But I just have one question. How does this all actually work? The reason behind it seems good enough, but does it actually help catch the bad guys.
imagine the olden days where employers would have to read a CV. then look at what secondary/high school a person went to. search for that schools website, click the results page and then have to search by typing in the applicants name, date of birth and years attended..
then repeating all of that again for all of the schools the applicant went to
now..
imagine every school has a verified bitcoin address..
and so does the individual applicant.
the applicant simply shows his verified 'scholar' bitcoin address
and the employer with just one address can see all the 'bits' sent to it from the different schools
and if there are head hunters wanting only applicants from MIT. they can search MIT's address to see all the certificates
... well thats how i presume it could work