In practice it's an entire ecosystem of certifications, professional calibration of panels, efficient encoding formats, etc...
To reproduce the end effect of Dolby Vision you'd have to have a team of people liaising with television manufacturers, and makers of production software like DaVinci Resolve.
It's not a trivial task that can be done through open source. It's real work that costs money.
We can all hope and wish for open standards, but it's a bit like trying to come up with an open architecture for a railway bridge. It'll still take real work to customise it to any particular valley, the local geography, and the specific requirements. Dolby Vision is similar. The mapping from the full signal range to each specific panel is a complicated thing that requires quite a bit of work to determine.