Standards in blockchain create common rules that all systems agree to follow. For example, a token standard defines a transfer method that all tokens must implement. This way, different tokens can be used by other systems without confusion. The code example shows a TokenStandard class with a transfer method declared but not implemented. Then, MyToken inherits this standard and implements the transfer method. When MyToken's transfer is called, it prints the transfer details. This confirms that MyToken follows the standard and can work with other systems expecting that method. If a token does not follow the standard, other systems cannot use it easily. Thus, standards enable interoperability by ensuring all systems speak the same language.