Electronic Commerce in Society
DOI link for Electronic Commerce in Society
Electronic Commerce in Society book
In the 1980s, the Minitel was the first success in the consumer arena but was confined to France. The wireless infrastructure and the Internet have blanketed the whole planet with monetized applications as well as an economy based on freeware, with programs, applications, and advice available at no cost and free of commercial constraints, whether explicit or implicit. Electronic commerce relies on a high-quality telecommunication infrastructure with worldwide coverage. The telecommunication infrastructure includes several physical and virtual networks, overlayed or associated and managed by distinct administrative authorities. A series of participants must coordinate their interventions from one end of the connection to the other to ensure successful exchanges. The modern monetary system was freed of the material support by replacing it with a generalized system of trust based on continuous growth. Monetary creation was absolutely limited by the scarcity of materials to be exchanged or of precious metals for minting coins.