E-Business
ICANN Set to Change Internet’s Address Book
The board of directors for the Internet Corporation of Assigned Names and Numbers (ICANN) has approved plans for the first-ever changing of the cryptographic key that helps protect the Domain Name System (DNS) – the Internet’s address book.
During a 16 September meeting in Belgium, the ICANN board passed a resolution, directing the organisation to proceed with its plans to change or “roll” the key for the DNS root on 11 October 2018. It will mark the first time the key has been changed since it was first put in use in 2010.
“This is an important move and we have an obligation to ensure that it happens in furtherance of ICANN’s mission, which is to ensure a secure, stable and resilient DNS,” says ICANN board chair, Cherine Chalaby.
“There is no way of completely assuring that every network operator will have their ‘resolvers’ properly configured, yet if things go as anticipated, we expect the vast majority to have access to the root zone.”
ICANN notes that some Internet users might be affected if the network operators or Internet Service Providers (ISPs) have not prepared for the roll.
Those operators who have enabled the checking of Domain Name System Security Extensions or DNSSEC information (a set of security protocols used to ensure DNS information isn’t accidentally or maliciously corrupted) are those who need to be certain they are ready for the roll, it adds.
“Research shows that there are many thousands of network operators that have enabled DNSSEC validation, and about a quarter of the Internet’s users rely on those operators,” says David Conrad, ICANN’s chief technology officer.
“It is almost certain there will be at least a few operators somewhere across the globe who won’t be prepared, but even in the worst case, all they have to do to fix the problem is, turn off DNSSECvalidation, install the new key, and reenable DNSSEC and their users will again have full connectivity to the DNS.”
The changing of the DNS root key was originally scheduled to happen a year ago, but plans were put on hold after ICANN found and began analysing some new, last-minute data. That data dealt with the potential readiness of network operators for the key roll.
An analysis ultimately led the organisation to believe it could safely proceed with the changing of the key. As a result, the organisation, after consultation with the community, developed a new plan that recommends putting the new key into use exactly one year after originally scheduled.
In the intervening time, the organisation has continued extensive outreach and investigations on how to best mitigate risks associated with the key change.
The ICANN Board, during its 16 September meeting, passed a resolution approving the plan, and with that, the ICANN org has set in motion its plans to change key at 4PM UTC on 11 October 2018.
“This is the first root key change, but it won’t be the last,” says Matt Larson, vice-president of research at ICANN and the organisation’s point person for the key roll.
“This is the first time, so naturally we are bending over backwards to make certain that everything goes as smoothly as possible, but as we do more key rollovers in the future, the network operators, ISPs, and others will become more accustomed to the practice.”
Mallam Kashifu Abdullahi, director-general, National Information Technology Development Agency (NITDA), has reaffirmed the importance of collaboration in advancing Nigeria’s digital transformation agenda.
L-R: Mallam Kashifu Abdullahi, director-general, National Information Technology Development Agency, with Brig. Gen., Abdulrahman Idris, team lead of the Senior Executive Course 46 2024, National Institute for Policy and Strategic Studies, Kuru, Jos during a strategic tour visit to the agency headquarters in Abuja.
Abdullahi disclosed this during a strategic engagement with participants of the 2024 Senior Executive Course 46 from the National Institute for Policy and Strategic Studies (NIPSS), a delegation led by Brigadier General Abdulrahman Idris.
Abdullahi emphasised that no organisation can achieve its goals in isolation, stressing the need for collaborative efforts to harness ideas, experiences and insights for national development. He highlighted the potential of collaboration between NITDA and NIPSS to leverage technology and digital innovation for driving economic growth, creating job opportunities and attracting foreign direct investment (FDI).
“At NITDA, we have re-imagined our social contract with Nigerians, focusing on improving service delivery and fostering the swift growth of the ICT sector,” said Abdullahi. He emphasised the agency’s commitment to serving Nigerians and outlined the strategic direction outlined in NITDA’s Strategic Roadmap and Action Plan (SRAP 2024-2027) 2.0. The SRAP is structured around eight pillars aimed at fostering digital literacy, building a robust technology research ecosystem, strengthening policy implementation, promoting inclusive access to digital infrastructure, enhancing cybersecurity, nurturing innovation and entrepreneurship, forging partnerships and cultivating a vibrant organisational culture.
The brigadier-general provided insights into NIPSS’s role as Nigeria’s foremost policy think-tank, tasked with developing top-class technocrats to drive national development initiatives. He highlighted NIPSS’s contributions to policy formulation and implementation over the years, emphasising the institution’s mandate to address issues of national interest, particularly in the digital economy sector.
The collaboration between NITDA and NIPSS underscores the importance of synergistic efforts in harnessing technology and innovation for national development. By leveraging each other’s expertise and resources, both organisations aim to drive economic growth, foster job creation, and position Nigeria as a leading player in the global digital economy.
Through strategic partnerships and collaborative initiatives, NITDA and NIPSS are poised to chart a path towards sustainable development, leveraging digital innovation as a catalyst for socioeconomic transformation and inclusive growth.
Ivorypay, a blockchain-based payment and remittance firm, has teamed with Tether, the stablecoin pioneer, to improve crypto-based transactions across Africa.
Tether is the business that developed the stablecoin, USDT, and with this agreement, it will mint and issue USDT straight to IvoryPay.
According to the partners, this agreement would provide more dependable and economical digital transaction choices to businesses and consumers across Africa.
Ivorypay will leverage Tether’s widespread acceptance to provide a buffer against the typically unpredictable nature of crypto-currencies, increasing user confidence in using digital currencies for daily transactions as well as cross-border transfers.
“Partnering with Tether is a strategic move that aligns perfectly with our vision of simplifying and securing crypto transactions across Africa,” said Oluwatobi Ajayi, CEO, IvoryPay.
He added: “It gives us easy access to the liquidity we need to cater to more businesses and individuals across the continent and to do that cheaper and faster than anybody else, which we believe will significantly enhance user trust and increase adoption rates across our platforms.”
“This strategic partnership between Ivorypay and Tether represents a transformative step for digital transactions across Africa,” said Aly Madhavji, managing partner of Blockchain Founders Fund.
“By incorporating USDT into their payment systems, IvoryPay aims to increase financial inclusion and streamline cross-border remittances, establishing a new standard for stability and efficiency in the region’s financial services We are thrilled to assist Ivorypay as they endeavour to create new opportunities for businesses and consumers across Africa.”
The Corporate Affairs Commission (CAC) has revoked the certificates of incorporation of NIPOST Properties and Development Company and NIPOST Transport and Logistics Services Limited.
This revocation followed the discovery of an illegal transfer of N10 billion in restructuring funds released by the Federal Ministry of Finance to the agency’s subsidiaries.
The CAC, in a statement on Monday, said, “The General Public is hereby informed that the Commission, sequel to its powers contained in Section 41 (7) of the Companies and Allied Matters Act No. 3 of 2020, revoked the Certificates of incorporation of the below-mentioned companies because the same was improperly procured. These companies are:
“1. NIPOST Transport and Logistics Services Company Ltd RC 1673881 and 2. NIPOST Properties & Development Company Ltd RC 1673971.
“By virtue of these revocations, the Companies are deemed to be dissolved and their Assets and Liabilities transferred to the Nigeria Postal Services established under the Nigerian Postal Services Act Cap N127 LFN 2004.”
It was gathered that CAC records confirm that as of November 8, 2023, some top officials of BPE control significant shares in the subsidiaries.
Responding to these discoveries, the Senate passed a resolution on December 30, 2023, for a probe into the matter.
The resolution declared the NIPOST subsidiaries in question “irregular and illegal” and recommended their immediate winding-up and deregistration.
The Senate resolution goes beyond immediate action; it demanded a thorough investigation into the N10 billion voted by the Ministry of Finance for NIPOST’s restructuring and recapitalisation.
Should evidence of “injudicious utilisation” surface, the Senate said the committee responsible must recover the full amount.
In its resolution of December 30, 2023, the Red Chamber said it uncovered an alleged illegal transfer of Federal Government shares in two NIPOST subsidiaries to private individuals.
The discovered infractions sparked outrage, prompting the lawmakers to call for immediate action.
Some individuals in key positions within the Bureau of Public Enterprises (BPE) and NIPOST were listed as shareholders of the two NIPOST subsidiaries.
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