“We anticipate that this is the year, ICANN sees a value in this .shop domain, because of all the increasing activity surrounding online shopping and ecommerce activities.
Louisville, KY (PRWEB) February 16, 2011
Jeffrey Smith, CEO of Commercial Connect, LCC based in Louisville, KY has announced his firm’s intention to file within the 2011 Q2 window for delegation on the award of .shop, expected this year. In the past, ICANN has awarded top level domains (TLDs) based on market conditions, and its various committee recommendations. Not all the TLDs that have filed actually are delegated and make it past all the criteria. In January of this year, ICANN concluded its revisions to a new application process and fee structure for TLDs.
Commercial Connect, LLC formed the .shop campaign with the intent of establishing and supporting the new top level domain (TLD) .shop. Commercial Connect, LLC seeks ICANN authorization for this new extension to be a worldwide generic top level domain for the purpose of electronic commerce on the Internet.
“We anticipate that this is the year, ICANN sees a value in this .shop domain, because of all the increasing activity surrounding online shopping and ecommerce activities. We have been involved in the process of delegation specifically for .shop approaching a full decade, and have patiently awaited this opportunity,” said Smith. He is also a founding member of CORE, continually active in multiple ICANN functions, and a founding co-owner of Afilias which was successful in launching the .info TLD.
CORE, The Internet Council of Registrars, maintains much of the technology IP regarding TLD registration management. CORE also operates on a cost-recovery basis, and has a shared registration system (SRS) approach for internet registrars. Smith has been an internet consultant since the mid 1990s. As a consultant he has assisted multiple registrars in gaining ICANN Accreditation. Smith pointed out the following industry facts:
- There are over 85 million website names registered in the dotcom domain alone. This makes it nearly impossible for new businesses to create a desirable short and descriptive name.
- The cost of Internet fraud doubled in 2009 to about $560 million, according to the FBI. Consumers are now more wary of purchasing online.
- eCommerce reached a record $43 billion in the US in the fourth quarter of 2010, up 11% from a year ago, according to comScore Inc.
As of the June, 2010 Brussels ICANN Meeting, Commercial Connect is the only remaining applicant still awaiting
final approval for its proposed TLD. Commercial Connect was present at the December 5-10, 2010 Cartagena ICANN meeting, and Smith has participated in 20+ ICANN meetings spanning from 1998 to present day.
Commercial Connect has remarkable amount of support both from ecommerce companies worldwide and related US individuals of influence in the development of ICANN supporting its efforts.
About Commercial Connect
Commercial Connect, LLC was originally formed as a prospective top level domain name registry by a partnership of Computer Analytical Systems, Inc. and Simon Property Group, LP.