Digital: The Y2K e-commerce tumble

This article focuses on the Y2K e-commerce problem. Y2K will prove to be one of the most interesting years in history as it is known as the landmark year in capitalism. Y2K saw the foundation of the IT economy crumble at the same time it helped produce the largest budget surplus in history of the U.S. There are five key ingredients to e-commerce: A diffuse, digital networking infrastructure; A means for delivering and rendering acceptable cybermedia content; A mechanism for handling transactions in a secure environment. A financial infrastructure to handle the accounting and invoicing for transactions; A viable business plan. In real sense, e-commerce has its origins in the bulletin boards of the 1970s. The two most popular, early forms of communication in this period were email and bulletin boards. The one dark spot on the horizon is that the problem that caused the Y2K e-commerce meltdown is still with an over reliance on technology to overcome weaknesses of a bad business model