The second component of the `word wide web` is the HyperText Markup Language (HTML). HTML defines the format of the documents that are exchanged on the `web`. The `first version of HTML <http://www.w3.org/History/19921103-hypertext/hypertext/WWW/MarkUp/Tags.html>`_ was derived from the Standard Generalized Markup Language (SGML) that was standardized in 1986 by :term:`ISO`. SGML_ was designed to support large documents maintained by government, law firms or aerospace companies that must be shared efficiently in a machine-readable manner. These industries require documents to remain readable and editable for tens of years and insisted on a standardized format supported by multiple vendors. Today, SGML_ is no longer widely used beyond specific applications, but its descendants including :term:`HTML` and :term:`XML` are now widespread.