January 10, 2008 -- (WEB HOST INDUSTRY REVIEW) -- The Internet Corporation for Assigned Names and Numbers (icann.org) announced on Wednesday that it has made its formal midterm review submission of the Joint Project Agreement between ICANN and the United States Department of Commerce. ICANN says that with the JPA showing more signs of closure, this will enable the organization to move closer towards transitioning the domain name system to the private sector, something it has envisioned since its establishment.
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The US government has been committed to the transition of the DNS since 1998 and since then, there are been seven Memorandums of Understanding between ICANN and the government, as well as 13 status reports measuring ICANN's progress.
"Ending the JPA will provide long-term stability and security for a model that works," says chairman Peter Dengate Thrush in the ICANN Board submission. "It will provide confidence to all participants that the investment of time, thought and energy for over nine years has secured an Internet coordination body that will always be owned by all stakeholders, not managed or overseen by any one entity."
ICANN's Board is encouraging the Internet community to take part in the midterm review and is accepting submissions outlining the community's support before February 15.
