This will be a serious game changer for the domaining community and the world alike. At present, US Control has allowed companies like Verisign to be in control of the most popular extensions, including the .com. Now there is some expectation that domains in non-US languages will be on the slate, which is one of the few benefits to this change. However, anyone recall all the corruption surrounding ICANN? Such as the fact that they are supposed to be a non-profit entity, but ran a surplus last year or their massive and unnecessary traveling budget.
We will all have to wait-and-see, but it’s reasonable to assume that more strange actions by ICANN are soon to come. With their recent decision to allow for a plethora of new gTLDs it seems like “good” timing to be running on their own. Now they will have little oversight in what extensions are approved.
I realize my negative tone in the assessment of this change, but I don’t like it. ICANN has not proven itself to be reliable and performing based on the principles it was setup. Instead the many changes that have been made to the domain industry have benefited, not the registrants, but the registrars and registries. Verisigns hundreds of millions of dollars it makes from managing the .com and the expired domain auctions that domain registrars operate (registrars get the full amount of those auctions, less a renewal fee of around $7 paid to the registry) are good examples. I’ll hope for the best, but expect the worst.
Here’s a video on the ICANN CEO Talking About the New Affirmation of Commitments: