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Governance Council launched for .BID Top Level Domain

by david.nunes

Governance Council launched for .BID Top Level Domain

Council Members sought to help guide .BID gTLD on the Internet

Wednesday, 21st August, Gibraltar: Dot Bid Limited, the sole applicant for the .BID new generic Top Level Domain (gTLD), today announced that it is seeking representatives interested in participating in a Governance Council for the gTLD .BID.

“The rise in popularity of market place sites such as ebay, Alibaba, and Mercado Libre has meant that bidding online for goods and services around the world is nearly as natural as buying a Newspaper” said Iain Roache of Dot Bid Limited. “With over 112 million users on ebay alone, having a dedicated virtual space for auction platforms, market place sites and individual buyers and sellers provides a beacon for an enormous, self-selecting, trusted user base ready to buy and sell virtually anything online.”

The Internet Corporation for Assigned Names and Numbers (ICANN) is enabling an expansion of the Internet’s real estate to include just about any domain name extension including .BID.

To help guide the development and direction of the .BID gTLD, Dot Bid Limited is creating a Governance Council to help advise on best practice for operation and policy of the Top Level Domain including abuse prevention and mitigation, intellectual property rights protection, gTLD operating rules, reserved second-level domain names, certification or authentication programmes, and compliance.

“We are reaching out to all parties that have an interest in buying and selling online across the entire spectrum of auctions” continued Roache, “from English auctions to penny auctions, across a range of general markets and niche genres, and the more traditional offline auction houses. All interested parties are invited to contribute to the .BID Governance Council, helping to shape the online auction space now and into the future.”

If you are interested in participating to the .BID governance council simply visit www.governancecouncils.com/bid. Expressions of interest will be accepted at this site for several months, with on-going communications sent to interested parties prior to the Governance Council launch.

About Governance Councils
Governance Councils owe their existence to Internet expansion efforts that began years ago. In 2005, the Internet Corporation for Assigned Names and Numbers (ICANN) began studying whether to introduce new generic top-level domains (gTLDs). Governance Councils were set up to create a mechanism by which governments, corporations and individuals around the world could influence and ensure that the Internet was being used for the broader benefit of the Internet users.

About Domain Venture Partners
Domain Venture Partners was founded to create a bridge between the demand for and supply of finance, and the provision of technical support in relation to ICANN’s new generic Top Level Domain (TLD) name process. It has since evolved to become the only regulated structured investment fund group, for experienced investors to benefit from returns generated by investing in and managing TLD registries. DVP provides investors with a clean and direct access to an uncorrelated asset class, which would ordinarily be out of the reach of individual investors.

About Iain Roache
Iain Roache spent his early career in investment banking, structuring and marketing derivatives with Nomura, Kleinwort Benson and Merryl Lynch. Moving into strategy consulting, Iain led London the Investment Banking Practice at AT Kearney. In 1998 Iain Roache became managing director and member of the European Board of Cisco Systems, where he was responsible for developing and implementing the EMEA Mergers & Acquisitions process.

Since 2010, Iain has worked in relation to the establishment of Domain Venture Partners PCC Limited and is a Director of Domain Management Limited. Iain Roache holds a BSC (Econ.) First Class, London School of Economics, specialising in Accounting and Finance.

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