Over on IndieGoGo there’s a project for MOX – an open source mezzanine codec for (mostly) postproduction workflows and archiving. The obvious advantage over existing codecs like ProRes, DNxHD and Cineform is that MOX will be open source, so there is significantly reduce risk that the codec might go away in the future, or stop being supported.
Technically the project looks reasonable and feasible. There is a small, but significant, group of people who worry that support for the current codecs may go away in the future. There’s no real evidence for this, other than that Apple has deprecated old, inefficient and obsolete codecs by not bringing them forward to AVFoundation.
I have more concerns for the long term with an open source project. History shows that many projects start strong, but ultimately it comes down to a small group of people (or one in MOX’s case) doing all the work, and inevitably life’s circumstances intervene.
MOX is not a bad idea. I just doubt that it will gain and sustain the momentum it would need.