The organisation initially focused on industry-wide research and programs that have advanced the commercial use of the Internet.
CommerceNet pioneered some of the Internet industry's first milestones including secure transactions and XML messaging.
The Silicon Valley–based coalition was backed earlier by companies like Apple Computer and Sun Microsystems, had set up an Internet shopping center allowing individuals and businesses to offer their wares and services via CommerceNet's easy-to-use software.
The shopping service uses licensed security technology to protect credit card numbers from electronic theft.
CommerceNet Asia was credited to coordinate and published the first Pan-Asian E-Commerce Survey across national boundaries in 1999.