THE CONCEPT, GENESIS, AND SIGNIFICANCE OF TRANSACTIONS IN ELECTRONIC COMMERCE
Keywords:
electronic commerce, electronic transactions, digital economy, cybersecurity, cross-border trade, Uzbekistan, legal regulationAbstract
This study examines the concept, historical development, and significance of transactions in electronic commerce, with a focus on Uzbekistan’s evolving digital economy. The rapid advancement of information and communication technologies has transformed global trade, enabling seamless online interactions, information exchange, and service delivery. Electronic commerce, emerging in the 1990s with platforms like Amazon and eBay, has become a cornerstone of the digital economy, contributing significantly to global GDP. In Uzbekistan, platforms such as ZoodMall and Uzum mark the growth of e-commerce since the 2000s. The article defines electronic transactions as agreements facilitated through digital platforms, distinguishing them from traditional transactions by their virtual nature, speed, and global reach. It highlights their unique characteristics, including digital payment systems and cross-border logistics, while addressing challenges like cybersecurity and regulatory needs. The study underscores the importance of a robust legal framework to support e-commerce growth.
References
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