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Michael Aldrich pioneered online shopping when he connected a modified domestic television to a multi-user transaction processing computer.
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Increased attention of internet technology has now led to its more commercial use, and is now being used beyond its means as a tool for research.
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First web page goes live on the World Wide Web. This innovates online purchases for companies everywhere as they can now control where they sell their products online.
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1994- Although Pizza Hut is often credited for the first online sale, the first item to be paid for electronically was actually a Sting record, Ten Summoner’s Tales to be exact, that had been protected by encryption technology.
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Jeff Bezos founded Amazon, one of the first businesses to sell products over the internet, which was then launched in 1995.
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Confinity, founded by Max Levchin, Ken Howery, Luke Nosek, and Peter Thiel, becomes the first online money transfer service. It is now known as PayPal.
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Ebay programs their first Application Programming Interface (API) which allows customer even easier access to their products than their website.
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Apple creates the first iPhone, the first commercial smartphone. It’s innovative interface and web browser accessibility allowed customers to shop online easily.
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Apple Pay is launched, allowing business to take mobile payments from customers with an Apple smartphone. Transactions are now quicker, and safer.
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Grocery stores such as Kroger are now offering online services that allow customers to shop without entering the store themselves.
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2020- By evaluation recent trends, The TechCrunch Network projects 90% of smartphone owners to have made a mobile payment.
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If following current patterns, there will be approximately 5 billion internet users by 2020.
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Currently 34% of online shoppers suspect to make a purchase for groceries online. I predict by 2030, 30% of online shoppers will continuously buy groceries online.
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The amount of internet users in the world is constantly fluctuating. Currently, only 46% of the world’s population has access to internet. I predict that by 2050 60% will have accessibility to the internet as well.
