1,000 companies will participate in this kind of electronic commerce across the nation’s information superhighway within one year, and a million companies within five years. And I think those are quite conservative numbers.
Predictor: Tenenbaum, Marty
Prediction, in context:In a 1994 article for Infosecurity News, Dave Powell quotes Jay “Marty” Tenenbaum, president and chairman of Enterprise Integration Technologies, a CommerceNet founder: ”[CommerceNet] is not a distinct network … we are talking about the Internet and the need to correct problems with it … CommerceNet is a consortium of companies and agencies who have come together to fix these problems, and in the process to field the first large-scale market trial of electronic commerce on the information superhighway. I estimate that 1,000 companies will participate in this kind of electronic commerce across the nation’s information superhighway within one year, and a million companies within five years. And I think those are quite conservative numbers.”
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: Infosecurity News
Title, headline, chapter name: Pit Stop on the Infobahn
Quote Type: Direct quote
Page number or URL of document at time of study:
Page 14
This data was logged into the Elon/Pew Predictions Database by: Garrison, Betty