Wed 29 Jun 2011
.Com is Moving Over for .Anything
Posted by boardroompr under News / Reactions
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Recently, The Wall Street Journal and South Florida’s Sun-Sentinel reported that the U.S. group ICANN, the organization that regulates the world’s Internet domain names, is now allowing companies and organizations to create their own version of “.com.” ICANN is saying this innovation is “one of the biggest changes ever” to the online naming system. Now, companies will be able to end their addresses with the name of their company, such as “.coke,” or use their city, such as “.FtLauderdale.”
With the shortage of .com web addresses, the change can produce hundreds of millions of dollars in business for companies whose business is managing the Internet’s vast registries, as well as those selling the names. Companies could also gain new tools for highlighting their identities and networking with suppliers and distributors.
Industry associates are worried that creating new suffixes could cause confusion to consumers. But not to worry because according to the articles, you will have to shell out $185,000 in order to obtain a personal suffix. Additionally ICANN has the final decision on all the new domains and applicants must prove they have the technical capability necessary to keep a domain running. This will help reduce the amount of new domains created.
Speculators say the new system will not diminish the value of existing Web addresses. After all, Web names that were created by ICANN in 2000 never really caught on.









