Signs of the Times
Electronic Commerce is defined by Webster’s Dictionary as using computer networks to conduct business, including buying and selling online, electronic funds transfer, business communications, and using computers to access business information resources. The Electronic Commerce Association describes electronic commerce as ‘doing business electronically’. More precisely we could describe electronic commerce as involving the exchange of information using a combination of structured messages (EDI), unstructured messages (e-mail and documents), data access and direct support for business processes across the value chain. The Internet is only a small fraction of e-commerce applications. Intranets, Electronic Data Interchange (EDI) and Enterprise Resource Planning (ERP) systems all contribute to business to business marketing, operations and financial services (Wareham, 2000). The Internet was designed to be used by government and academic users, but now it is rapidly becoming commercialized. It has on-line "shops", even electronic "shopping malls". Customers, browsing at their computers, can view products, read descriptions, and sometimes even try samples. They could pay by credit card, transmitting the necessary data by modem; but inte
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Some common words found in the essay are:
MITs Kerberos, Planning ERP, Internet Electric-money, Commerce Association, Data Interchange, Websters Dictionary, Commercial R&D, electronic commerce, Electronic Commerce, electric money, secure hash, consumers merchants, spending habits, Electronic Data, authentication anonymity divisibility, security authentication, anonymity divisibility, kerberos server, electronic data, authentication anonymity, electronic data interchange, security authentication anonymity,
Approximate Word count = 1150
Approximate Pages = 5 (250 words per page double spaced)
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