From Houdini 19
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Why do I see the message "License is not useable with current DNS settings"?
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This is a message in the license diagnostic to indicate there is an issue with the DNS resolution. The resolved name does not match the hostname the licenses are installed to.
The License Administrator (hkey) and sesictrl (non-graphical license tool) will install to the listed machine name, which may differ from the physical machine name.