CommerceNet
Encyclopedia
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.
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) from the federal government (US).
The organisation was founded by Internet commerce pioneer Marty Tenenbaum. CommerceNet embarked on global studies including a controversial study 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.
In Asia, CommerceNet was active 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.
Electronic commerce
Electronic commerce, commonly known as e-commerce, eCommerce or e-comm, refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. However, the term may refer to more than just buying and selling products online...
on the Internet. The organisation initially focused on industry-wide research and programs that have advanced the commercial use of the Internet.
History
CommerceNet pioneered 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 ComputerApple Computer
Apple Inc. is an American multinational corporation that designs and markets consumer electronics, computer software, and personal computers. The company's best-known hardware products include the Macintosh line of computers, the iPod, the iPhone and the iPad...
and Sun Microsystems
Sun Microsystems
Sun Microsystems, Inc. was a company that sold :computers, computer components, :computer software, and :information technology services. Sun was founded on February 24, 1982...
, 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) from the federal government (US).
The organisation was founded by Internet commerce pioneer Marty Tenenbaum. CommerceNet embarked on global studies including a controversial study released by CommerceNet and Nielsen Media Research
Nielsen Media Research
Nielsen Media Research is an American firm that measures media audiences, including television, radio, theatre films and newspapers...
. 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.
In Asia, CommerceNet was active in five major regions: CommerceNet China (Hong Kong), CommerceNet Japan, CommerceNet Korea, CommerceNet Singapore
CommerceNet Singapore
CommerceNet Singapore is a not-for-profit organisation. It is part of the Palo Alto, California based global CommerceNet consortium of business partners that organises resources from the industry, plans and executes key strategies...
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.
Selected historic milestones
- 1994: Founded. First public demonstration of an encrypted credit-card transaction in a web browser.
- 1998: Founded CommerceNet Singapore.
- 2004: Rohit KhareRohit KhareRohit Khare is computer science entrepreneur who has been active in many aspects of the development of the World Wide Web. He is the founder of Ångströ, co-founder of KnowNow, former Director of CommerceNet Labs, and a key player in the microformats community. He holds a Ph.D. from the University...
was promoted to Director of CommerceNet. - 2005: CommerceNet helped co-found the microformatsMicroformatsA microformat is a web-based approach to semantic markup which seeks to re-use existing HTML/XHTML tags to convey metadata and other attributes in web pages and other contexts that support HTML, such as RSS...
community site.