SM-2 was developed by Piotr Woźniak as part of SuperMemo, and published in 1987. It was not the first spaced repetition scheme — paper-based systems such as the Leitner box predate it by decades — but it was the first widely adopted algorithm to adapt intervals per card based on how the learner performed on that specific item.
Its influence is hard to overstate. Anki, Mnemosyne and a long list of successors all shipped SM-2 or a close variant, and for most people "the spaced repetition algorithm" means SM-2 even when they have never heard the name.