Jack Dorsey:

Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard for social media. The goal is for Twitter to ultimately be a client of this standard.

Color me surprised and impressed. My first thought was, “why create something brand new when smart people have been working on open standards for a long time already?” Then I read on:

For social media, we’d like this team to either find an existing decentralized standard they can help move forward, or failing that, create one from scratch. That’s the only direction we at Twitter, Inc. will provide.

Verrry interesting, indeed. What do you think will come of all this?