At its Ministerial Meeting on the Future of the Internet Economy, held in Seoul, Korea, on Wednesday, the organisation said the switch to the new version of IP was necessary to connect billions of people to the internet. IPv4 addresses are quickly running out, so the signatories want to have the new version of the internet protocol, IPv6, adopted quickly. In one of the items in the declaration that is more political than technical, they call on governments and private companies that use a large number of IPv4 addresses to lead the switch over.