This will not work. There are no incentives for different groups of people to collaborate on a single shared communication standard. The incentive is for entities to keep data to themselves. Also, this standard is too complex and unclear. Complex standards which try to bring together many different technologies under one abstraction never seem to work.

Also, universal standards are not necessarily a good thing. Decentralization with multiple competing tools and standards is good as it provides redundancy and opportunities for specialization.