Half of all new gTLDs, at least the ones that are open to registrations from the public, will fail, said the CEO of the Canadian Internet Registration Authority (CIRA), Byron Holland, in an interview with the Canadian IT Business. In addition, Holland believes that the introduction of the new gTLDs will create competition for ccTLDs such as .CA.”It’s going to dramatically impact the Canadian domain space one way or the other,” Holland told IT Business. “We assume if you add 500 or 1,000 new TLDs to the Internet landscape, we will definitely be up against a more competitive environment.”ICANN’s governance model to allow private stakeholders to control the new domains is the right approach, Holland said. Some critics would have preferred a treaty-based system run by national governments, possibly organised by the United Nations. But less government regulation and a more free market approach should lead to more rapid expansion of the internet, Holland went on to tell IT Business. Even if that does mean that for the first time in the Internet’s history, consumers will see TLDs fail.”Just like any other private business starting up, all these new TLDs will have a 50 per cent chance of going out of business in two or three years,” Holland says. “That’s going to be somewhat disquieting to people.”The full IT Business report is available at www.itbusiness.ca/it/client/en/home/News.asp?id=67442.