Develops and promotes Internet standards, cooperating closely with the W3C and ISO/IEC standard bodies and dealing in particular with standards of the TCP/IP and Internet protocol suite. It is an open standards organization, with no formal membership or membership requirements. All participants and managers are volunteers, though their work is usually funded by their employers or sponsors; for instance, the current chairperson is funded by VeriSign and the U.S. government's National Security Agency.[1]