Providers of free online courses are officially in the headhunting business, bringing in revenue by selling to employers information about high-performing students who might be a good fit for open jobs.
Source: The Chronicle of Higher Education
To me, the next step is the integration and standardization of community contributions in serious online communities of practice. When they have a way to transfer and talk about reputation, about community value, they also will have access to this very promising revenue stream. The well-known Q&A community StackOverflow has had this business model for quite some time now with a very valuable online Q&A site on the one hand (for some the best and most up-to-date resource online in their field), and a careers site on the other in perfect symbiosis. Other IT-related communities are also taking the ‘online reputation’ more seriously and with the Open Badge Infrastructure, and similar initiatives, this might spread to other industries as well.
For more in-depth information about this topic, please have a look at a book chapter I’ve written on the topic on Research Gate.
EPIC - The Future of Education - a must see..
Systems of accreditation do not assess merit; merit is a fiction created by systems of accreditation. Like the market for skin care products, the market for credentials is inexhaustible: as the bachelor’s degree becomes democratized, the master’s degree becomes mandatory for advancement. Our elaborate, expensive system of higher education is first and foremost a system of stratification, and only secondly — and very dimly — a system for imparting knowledge.
Nice quote in a provocative and informative article that makes you think, called “Death by degrees”.
— via the great Uncollege newsletter by Dale Stephens.
The winners of the Open Badge contest have been announced. Very cool competition to support innovative projects that aim to develop tools and methods for open assessment and recognition of skills through an Open Badge Infrastructure (OBI). The OBI is developed by the Mozilla Foundation (with funds from the MacArthur foundation) in collaboration with P2PU.org (Peer2Peer University). It is a very promising project that might lay the foundation for a true distributed online reputation/badge system. The project is interesting, because it shows a shift from formal, centralized assessment and certification toward other kinds of assessment of both soft and hard skills in a decentralized infrastructure that allows anyone to earn a coherent badge-based reputation. Such a reputation is managed by the user self, and each online community or forum, course, open education initiative, museum, etc. is able to connect its badge system to this infrastructure using the protocols described by it. Doing this increases the likeliness that a badge-ecosystem emerges that is much better able to recognize skills and show it to relevant people (including employers).

More information on the project: openbadges.org.
Winners include the cool Curiosity Machine, a Virtual Ecotourism project, and many more (but I cannot view them anymore, the links seem broken)
The email below tries to explain (also to myself) what the hell I am doing.. I sent it to a company called Fog Creek software, creators of the StackExchange platform, which is used widely by online communities to manage questions and answers. I will soon add a graphical representation of what I mean, but until then, this is it.
…
Dear StackOverflow,
I am currently doing my PhD research on reputation in online communities to support online learning, self-organization, and reputation building. I sincerely like your reputation system, and find it a good benchmark to work from. It includes many aspects of the Yahoo design patterns, and it’s quite user-friendly and customizable.
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