A controversial transition regarding internet oversight is set to occur on Saturday, and while the tech industry largely seems to supports it, others say: not so fast. 

The U.S. government will cease its regulatory role over a nonprofit group called the Internet Corporation for Assigned Names and Numbers (ICANN), which coordinates a system thats frequently compared to the internets phone or address book.

Currently, the National Telecommunications and Information Administration (NTIA), which is part of the Department of Commerce, has oversight over ICANN through a government contract, but that is set to end by October 1.

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