The Internet could have a major impact on both regional and foreign trade.
Predictor: Tenenbaum, Marty
Prediction, in context:Andreas Crede paraphrased Marty Tenenbaum’s point of view in a 1994 article for the Journal of Computer-Mediated Communication titled “Electronic Commerce and the Banking Industry.” Crede writes: ”Marty Tenenbaum, chief executive of Enterprise Integration Technologies (EIT), a research firm leading the development of CommerceNet together with Stanford University, anticipates that the Internet could have a major impact on both regional and foreign trade. Tenenbaum believes that in two to three years there will be as many as 100,000 companies using the Internet as a principal sales and service channel. CommerceNet itself is projected to be handling business transactions for as many as 3,000 companies by the turn of the century.”
Biography:Jay “Marty” Tenenbaum was founder and CEO of Enterprise Integration Technologies, the company that pioneered security and payment for the Web. VeriFone acquired EIT in 1995. He was also the founder and first chairman of CommerceNet, the premier industry association for Internet commerce, with nearly 600 corporate members worldwide. Earlier in his career, he was a prominent AI researcher. (Entrepreneur/Business Leader.)
Date of prediction: January 1, 1994
Topic of prediction: Economic structures
Subtopic: E-commerce
Name of publication: Journal of Computer-Mediated Communication
Title, headline, chapter name: Electronic Commerce and the Banking Industry: The Requirement and Opportunities for New Payment Systems Using the Internet
Quote Type: Paraphrase
Page number or URL of document at time of study:
http://vivisimo.com/search?query=Marty+Tenenbaum+1994&v%3Asources=AltaVista%2CMSN%2CNetscape%2CLycos%2CLooksmart%2CFindWhat
This data was logged into the Elon/Pew Predictions Database by: Wahl, Abigail