In the first wave of electronic commerce, radio-frequency devices and smart cards were combined with biometric technologies. In the second wave of electronic commerce, Internet technologies are being integrated into B2B transactions and internal business processes by using bar codes and scanners to track parts, assemblies, inventories, and production status. The Internet technologies used in the first wave of electronic commerce were slow and inexpensive.

Question

Business

Harper Cowan

5 July, 13:36

In the first wave of electronic commerce, radio-frequency devices and smart cards were combined with biometric technologies. In the second wave of electronic commerce, Internet technologies are being integrated into B2B transactions and internal business processes by using bar codes and scanners to track parts, assemblies, inventories, and production status. The Internet technologies used in the first wave of electronic commerce were slow and inexpensive.

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Jarrett Pennington · Answer 1

b) In the first wave, Internet technologies were integrated into B2B transactions and internal business processes by using bar codes and scanners to track parts, assemblies, inventories, and production status. These tracking technologies were not well integrated, sending transaction information to each other using a patchwork of communication methods, including fax, e-mail, and EDI.

c) The Internet technologies used in the first wave of electronic commerce were slow and inexpensive. Most consumers used dial-up modems to get connected to the Internet.

Explanation:

The first wave of electronic commerce was mainly a U. S. phenomenon with the web pages in English, on commerce sites, with the e-mail as a tool for relatively unstructured communication. Investors were excited about electronic commerce, creating new enterprises, no matter the investment or the weak baseline ideas were, to have an easy access to start-up and exploit electronic commerce opportunities.

The second wave is characterized by its international scope, with sellers doing business in many countries and in many languages though translation and currency conversion are two impediments to the efficient conduct of global business. The fast increase from 12% in 2004 to 60% in 2009, in broadband connections in homes, and is a key element in the B2C component to make Internet more efficient.

In the second wave, Radio Frequency Identification (RFID) devices and smart cards are being combined with biometric technologies, such as fingerprint readers and retina scanners, to control more items and people in a wider variety of situations.

These technologies are increasingly integrated with each other and with communication systems that allow companies to communicate with each other and share transaction, inventory level, and customer demand information effectively.