It is important that standards do not obstruct innovation - very beneficial if they can assist.
Innovation is risky and costly for enterprises.
The development of Television saw technologies competing on a regional, almost a national, basis. Apart from the losses and waste which resulted, the consumer was disadvantaged as the technologies were not internationally portable. In the more recent development of GSM telephones, industry agreed some common standards at an early stage. The European GSM network of today resulted - in some countries there are already more GSM than traditional 'landline' phones, and ownership is tending towards, virtually everybody. A possible danger in such rapid innovation is that it tends to be led by major industry players, and there is a danger that the use of the technology may be too concentrated for reasonable competition to develop - small companies may be shut out.