Internet

Question 1

What is the role of the internet in e-commerce?

Answer 1

• Internet as the Foundation of E-Commerce: The internet serves as the fundamental platform on which e-commerce relies, connecting providers, sellers, and customers, acting as a virtual marketplace.
• Information Exchange: It facilitates the exchange of information among all parties involved in e-commerce transactions.
• Buyer-Seller Interaction: Buyers can explore products, while sellers employ marketing, attractive homepages, and user-friendly services for browsing, selection, viewing, payment, and ordering.
• Individual Online Shops: The internet allows individuals to set up their own e-commerce shops, from physical yard sales to online platforms like Facebook Marketplace.
  Global Access: People can access companies from other countries and purchase products without traveling to physical stores, enabling instant virtual shopping from the comfort of home.
• Internet as an Enabler: The internet plays a critical role as an enabler of e-commerce, making it possible and convenient for customers and businesses to interact and transact online. Without the internet, e-commerce would be vastly limited or inconceivable.

Question 2

How do versions of the Web (Web 1.0, Web 2.0, and Web 3.0) vary from one another?

Answer 2

The different iterations on Web (1.0/2.0/3.0) vary in the ways they interconnect the Web,
different users both in exchange with the Web and among themselves.

1.0 served as a one way communication between single users and the web. The web provided things to singular users at the time, there was no interchange between the two nor interchange between the different users. Web -> User

2.0 made way for interchange between the web and its users. The user not only viewed content created on the web but started exchanging information over the Web, influencing and in ways create own content. Web <-> User

3.0 connecting people all over the world, interchange between users over the web rather then the Web providing content for users. Entails the means of the web serving as a platform for user driven content where different users integrate and engage with each other. Users create content on e.g YouTube to be shared by viewers and other users on the web. The web itself has gone from producer of content (1.0) to provider of platform 3.0
User <-> User