One algorithm to rule them all?

In the world of computers interoperability is key. If I send you an e-mail from my machine I should hope that you’re e-mail client would be able to read it. This is why we have standards. Standards are a good thing. They allow people to focus on improving performance and driving down costs instead of splintering user base and polluting the world with… less than elegant designs. But what if relying on a single standard is not the correct way to do things either?