites.
Foundations of E-Commerce
___________________________
● 1991 – The Internet became publicly available, enabling online transactions.
● 1994 – Netscape introduced SSL encryption, securing online payments.
● 1995 – Amazon and eBay were launched,
revolutionizing online retail and auctions.
● 1998 – PayPal was founded, making online payments more secure and convenient.
● 1999 – Alibaba launched, becoming a major B2B e-commerce platform.
Birth of Online Shopping
_______________________
● 2000 – The dot-com bubble burst, but strong e-commerce players survived.
● 2005 – Amazon Prime was introduced, offering fast shipping and boosting online shopping.
● 2008 – Apple App Store launched, paving the way for mobile commerce (m-commerce).
● 2009 – Bitcoin was introduced, opening possibilities for cryptocurrency transactions.
E-Commerce Goes Mainstream
_____________________________________
● 2010 – Instagram and Pinterest launched, influencing online shopping trends.
● 2011 – Google Wallet launched, enhancing digital payments.
● 2015 – Amazon launched Alexa, integrating AI into shopping experiences.
● 2016 – Shopify grew, enabling businesses to set up online stores easily.
● 2018 – TikTok gained popularity, later influencing social commerce.
Rise of Mobile & Social Commerce
________________________________________
● 2020 – The COVID-19 pandemic accelerated online shopping, with grocery delivery and e-learning surging.
● 2021 – Live streaming e-commerce became a major trend in China and expanded globally.
● 2022 – Metaverse shopping and AI-powered
recommendations gained traction.
● 2023 – TikTok Shop and social commerce grew significantly, changing how people shop online.
● 2024 & Beyond – Trends like voice commerce, drone deliveries, AI-driven personalization, and blockchain-based transactions continue to shape the
future of e-commerce.
E-Commerce Boom & Future Innovations
Electronic Data Interchange (EDI) was
developed, allowing businesses to exchange documents electronically.
1960s
– Michael Aldrich built the first online shopping platform using videotex. Modified TV set hooked to a telephone line. The platform failed.
1979
– Boston Computer Exchange became the first online marketplace, selling used computers. They used minitel.
1982
– Tim Berners-Lee invented the World Wide Web, paving the way for e-commerce websites.
1989
– The Internet became publicly available, enabling online transactions.
1991
– Netscape introduced SSL encryption, securing online payments
1994
– Amazon and eBay were launched,
revolutionizing online retail and auctions.
1995
– PayPal was founded, making online payments more secure and convenient.
1998
– Alibaba launched, becoming a major B2B
e-commerce platform.
1999
The dot-com bubble burst, but strong
e-commerce players survived.
2000
Amazon Prime was introduced, offering fast
shipping and boosting online shopping.
2005
Apple App Store launched, paving the way for
mobile commerce (m-commerce).
2008
Bitcoin was introduced, opening possibilities for cryptocurrency transactions.
2009
Instagram and Pinterest launched, influencing online shopping trends.
2010
– Google Wallet launched, enhancing digital
payments.
2011
– Amazon launched Alexa, integrating AI into
shopping experiences.
2015
– Shopify grew, enabling businesses to set up
online stores easily.
2016
– TikTok gained popularity, later influencing social commerce.
2018
The COVID-19 pandemic accelerated online
shopping, with grocery delivery and e-learning surging.
2020
– Live streaming e-commerce became a major trend in China and expanded globally.
2021
Metaverse shopping and AI-powered
recommendations gained traction.
2022
TikTok Shop and social commerce grew
significantly, changing how people shop online.
2023
Trends like voice commerce, drone
deliveries, AI-driven personalization, and
blockchain-based transactions continue to shape the future of e-commerce.
2024 & Beyond
