Electronic Commerce can be defined as the “use of electronic transmission mediums (telecommunications) to engage in the exchange, including buying and selling of products and services requiring transportation either physically or digitally from location to location” As expected electronic commerce requires the digital transmission of transaction information. E-commerce is the use of electronic information technology for the business transactions such as displaying catalogues, selling and buying goods and services, processing, payments, etc. Once the data has been processed, it cannot be altered or changed. This ensures that the blockchain is unalterable as if any change which is made to the chain of blocks will be reflected throughout the entire network and will be detected easily.
Although blockchainÂ is considered to be a foundational technology, other exciting technologies have been derived from it. Further explore these technologies by continuing with one of our other Ultimate Guide to Understandingâ€ web resources on CryptocurrencyÂ or Smart Contracts.
Although Web services technologies around UDDI, SOAP andWSDL have added a new value to the current IT environments in regards to the integration of distributed software components using web standards, they cover mainly characteristics of syntactic interoperability.
A combination of software, sensors, and the network facilitates an exchange of data between objects and mechanisms. The Connet network meets Cisco’s standards for running converged services such as voice, video, and data. This approach is embodied in a continuous-delivery model where cross-functional IT teams automate systems and optimize processes to be able to release and iterate on software quickly.
Technology (“science of craft”, from Greek Ï„ÎÏ‡Î½Î·, techne, “art, skill, cunning of hand”; and -Î»Î¿Î³Î¯Î±, -logia 2 ) is the sum of techniques , skills , methods , and processes used in the production of goods or services or in the accomplishment of objectives, such as scientific investigation Technology can be the knowledge of techniques, processes, and the like, or it can be embedded in machines to allow for operation without detailed knowledge of their workings.