CHAPTER 1
Internet Era: E-Commerce
This chapter does not intend to bore you with history and old-age content. Quite the contrary; we want to fast forward to new-age technology and e-commerce core concepts. However, it is essential to understand the basic yet prominent building blocks of the field of commerce before we dig into the new era. To grasp e-commerce, you need to understand the following concepts:
- Commerce
- Payment
- Distributed computing
Commerce and payment both have a much longer history than distributed computing, but that's the beauty of e-commerce; it is where the old world meets the new world! We are going to discuss how payment worked in the old days, and then describe how it operates now.
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