February 01, 2017 Features

Transactional Insurance in the Sale of Internet Addresses

By Richard A. Blunk

Growth of the Internet was originally based on three assumptions. First, each device connected directly to the Internet would be assigned a globally unique number—an Internet address—in order to operate. Second, the 4.3 billion addresses made available pursuant to Internet Protocol version 4 (IPv4 addresses) would be sufficient to accommodate the generally accepted rate of adoption and use of the Internet. Third, five Regional Internet Registries (RIRs)—serving North America, Europe, Asia-Pacific, Latin America, and Africa—would manage the issuance of the balance of the IPv4 addresses. Subject to select technological innovations, the first premise is generally true today. The other two assumptions, however, have proven to be grossly incorrect.

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