VeriSign, Inc. (NASDAQ:VRSN) Q4 2023 Earnings Call Transcript

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So the ownership that – the resolution of a domain name, all benefit from the underlying DNS that cryptographic protection to the strong public key infrastructure base things. You don’t see a lot of this work that we do and I think many of you probably know that my previous company are to say, basically inventing form of public ecryptography and build out infrastructure that was VeriSign 1.0. And so, this underlying secure, reliable infrastructure, along with the well governed space is why people are navigating with the DNS, it’s reliable. You are going to get where you want to go. And the ability to get a domain name registrant and have it activated and have it resolved and also well regulated. So, having basically a unique strong global identifier that you can use for all of the coming serves as an applications as we get more connected, more active is a tremendous benefit.

I mean, it’s almost like that magical single password you can use everywhere in a world. We think that be a dream come true for a lot of internet users in a way a global unique stable identifier gives you that. And so, this is actually a new web three type of application realizing that there is a stable and secure base out there that you can link to and to get all the advantages out it and let people use those identifiers they already have. So we think this is really good news.

Ygal Arounian: Super. A much more thoughtful answer than I expect to be honest. But very interesting in the future of all that. We appreciate your time guys.

Jim Bidzos: Well, Ygal, just to add, I mean, the reason for that is that we don’t publicize a lot of the things that we do but for years, we’ve been working on what we call responsible integration of alternative name spaces with the DNS for the very reason that we believe that at some point the secure, well regulated underlying DNS is going to be a better basis for a global identifier for folks. And that, rather you can’t recreate 35 years of innovation building, weaving all kinds of high value applications into the DNS. This is the part of the plumbing that people don’t see that when we talk about operating and maintaining critical infrastructure that we do. So, I jumped on your question, because it’s a great opportunity to point to something we’ve been quietly working on for a while that’s I think now adding real value.

George Kilguss: Sure. And maybe some under appreciation of the innovation in the space. So very helpful.

Ygal Arounian: Thank you guys.

Jim Bidzos: Great. Thanks.

George Kilguss: Thank you.

Operator: This concludes today’s question and answer session. I will now turn the conference back over to David Atchley for any additional or closing remarks.

David Atchley: Thank you, operator. Please call the Investor Relations department with any follow-up questions from this call. Thank you for your participation. This concludes our call. Have a good evening.

Operator: Once again, this concludes today’s call. Thank you for your participation. And you may now disconnect.

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