The document discusses oneM2M, an open standard that enables interoperability for the Internet of Things. OneM2M has over 200 member organizations and aims to provide common service functions and APIs to facilitate cross-domain interoperability. It serves as a horizontal platform and can interwork with various technologies. OneM2M's capabilities include device management, semantics, security features, and interworking with 3GPP cellular networks and other standards. The first commercial platform based on oneM2M was launched in Busan, Korea to support smart city services.