A patent application on « Establishing and maintaining a sustainable income stream to defray recurring services expenses in order to enable long-lasting domain registrations » has been published by the USPTO. The two inventors, based in the USA, aim to bring a solution to the problem of unwanted domain names expirations due to errors, omissions or lack of payment.
The publication is available here. The registrant of the domain name would make a one-time payment, whose amount would be based on an estimate of the expenses to come during the requested period (20, 50, 100 years…). Potential annual fees increases would be anticipated as well. The sum would be placed in investment tools in order to generate the revenue required to maintain the relevant domain names.
The financial aspect is important for securing and maintaining a domain name. However, operational aspects such as technical maintenance, contacts update and contact verification follow-up are crucial as well. Nevertheless and setting aside any consideration on the patent application merits, the emergence of financial instruments dedicated to the securing of strategic domain names is an interesting approach. The patent application has just been published and the interaction between these new instruments and the operational management of the domain names remains to be determined.