CommerceNet

This MedLibrary.org supplementary page on CommerceNet is provided directly from the open source Wikipedia as a service to our readers. Please see the note below on authorship of this content, as well as the Wikipedia usage guidelines. To search for other content from our encyclopedia supplement, please use the form below:

CommerceNet is a 501(c)6 organization established in 1994 to promote electronic commerce on the Internet. The organisation initially focused on industry-wide research and programs that have advanced the commercial use of the Internet.

CommerceNet had played a direct role in pioneering some of the Internet industry's first milestones including secure transactions and XML messaging. The Silicon Valley-based coalition was backed earlier by companies like Apple Computer and Sun Microsystems, had set up an Internet shopping center allowing individuals and businesses to offer their wares and services via CommerceNet's easy-to-use software. The shopping service uses licensed security technology to protect credit card numbers from electronic theft. It got $6 million in TRP funding (Technology Reinvestment Project) by the Clinton Administration.1

The organisation was founded by Internet commerce pioneer Dr. Jay M. Tenenbaum. The vision was to transform the Internet into the "CommerceNet," which may be conceived as an open network of businesses exchanging services with each other. CommerceNet from its onset, served as a unique business forum that fosters worldwide collaboration and advances the rapid and real-time exchange of business information over the Internet.

CommerceNet is known to have embarked on global studies including a controversial study2 released by CommerceNet and Nielsen Media Research. The study in 1998 found that the rapid increase of Internet users age 16 and older rose 16 percent in North America in nine months, and the number of online consumers jumped 40 percent over the same period. This study was believed to had fueled tech stock prices in 1999.3

In Asia, CommerceNet made its presence felt from the late 90s with market visibility and presence in five major regions: CommerceNet China (Hong Kong), CommerceNet Japan, CommerceNet Korea, CommerceNet Singapore and CommerceNet Taiwan. CommerceNet Asia was credited to coordinate and published the first Pan-Asian E-Commerce Survey across national boundaries in 1999. The Survey Report was translated into Japanese, Korean and Chinese.

Contents

History

  • 1994: Founded. First public demonstration of an encrypted credit-card transaction in a web browser.
  • 1998: Founded CommerceNet Singapore.
  • ...
  • 2004: Rohit Khare was promoted to Director of CommerceNet.
  • 2005: CommerceNet helped co-found the microformats community site microformats.org.

See also

External links

Notes

  1. ^ "UNCLE SAM FUNDS MR. WIZARD". Fortune (May 16, 1994). Retrieved on 2008-10-19.
  2. ^ "Online buying takes off". CNN Money (Oct 9, 1998). Retrieved on 2008-10-19.
  3. ^ "Techs ignore Compaq warning". CNN (June 17, 1999). Retrieved on 2008-10-19.

Wikipedia content modification information:

  • This page was last modified on 19 October 2008, at 04:30.

Wikipedia Authorship and Review

Wikipedia content provided here is not reviewed directly by MedLibrary.org. Wikipedia content is authored by an open community of volunteers and is not produced by or in any way affiliated with MedLibrary.org.

Wikipedia Usage Guidelines

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article on "CommerceNet".

The URL for this specific entry is:

All Wikipedia text is available under the terms of the GNU Free Documentation License. (See Copyrights for details). Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc.