Since starting work with Moodle, I’ve been advocating for upgrading its Open Badges implementation to v2.0. It’s on the horizon, thankfully. The reason I’m particularly interested in this is endorsement, the value of which is explained in a post by Don Presant:

What’s so exciting about Endorsement, you may ask. Well, for one thing, it promises to resolve recurring questions about the “credibility of badges” by providing third party validation that can be formal (like accreditation) or informal (“fits our purpose”). Endorsement can also strengthen collaboration, increase portability and encourage the development of meaningful badge ecosystems.
I've known Don for a number of years and have been consistently impressed by combination of idealism and pragmatism. He provides a version of Open Badge Factory in Canada called 'CanCred' and, under these auspices, is working on a project around a Humanitarian Passport.
Endorsement of organisations is now being embedded into the DNA of HPass, the international humanitarian skills recognition network now in piloting, scheduled for public launch in early 2019. Organisations who can demonstrate audited compliance with the HPass Standards for Learning or Assessment Providers will become “HPass Approved” on the system, a form of accreditation that will be signposted with Endorsement metadata baked into their badges and a distinctive visual quality mark they can display on their badge images. This is an example of a formal “accreditation-like” endorsement, but HPass badges can also be endorsed informally by peer organisations.
The ultimate aim of alternative credentialing such as Open Badges is recognition, and I think that the ability to endorse badges is a big step forward towards that.

Source: Open Badge Factory