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At a top-level meeting held in Paris today, ICANN voted unanimously in favor of
relaxing strict rules around so-called top-level domain names. The regulator
also approved a second proposal towards introducing domain names written in
scripts such as Asian and Arabic.
At present, top-level domain names are
limited either to commerce (.com) and institutional organizations like .net or
.org or to individual countries such as .uk (UK), .it (Italy), and so on.
Under the new scheme, thousands of domain names could be coined -- based
on a (any) string of letters. Individuals would be able to register a domain
based on their own name as long as they're able to show a 'business plan and
technical capacity'. Similarly, companies would be able to secure domain names
based on their intellectual property.
Some such domain names could even
become hot topics of debate. For instance, the very thought of a .sex is enough
to send people into a tizzy -- so much so bloggers are ready to bet on an
auction frenzy over that particular domain name.
Roberto Gaetano, member
of ICANN, was reported to having said, "We are opening up a new world, and I
think this cannot be underestimated." The new system is expected sometime next
year.
Source: www.webhostdir.com 
