The world had seen the industrial revolution of the 18th century and we also know how that revolution complemented and facilitated the renaissance movements in different parts of the world. How that revolution paved the way for the modern world in which we are living now. Robust electronic payment systems are the backbone of all types of ecommerce services. 

January 1, 1983, is considered to be the birthday of the internet. Before that, there was no standard way to communicate among computers. In 1994, the first purchase through the internet was done using technology. 

Portable cards, invented by the Belgian company Proton, were released to the market in 1995 for nominal purchase. CyberPlat, the first Russian electronic payment system, entered the market in 1996, and the first e-payment was made using CyberPlat in 1998.

The information that is mentioned-above is describing the novel stage of ecommerce, then the ecommerce transitional phase came and then the real ecommerce came on which we are doing business right now. 

When we say it is going to be a bigger explosion than the industrial revolution then we are saying this by keeping some facts like the retail revenue of the USA is $768 billion. With each passing year, E-commerce is growing exponentially and the research shows that upcoming technologies like Metaverse and the Internet of Things (IoT) will further expedite the process of E-commerce. 
 
Ecommerce as compared to conventional trading:
We all know about conventional trading but when we talk about ecommerce then there are some challenges that we may face in a trade-off to reach the global audience and earn high profits with better chances to perceive the physical features of the product.

These challenges may include optimisation of your online store on different ecommerce platforms like BigCommerce, Shopify, WooCommerce etc. You may face difficulties in doing business on BigCommerce then find professional bigcommerce seo experts. Because bigcommerce seo experts can optimise your online store on the protocols of Google.
 
Ecommerce platforms are providing many other facilities with some challenges. Like you will have a global audience, easy payment methods, 24/7 customer care services and many more. But the main problem with ecommerce is that you can’t have a physical and touching experience like you have in conventional trading.

How new tech forming ecommerce:
New technologies are developing and one day they will change the total course of ecommerce. New technologies like the Metaverse which is the combination of emerging technologies like blockchain, augmented reality (AR), virtual reality (VR), cryptocurrency and non-fungible tokens (NFT). This new digital reality can increase high returns on products that need a physical perspective like home furniture, cosmetics, clothes etc. 

Now you can see VR 3-D stores more often. With this new technology, people will feel like they have all the features of shopping in conventional stores. Research showed that around 79% of customers reported that they would prefer to pay 25% more for a product if they provide an Augmented reality vision of the product. So, when tech combines with ecommerce it will be more than the industrial revolution.