What is common for all web services is that they are the machine-readable equivelant to the webpages the site otherwise offers. This means that others who wish to use the data can send a request to get certain data back that is easy to parse and use. Some sites may require you to provide a username/password in the request, for sensitive data, while other sites allow anyone to extract whatever data they might need.
Web services are used for a variety of applications, but the most common is for reusing code and connecting existing programs. The web service method can help developers segment applications into components that can be used and reused for various needs. For example, more than one program might need a conversion tool or a reporting function. This is possible due to web services’ universal communication protocols.
The gaining Registrar must obtain express authorization from either the Registered Name Holder or the Administrative Contact. A transfer may only proceed if confirmation of the transfer is received by the gaining Registrar from one of these contacts. The authorization must be made via a valid Standardized Form of Authorization, which may be sent e.g. by e-mail to the e-mail addresses listed in the WHOIS. The Registered Name Holder or the Administrative Contact must confirm the transfer. The new registrar starts electronically the transfer of the domain with the help of the authentication code (auth code).
In 1993 the U.S. Department of Commerce, in conjunction with several public and private entities, created InterNIC to maintain a central database that contains all the registered domain names and the associated IP addresses in the U.S. (other countries maintain their own NICs (Network Information Centers) -- there's a link below that discusses Canada's system, for example). Network Solutions, a member of InterNIC, was chosen to administer and maintain the growing number of Internet domain names and IP addresses. This central database is copied to Top Level Domain (TLD) servers around the world and creates the primary routing tables used by every computer that connects to the Internet.
^ Mockapetris, P.V. (November 1987). "Domain names - concepts and facilities" (HTML). IETF Documents. IETF. doi:10.17487/RFC1034. Retrieved 24 July 2017. Relative names are either taken relative to a well known origin, or to a list of domains used as a search list. Relative names appear mostly at the user interface, where their interpretation varies from implementation to implementation, and in master files, where they are relative to a single origin domain name. The most common interpretation uses the root "." as either the single origin or as one of the members of the search list, so a multi-label relative name is often one where the trailing dot has been omitted to save typing.
Secondly, the client application needs to know what the web service actually does, so that it can invoke the right web service. This is done with the help of the WSDL, known as the Web services description language. The WSDL file is again an XML-based file which basically tells the client application what the web service does. By using the WSDL document, the client application would be able to understand where the web service is located and how it can be utilized.

Interoperability amongst applications - Web services allow various applications to talk to each other and share data and services among themselves. All types of applications can talk to each other. So instead of writing specific code which can only be understood by specific applications, you can now write generic code that can be understood by all applications
Web services are almost like normal a web page. The difference is that they are formatted to make it very easy for a program to pull data from the page, to the point of probably not using any HTML. They generally also are more reliable as to the consistency of the format, may use a different formal process to define the content such soap or raw xml, and there is often also a descriptor document that formally defines the structure for the data.
"All the standard Web Services works using following components:" ... the problem with this answer is that it suggests that web services do or must operate within the SOAP/WSDL mechanism. This is inaccurate. Representational State Transfer (REST) is another very popular paradigm for implementing web services. Some major websites have deprecated their SOAP services in favor of REST web services. – scottb Jul 7 '15 at 15:50
Many organizations use multiple software systems for management.[citation needed] Different software systems often need to exchange data with each other, and a Web service is a method of communication that allows two software systems to exchange this data over the Internet. The software system that requests data is called a service requester, whereas the software system that would process the request and provide the data is called a service provider.
^ Mockapetris, P.V. (November 1987). "Domain names - concepts and facilities" (HTML). IETF Documents. IETF. doi:10.17487/RFC1034. Retrieved 24 July 2017. Relative names are either taken relative to a well known origin, or to a list of domains used as a search list. Relative names appear mostly at the user interface, where their interpretation varies from implementation to implementation, and in master files, where they are relative to a single origin domain name. The most common interpretation uses the root "." as either the single origin or as one of the members of the search list, so a multi-label relative name is often one where the trailing dot has been omitted to save typing. 

In 1993 the U.S. Department of Commerce, in conjunction with several public and private entities, created InterNIC to maintain a central database that contains all the registered domain names and the associated IP addresses in the U.S. (other countries maintain their own NICs (Network Information Centers) -- there's a link below that discusses Canada's system, for example). Network Solutions, a member of InterNIC, was chosen to administer and maintain the growing number of Internet domain names and IP addresses. This central database is copied to Top Level Domain (TLD) servers around the world and creates the primary routing tables used by every computer that connects to the Internet.
^ Mockapetris, P.V. (November 1987). "Domain names - concepts and facilities" (HTML). IETF Documents. IETF. doi:10.17487/RFC1034. Retrieved 24 July 2017. Relative names are either taken relative to a well known origin, or to a list of domains used as a search list. Relative names appear mostly at the user interface, where their interpretation varies from implementation to implementation, and in master files, where they are relative to a single origin domain name. The most common interpretation uses the root "." as either the single origin or as one of the members of the search list, so a multi-label relative name is often one where the trailing dot has been omitted to save typing.
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A web service is something that a website chooses to offer to those who wish to read, update and/or delete data from your website. You might call it a "backdoor" to your data. Instead of presenting the data as part of a webpage it is provided in a pre-determined way where some of the more popular are XML and JSON. There are several ways to communicate with a webservice, some use SOAP, others have REST'ful web services, etc.
^ Mockapetris, P.V. (November 1987). "Domain names - concepts and facilities" (HTML). IETF Documents. IETF. doi:10.17487/RFC1034. Retrieved 24 July 2017. Relative names are either taken relative to a well known origin, or to a list of domains used as a search list. Relative names appear mostly at the user interface, where their interpretation varies from implementation to implementation, and in master files, where they are relative to a single origin domain name. The most common interpretation uses the root "." as either the single origin or as one of the members of the search list, so a multi-label relative name is often one where the trailing dot has been omitted to save typing.
A web service always hides the internal complexity of the service to its clients. For an example, an airliner which is selling tickets via a third party portal is only gathering end user info via a web service and in return it is providing ticket. The portal which is selling ticket doesn't have to bother about the internal complexity of the airlines ticket reservation systems.
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You can find out if a domain name is available by searching at the top of this page. If the domain name you want is not available, try selecting a suggested alternative that appears or searching again. If you’re still stuck, our free guide, Bringing your business online: How to choose a domain name and more, provides some more in-depth information about domain names and helps guide you through the process. 

Now we discussed in the previous topic about WSDL and how it contains information on what the Web service actually does. But how can a client application locate a WSDL file to understand the various operations offered by a web service? So UDDI is the answer to this and provides a repository on which WSDL files can be hosted. So the client application will have complete access to the UDDI, which acts as a database containing all the WSDL files.
A web service is any piece of software that makes itself available over the internet and uses a standardized XML messaging system. XML is used to encode all communications to a web service. For example, a client invokes a web service by sending an XML message, then waits for a corresponding XML response. As all communication is in XML, web services are not tied to any one operating system or programming language—Java can talk with Perl; Windows applications can talk with Unix applications.
Unlike traditional client/server models, such as a Web server/Web page system, Web services do not provide the user with a GUI. Web services instead share business logic, data and processes through a programmatic interface across a network. The applications interface, not the users. Developers can then add the Web service to a GUI (such as a Web page or an executable program) to offer specific functionality to users.
A developer using a top-down model writes the WSDL document first and then uses a code generating tool to produce the class skeleton, to be completed as necessary. This model is generally considered more difficult but can produce cleaner designs and is generally more resistant to change. As long as the message formats between the sender and receiver do not change, changes in the sender and receiver themselves do not affect the Web service. The technique is also referred to as contract first since the WSDL (or contract between sender and receiver) is the starting point.[6]
Web services are used for a variety of applications, but the most common is for reusing code and connecting existing programs. The web service method can help developers segment applications into components that can be used and reused for various needs. For example, more than one program might need a conversion tool or a reporting function. This is possible due to web services’ universal communication protocols.
The gaining Registrar must obtain express authorization from either the Registered Name Holder or the Administrative Contact. A transfer may only proceed if confirmation of the transfer is received by the gaining Registrar from one of these contacts. The authorization must be made via a valid Standardized Form of Authorization, which may be sent e.g. by e-mail to the e-mail addresses listed in the WHOIS. The Registered Name Holder or the Administrative Contact must confirm the transfer. The new registrar starts electronically the transfer of the domain with the help of the authentication code (auth code).
In 1993 the U.S. Department of Commerce, in conjunction with several public and private entities, created InterNIC to maintain a central database that contains all the registered domain names and the associated IP addresses in the U.S. (other countries maintain their own NICs (Network Information Centers) -- there's a link below that discusses Canada's system, for example). Network Solutions, a member of InterNIC, was chosen to administer and maintain the growing number of Internet domain names and IP addresses. This central database is copied to Top Level Domain (TLD) servers around the world and creates the primary routing tables used by every computer that connects to the Internet.
Web services use something known as SOAP (Simple Object Access Protocol) for sending the XML data between applications. The data is sent over normal HTTP. The data which is sent from the web service to the application is called a SOAP message. The SOAP message is nothing but an XML document. Since the document is written in XML, the client application calling the web service can be written in any programming language.
A web service is a software system designed to support interoperable machine-to-machine interaction over a network. It has an interface described in a machine-processable format (specifically WSDL). Other systems interact with the web service in a manner prescribed by its description using SOAP-messages, typically conveyed using HTTP with an XML serialization in conjunction with other web-related standards.
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