Who took control of the Pentagon's IP space and why?

A company called Global Resource Systems came out of nowhere and
started announcing that it had control over a huge portion of
internet real estate that used to belong to the Pentagon. This
internet space is called IPV4, and it's crucial to how traffic is
routed around the world. Now this portion of space that belonged
to the Pentagon has never been active before. It's sort of like
land that's not developed. There's no roads to it. Nothing is
built on it. Nobody goes there. But with Global Resource Systems
- we'll call them GRS - making this announcement, that suddenly
changed very quickly. Suddenly there's a ton of traffic going to
this block of IPV4 space. 


So many questions abound. Why did the Pentagon give control over
this space to an unknown company? What does it mean that it now
controls so much IP space? Should organizations that are
navigating the internet be worried about this? To help me sort it
all out, we have a special guest on the podcast today. Mark
Jeftovic is the CEO of EasyDNS. He's also a member of the Canada
chapter for the Internet Society.