Domain name overload

Original article written by Naseem Javed :

The explosion of new names will eventually hit the fan, and the global entrepreneurial community in desperate need of making some mega online bucks will ride this flood by paying top dollar to have any desired name with an equally desired suffix to corner markets.

However, it’s a great move that favors the global consumer. This move creates a new wave of interconnected global interactions and equally allows existing powerhouse name owners with a new set of strategies and angles to expand their global outreach by marking new territory.

With this new decision, big and small players will have their own suffixes like ibm.ibm, while others would create hotels.paris or play.casino all the way to sex.sex. Never in the history of business will a single decision create so much impact as this bold new policy by ICANN. Even when domain names were originally introduced, the adaptation process matured over a decade, and now everyone engaged in e-commerce has become so financially dependent on the structure of their domain names, the impact will be massive. Without a clear blueprint or a proper evaluation of their existing dotcom potential, a business can make huge blunders as sharks enter in protected waters.

My opinion :

I agree with what is stated by Mr Javed, but i think ICANN would lay down rules for each suffix before introducing it onto the web. Most registry’s that carry ccTLD extension have rules and regulations before a person can obtain one for example Ireland, if you would like to obtain a .ie domain name you must meet the registry criteria such have a presence in Ireland and trade within Ireland. If you have no connection to Ireland you will be rejected by the registry (IEDR).

If ICANN allow the new extensions such as .hotel, .sex and .ibm into the domain market they would assign registry’s to each of the extension. Just because ICANN have approved new extensions does not mean it will be available to everyone, the threat of internet sharks could possible be none. Obviously ICANN would assign a governing body to decide who is eligible to obtain the domain name.

To read the article further : http://www.axcessnews.com/index.php/articles/show/id/16267