Northern Nevada Business Building the New Internet
Saatvik Advisors, a Silver Springs, NV-based business transformation services company specializing in the global transition to the new IP addressing protocol, IPv6, has received a grant from the American Registry for Internet Numbers to continue its research into enterprise adoption of the new protocol.
Building the New Internet
Saatvik Advisors is actively building the New Internet – its third generation. Business, municipal, personal and educational use of the internet is exploding due to XFH (Everything From Home) as well as new internet-based technologies (Cloud, IoT, 5G) designed specifically to expand the use of the internet. COVID-19 has also placed an unexpected load on the internet with an increase in connected devices.
Simultaneously, users of the internet face a unique challenge in meeting a foundational requirement of the New Internet. The internet has run out of the IP addresses used to uniquely identify connected devices, IPv4; requiring a global transition to the next generation IP addressing protocol, IPv6. The global depletion of this fundamental building block of the internet is negatively impacting revenue, ROI and security due to compromised performance, geo-location accuracy and lack of unique internet identity.
US Ranking in the Global IPv6 Transition
As the US slides down in IPv6 transition global ranking behind India, Malaysia and Greece, Saatvik Advisors is playing a key role in helping businesses make the transition, ensuring American businesses maintain technological advantage in the global economy. According to Saatvik Advisor’s research, the number of Fortune 1000 enterprises who have acquired IPv6 addresses from ARIN stands at 25% and unfortunately, this number hasn’t changed in the last two years.
Market Value and Acquisition of IPv4 Addresses
The global depletion of IPv4 addresses has re-defined IPv4 addresses as monetizable assets, creating an active third-party market; selling for up to $31 each in the transfer market. Amazon has been very active in the acquisition of IPv4 address blocks as they come available; acquiring ~8,000,000 IPv4 addresses address block from MIT, ~16 million IPv4 addresses from GE, and ~4,000,000 IPv4 addresses from Amateur Radio Digital Communications. We will not know exactly how much Amazon paid in these transactions, but they are one of the few entities with sufficient funds to purchase these large blocks, leaving other internet-based businesses struggling to stretch their existing inventory. The status of IPv4 addresses as an asset has also led a Dutch court to seize IPv4 registration rights in order to pay debt in a bankruptcy.
IPv4 addresses are expected to hold value in the short term, however, will fall as IPv6 adoption increases, rendering IPv4 addresses redundant.
Accelerating US Enterprise Adoption by the Numbers
This grant provides funding to build the world’s first integrated research database leveraging datasets from ARIN, The National Institute of Standards and Technology (NIST) and multiple business databases to define leading indicators for the transition to the new IP addressing protocol, IPv6. The resulting research will form the basis for identifying industry-specific challenges to the transition and developing strategies to overcome them.
The Internet Engineering Task Force (IETF) has identified IPv6 is the standard IP address protocol offering 340 undecillion (trillion, trillion, trillion) unique addresses, adequate for internet growth vs. the globally depleted pool of 4.3 billion IPv4 addresses. The Office of Management and Budget has issued a mandate for federal agencies to complete 80% of their transition to IPv6 by 2025.
Saatvik Advisors encourages Nevada businesses to take the lead in US adoption of IPv6 enabling them to meet the scalability, internet identity and performance needs of their customers, suppliers and partners in the XFH world. Saatvik Advisors partners with global businesses to define strategies for planning and execution of their IPv6 transition. Learn more about Saatvik Advisors at www.saatvikadvisors.com
The American Registry for Internet Numbers is the regional registry and supplier of internet addresses (IP addresses) for North America, Antarctica and the Caribbean. Learn more about American Registry for Internet Numbers at www.arin.net