DPI can be seen as part of a broader effort to reinvent our relationship to the internet—and, more generally, our digital ecosystem. A large part of its normative appeal stems from the “P” in the acronym: the sense that core functionality on the internet (i.e., identity, payments, data exchange) should not merely serve private ends but rather be reimagined as a set of public goods
Who needs Venmo when you have this?
There is a growing need for open standards for formats used to represent text, images, video and other collections of data, so that one producer's data will be accessible to another's software.
Data formats are like currency. Either standardize it or make sure there are converters. Money exchange. Most used formats are valuable but also valuable content in a rare format makes the converter more valuable.
Correa, R., Du, W., & Liao, G. Y. (2020). U.S. Banks and Global Liquidity (Working Paper No. 27491; Working Paper Series). National Bureau of Economic Research. https://doi.org/10.3386/w27491