The European Commission welcomed moves in the United States to free ICANN, the Internet domain name manager, from its historic ties to the U.S. government on Monday.The U.S. Commerce Department will retain its oversight of the Internet Corporation for Assigned Names and Numbers for three more years under a new agreement that took effect at the beginning of this month.The new agreement grants ICANN more freedom from U.S. government involvement, but stops short of full privatization, which many in the Internet industry want. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe European Commission spokesman Martin Selmayr said the Commerce Department had given “clear indications that this three-year agreement between ICANN and the U.S. government would be the last.” “This is good news. Last year there were doubts about whether the U.S. would privatize ICANN,” Selmayr said.The new agreement, which runs until 2009, is subject to a review in 18 months. If in the review the Commerce Department concludes that ICANN is stable, transparent and accountable enough, it could decide to grant the nonprofit organization full autonomy immediately, the Commerce Department said in a statement Friday. In addition to promising full autonomy, the U.S. government has shaped the new three-year agreement to help pave the way toward independence. From now on, ICANN will determine how it works and what it works on, ICANN said.It will no longer have to submit half-yearly progress reports to the Commerce Department. Instead it will publish an annual progress report on the Internet for everyone to see.Many observers argue that U.S. government involvement in ICANN is slowing the international development of the Internet down and it should pull out without delay. Others warn that ICANN isn’t ready to fend for itself.They believe the organization hasn’t yet proven it can handle the entire task of domain name management alone, and if the government withdraws now, this could compromise security and stability of the Internet.-Paul Meller, IDG News Service (Brussels Bureau)Related Links: U.S., ICANN to Maintain Ties ICANN Gets Domain Name Oversight Extension to 2011 U.S. to Review ICANN Privatization PlanCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost Fireside Chat between Tata Communications and Tata Realty: 5 ways how Technology bridges the CX perception gap By Tata Communications Sep 24, 2023 9 mins Emerging Technology feature Mastercard preps for the post-quantum cybersecurity threat A cryptographically relevant quantum computer will put everyday online transactions at risk. Mastercard is preparing for such an eventuality — today. By Poornima Apte Sep 22, 2023 6 mins CIO 100 Quantum Computing Data and Information Security feature 9 famous analytics and AI disasters Insights from data and machine learning algorithms can be invaluable, but mistakes can cost you reputation, revenue, or even lives. These high-profile analytics and AI blunders illustrate what can go wrong. By Thor Olavsrud Sep 22, 2023 13 mins Technology Industry Generative AI Machine Learning feature Top 15 data management platforms available today Data management platforms (DMPs) help organizations collect and manage data from a wide array of sources — and are becoming increasingly important for customer-centric sales and marketing campaigns. By Peter Wayner Sep 22, 2023 10 mins Marketing Software Data Management Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe