In August 2016 ICANN incorporated Public Technical Identifiers, a non-profit affiliate corporation in California, to take over the IANA functions once the current contract expired at the end of September. The Department of Commerce confirmed that its criteria for transitioning IANA Stewardship to the Internet multistakeholder community had been met, and that it intended to allow its contract with ICANN to expire on September 30, 2016, allowing the transition to take effect. On October the contract between the United States Department of Commerce and ICANN to perform the IANA functions was allowed to expire and the stewardship of IANA functions was officially transitioned to the private-sector.
In August 2016 ICANN incorporated Public Technical Identifiers, a non-profit affiliate corporation in California, to take over the IANA functions once the current contract expired at the end of September. The Department of Commerce confirmed that its criteria for transitioning IANA Stewardship to the Internet multistakeholder community had been met, and that it intended to allow its contract with ICANN to expire on September 30, 2016, allowing the transition to take effect. On October the contract between the United States Department of Commerce and ICANN to perform the IANA functions was allowed to expire and the stewardship of IANA functions was officially transitioned to the private-sector.