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Without prejudice to other definitions I would say that a web service is software system that allows for inter-operable machine-to-machine / application-to-application interaction over a network. This generic definitions would also help consider REST architectures to be a web service as they provide similar functionality albeit being an architectural style unlike the SOAP which is a fully defined protocol.
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.
Registration of a domain does not automatically imply the provision of DNS services for the registered domain. Most registrars do offer DNS hosting as an optional free service for domains registered through them. If DNS services are not offered, or the end-user opts out, the end-user is responsible for procuring or self-hosting DNS services. Without DNS services for the domain, the registration is essentially useless for Internet services, although this situation is often encountered with domain parking and cybersquatting.
"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
Synchronous or Asynchronous functionality- Synchronicity refers to the binding of the client to the execution of the service. In synchronous operations, the client will actually wait for the web service to complete an operation. An example of this is probably a scenario wherein a database read and write operation are being performed. If data is read from one database and subsequently written to another, then the operations have to be done in a sequential manner. Asynchronous operations allow a client to invoke a service and then execute other functions in parallel. This is one of the common and probably the most preferred techniques for ensuring that other services are not stopped when a particular operation is being carried out.
The term Web services describes a standardized way of integrating Web-based applications using the XML, SOAP, WSDL and UDDI open standards over an Internet protocol backbone. XML is used to tag the data, SOAP is used to transfer the data, WSDL is used for describing the services available and UDDI is used for listing what services are available. Used primarily as a means for businesses to communicate with each other and with clients, Web services allow organizations to communicate data without intimate knowledge of each other's IT systems behind the firewall.
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.

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.
Domain names can be used in a number of ways. Direct visitors to your website’s home page or use complementary domains to send them to specific areas of your website ( e.g. yourcompany.jobs for a careers page). Or, forward a custom domain to an existing social media account, like your Twitter profile or Periscope channel. With a domain name you can even set up custom email addresses like [email protected], which can be used to conduct business or communicate with your followers. More.
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