One aspect of the question regarding a possible relationship between blockchains and Open Badges is to wonder whether the blockchain should be treated as some kind of add-on to the existing Open Badge structure/standard, or should Open Badges be integrated within a blockchain?
A starting point for an informed answer to this question is to do a simple test: take an Open Badge generated by one issuing platform and try to import it into another issuing/hosting platform. I have done this experiment recently, taking only a very small sample, and the results were rather… (un)conclusive — BTW, one suggestion for the Standards Working group would be to run a real life interoperability test (not just through a formal proof) across all platforms and publish the results.
Interoperability is a classical problem to which the ePortfolio community was confronted some years ago and to which no convincing answer was ever provided — the IMS-Global ePortfolio and Leap2A specifications (2 specifications for interoperability is already one too many!!!) are only used by a handful of ePortfolio platforms — notwithstanding that there are many ePortfolios that do not use any ePortfolio platform at all! Moreover, when we organised plugfests during previous ePIC conferences, we had to admit that 3 platforms using the same technical specification (IMS ePortfolio at the time) had problems understanding each other: exporting one ePortfolio from one platform then importing it to another did not always work properly…
One could have imagined that with a structure much simpler than ePortfolios, the problem of interoperability would have disappeared. It has not. And now that we have allowed extensions to the specification, the order of magnitude for potential interoperability problems has increased geometrically, not just arithmetically. Yet, the possibility to extend the specification, even by one single issuing platform, willing to gain a competitive advantage, with a better or innovative service, should probably be allowed. We certainly do not want a “one-size-fits-all” issuing platform. Innovation must go on!
The Open Badge Ecosystem is a conversational system, where things are not fixed once and for all. The value of credentials is not absolute, it varies across space and time, as well as with the position of the observer within the network. Looking at the dynamics of networks construction, their topology, how clusters are formed and relate to each other, will help us compute the level of confidence one might assume in making a decision based on the information provided by the network. Would the introduction of a distrust component, a Badge of Distrust (BoD), improve the quality of the decision making process? Are there potential risks associated with BoDs?

I have lost friends whose irreverent cartoons contributed to forging my character and political views. Cabu and Wolinski were among the heros of my teenage years. Nothing was sacred to them, nothing but life! Their murder, the murder of an entire editorial board by bigots acting on behalf of a criminal organisation has transformed some of my favourite cartoonists and economist (Bernard Maris) into another kind of heros: heros of democracy and free speech.