Progress is progress, so when a technology can be developed, shared, collaborated on, and integrated into pretty much every device that touches the Internet, that is good for everyone.
Web Real-Time Communications (WebRTC) is a video streaming protocol that you most likely have used, you just didn't know it.
"Web Real-Time Communications (WebRTC) recently became a World Wide Web Consortium (W3C) recommendation and Internet Engineering Task Force (IETF) standard. This is a major milestone on a long journey for WebRTC that started in 2011 with Google open-sourcing key communication technologies and Ericsson implementing the ConnectionPeer API. The new standard will continue to evolve as the WebRTC Working Group strives to integrate new use cases — live processing of audio and video feeds, Internet of Things use cases, and more."
Your Own Online Video Standards