According to a recent announcement, the NSI Registry will allow the registration of multilingual domain names with more than 60 ICANN accredited registrars around the world in the months to come.
Since the launch of the Chinese domain name registration service by 3GNIC in Hong Kong earlier this year, there has been confusion in the market, with the emergence of alternative Chinese domain name systems, such as those offered by CNNIC, China Network Information Centre and TWNIC, Taiwan Network Information Centre. The main concerns of Chinese domain name users are whether there will be a standard for Chinese domain names and whether the Chinese domain names can be used internationally.
In response to these concerns, Wong Heng Wai, director of web services for 3GNIC said, "Regardless of other parties who have announced various Chinese domain names systems over the last few months, i-DNS.net remains the only operational and productive multi-lingual domain name registry not only in Hong Kong, but in the world offering languages like Chinese, Japanese, Arabic, Thai and Indian languages".
Domain names have always been a highly speculative Internet commodity, with popular names such as business.com sold for as much as US$7.5 million. There have been recent cases of cyber squatting involving the names of famous celebrities like Madonna and Julia Roberts where dispute resolution was handled by the World Intellectual Property Organisation (WIPO). To date, there has not been a central body for the resolution of disputes over Chinese domain names.