TRANSPORT MECHANISMS ARE NOT DATA STANDARDS!
It is great that they want to build on REST and use common authentication standards and what-not: but that's not the hard problem. The hard problem is the data itself (including the critical structure of the data) and getting it to agree.
I liken it to someone that wants to build a rail system out of LEGO and then saying it is a 'standard system' because the LEGO are all the same...but they don't say anything about the size of the tracks, the overhead clearance, how the train systems should act in case of junctions or possible collision.
This is yet another 'data transfer standard' that hand-waves away the hard part -- the inter-compatible data model.