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Key people at CommerceNet.
CommerceNet is a Palo Alto, California-based nonprofit organization that conducts research, pilots programs, and invests in initiatives to advance the commercial use of the Internet. The entity focuses on transforming industry processes through collective intelligence and software development, with a recent emphasis on Internet security and healthcare improvements like industrializing therapy development. Operating as a 501(c)(6) organization, it has historically been funded through corporate sponsorships, equity stakes, and government grants, including $6 million in TRP funding. The organization has built a community of over 700 e-commerce decision makers and received early backing from major technology corporations such as Apple Computer, Sun Microsystems, and AT&T. Its startup incubator initiatives have supported various alumni and portfolio companies across multiple sectors, including xCures and Powerset. CommerceNet was founded in 1994 by Jay Martin Tenenbaum, Murray Sherwood, and Martin Blackburn.
CommerceNet is an entrepreneurial research institute and consortium founded in 1994 that focuses on accelerating and transforming the commercial use of the Internet. It invests in exceptional talent and bold ideas to improve processes by making them faster, better, and more efficient through Internet technologies. CommerceNet has played a pioneering role in foundational Internet commerce milestones such as secure online transactions, XML-based business services, open trading networks, and certificate authorities. Its current major initiatives focus on revolutionizing Internet security and industrializing therapy development in healthcare, leveraging the Internet to disrupt traditional approaches[1][4].
CommerceNet was founded in 1994 by Dr. Jay M. (“Marty”) Tenenbaum, an Internet commerce pioneer, with support from Stanford University, BarrNet, and backing from the federal government and the state of California. The idea emerged as a consortium to tackle the technical and business challenges of conducting commerce on the Internet, funded initially by a $6 million government grant matched by industry contributions. Early efforts included creating an online directory and marketplace for technology products and addressing infrastructure issues to make the Internet suitable for business transactions[1][3][5].
CommerceNet rides the wave of digital transformation by focusing on Internet-enabled process innovation and security. Its timing was critical in the 1990s to establish trust and infrastructure for e-commerce, and today it leverages the Internet to industrialize healthcare therapy development and enhance cybersecurity. Market forces such as increasing demand for secure online transactions and digital healthcare solutions favor its initiatives. CommerceNet influences the broader ecosystem by incubating startups, setting standards, and fostering collaboration among diverse stakeholders globally[1][3].
Looking ahead, CommerceNet is poised to deepen its impact on Internet security and healthcare innovation, two sectors with growing complexity and opportunity. Trends like AI integration, data privacy, and personalized medicine will likely shape its journey. Its unique blend of research, investment, and ecosystem-building positions it to continue catalyzing transformative Internet applications. As digital commerce and healthcare evolve, CommerceNet’s role as a trusted intermediary and innovation hub will remain vital, potentially expanding its influence beyond Silicon Valley to global tech ecosystems[1][4].
Key people at CommerceNet.
