The Internet's governing body has approved plans to make the new ".biz" Internet suffix available to businesses, providing an alternative to the crowded ".com" top level domain space.
The company said the new domain would become active in October.
The Internet Corporation for Assigned Names and Numbers, known as ICANN, last November selected seven new domain names to join the likes of .com, .org and .net.
ICANN's accreditation means US-based NeuLevel, a joint venture partner with registrar Melbourne IT, can begin the process of making .biz addresses available.
NeuLevel will allow trademark holders to reserve addresses through July 9, to discourage "cybersquatting," or the practice of snapping up addresses with the intention of reselling them. Coca-Cola, for example, would be permitted to reserve "coke.biz" before other applicants.
Businesses will be allowed to apply for other .biz addresses until September 25, NeuLevel said. Multiple bids for a single address will be resolved on a "randomised" basis. Addresses will become active and available in October.
So, now you are not allowed to do business in the good old fashioned way; if you had an idea you just did it. Now you are being restricted. It´s let the big boys do it their way! Are they the only ones allowed to make money in the globalised world? What happened to being innovative or fast/first off the block.
if the boring conservative board of directors don´t know how to move fast, that´s there problem, why should they be protected.