Definition – What does ICANN mean?
Internet Corporation for Assigned Names and Numbers is a non-profit corporation that is responsible for assigning Internet Protocol (IP) addresses and managing the domain name system. Today all the computers are connected to the Internet, from servers to home computers, has an IP address. However, it would be idealistic for the ICANN in order to directly assign each computer an individual IP address. Instead, the ICANN assigns blocks of IP addresses to companies, institutions, and Internet service providers, these organizations then assign IP addresses to computers that use their Internet connections.
Glossary Web explains ICANN
While the ICANN (Internet Corporation for Assigned Names and Numbers) is a US-based organization, it is also a worldwide Internet community. According to its official website, the organization is dedicated to preserving the operational stability of the Internet; to achieving broad representation of worldwide Internet communities; to promoting competition and to developing policy appropriate to its mission through bottom-up, consensus-based processes.