In early 1970s, EC applications like electronic funds transfers (EFT) were first developed even though the extent of it was limited to large corporations and a few daring businesses. Then electronic data interchange (EDI) was invented. This technology transfers documents electronically between firms which helped companies in their dealings.
Electronics commerce has become the word in early 1990s, when the Internet became more commercialized and people from all over the world started participating in the World Wide Web.
Later in year 1992, CompuServe offered online retail products to consumers. This is the first chance given to customer to buy things off their computer.
Electronics commerce has become the word in early 1990s, when the Internet became more commercialized and people from all over the world started participating in the World Wide Web.
Later in year 1992, CompuServe offered online retail products to consumers. This is the first chance given to customer to buy things off their computer.
Netscape provided users a simple browser to surf the web in the year 1994.
In 1995, two of the biggest names in e-commerce were launched. They are Amazon.com and eBay.com. 
In fact as early as 1998, Digital Subscriber Line (DSL) provides fast Internet service to subscribers across California. It encouraged people to spend more online.
In fact as early as 1998, Digital Subscriber Line (DSL) provides fast Internet service to subscribers across California. It encouraged people to spend more online.
Then in the year 1999, retail sales over the internet had reached as high as $20 billion dollars.Near 2000, emphasis of electronic commerce (EC) shifted from Business-to-Consumer to Business-to-Business and consolidation of organisations engaging in EC started taking place.
Web 2.0The term Web 2.0 coined by Darcy DiNucci in 1999 refers to a second generation of web development and web design that led to better and new web-based communities and applications. There is an increasing presence of social-networking or video-sharing sites, wikis, blogs etc.
Traditional websites usually limit users to view content of websites and cannot modify it. However, Web 2.0 websites allow building of interactive facilities and user-friendly interface, not just retrieving information. Such websites include features like tags and keywords search that facilitate information searching, and Really Simple Syndication (RSS) that notify users of new updates.Web 2.0 technologies benefit by creating customer loyalty, online brand immersion and repeat sales. Some common examples of the technology are Google AdSense, Flickr and Wikipedia.
References:
http://newmedia.medill.northwestern.edu/courses/nmpspring01/brown/Revstream/history.htm
http://www.muslim-programers.com/5/IntroductionToeCommerce.htm
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