In the last decade, the online shopping industry has shown maximum growth. The whole idea of bringing the entire global market place on your computer screens has won tons of appreciation all around the world. With the help of e-commerce websites, you can now buy products from any brand or manufacturers from anywhere in just a few seconds.
It is needless to mention about the sensation that these online shopping platforms have created, but do you know how it all began? Well, it is a long journey starting from just a sketchy idea to becoming a world-wide success. In this blog, we bring a brief account on the history of online market and how it evolved.
Let’s take a read!
It was in the year 1959, when a few companies started providing electronic transaction as an alternative mode of payment to its buyers especially to the overseas ones. This idea made it possible for the buyers to interact with international markets which proved to be a stepping stone.
Despite being a groundbreaking strategy, it wasn’t meant for common people or small buyers so its growth stopped after a point. Then came a man named Michael Aldrich who pioneered the whole business. In 1979, while taking a stroll through a supermarket, Michael saw the store keeper talking on phone and noting down the list of items his wife wanted him to bring while returning home and this gave Aldrich an idea to connect the providers to buyers via phone or any other source of communication like T.V. He went home and connected his phone to the television set and started a grocery business that can take orders through call. The first ever online service came into action.
The Complete Timeline
Here is the whole turn of events that took place from 1979 to till date that made online shopping a global leader. Take a look!
Various companies started following Aldrich and one of them was Thomson which was a British travel firm. It brought together a group of tour guides and started the first online service company that helped people who visited England regarding travel. Then a French company that invented mini computers started providing online shopping help to its users via phone directories and website database. Soon the e-mail sensation hit the world, enabling people to order products through Internet mailing.
Now that the online industry was booming, developers started providing help regarding software management for the firms that provided services to its users. In the year 1990, the World Wide Web came which changed the complexion of the whole business. It allowed all the websites to have a common address on the Internet but it also brought along a few other threats like transaction failures and theft. But in 1994, almost after four years an encryption system was launched for all the websites that made the whole operation safe as ever.
Well, in these last two decades, the world of Internet has shown a tremendous growth and online shopping which used to be a computer affair has now become operable on mobile phones as well. The transactions are now protected by 128-bit encryption system and the services have become more advanced and safer.
Hope you liked reading this informative blog on account of online shopping business history.
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