eCommerce

Industries are moving all of their operations online, as it becomes clear that the Web, not constrained by geographic boundaries, is a more efficient vehicle for their services and allows them to work on a truly global scale. People are currently able to pay their bills, write and cash checks, trade stocks, take out loans, mortgage their homes and manage their assets online. Money as we know it may cease to exist, replaced by more convenient technologies such as smart cards and digital cash. Intelligent programs will take care of the financial and logistical aspects of the interactions between both the individuals and the corporations who populate the Internet. All that a person needs to do shopping is a connection, a computer, and a digital form of payment.

Traditional "brick and mortar" stores are already being replaced by a multitude of electronic store-fronts populating the Web. No single brick-and-mortar store can offer 50,000 products, but an online store has the capability to offer a limitless number of them. There are services for finding the best deal on items for consumers. An increasing amount of consumer information, such as consumers testimonies, product overviews, comparison charts, is being made available, leading to better deals for customers.