30 Jun '16, 6pm

IANA transition will not remove government relationship with .com contract

Department of Commerce will still have a say over .com prices. Today, ICANN posted proposed contracts with Verisign (NYSE:VRSN) for the Root Zone Management Agreement (RZMA) and an extension of the .com registry contract. The RZMA is a necessary step for the National Telecommunications and Information Administration to step out of its role in the Internet Assigned Numbers Authority (IANA) contract. The RZMA will transfer some of Verisign’s role that’s currently part of the government’s Verisign Cooperative Agreement to an agreement between Verisign and ICANN. However, the Verisign Cooperative Agreement will live on post-transition. Crucially, this means the Department of Commerce will still be a party to .com contracts going forward. Why is this important? It was the Department of Commerce that stepped in to keep a lid on prices the last time the .com contract was extended...

Full article: http://domainnamewire.com/2016/06/30/iana-transition-veri...

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