Don't think so.... thats why we have Dolby Vision and HDR. Thats why we had HD dvd and Blu-ray. Thats why we have lightning cables and mini USB or USB-c. That's why there's Phillips Hue and IKEA's version. That why's there's Google and there's Bing.
No matter what we're talking about... companies don't want 1 standard. Not having standards actually is what drives economics.
Your taking it out of context, why do you think movie makers don't go "making blu-ray clones" for their own movies? instead, they use something publicly available that everyone else is using. there will be competition, like bitcoin/ethereum etc just like hd dvd/blue ray.