My guess: first, it would be swamped with candidates from fly-by-night institutions granting degrees that would make the University of Phoenix look like Harvard.
This would lead to a call for for gatekeeping of degree-granting institutions, only we'd call it accreditation rather than gatekeeping.
Once that cycle completed, you'd find that among the many candidates who all had BS in Computer Science from some unspecified (but accredited) universities, some of them came with an additional verifiable credential that they had earned the prestigious "Leland Stanford Award for Excellence in Undergraduate Computing", while others had verifiably won the "William Barton Rogers Award for Excellence in Engineering and Physical Sciences" each granted to the several hundred of the top students each year...
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My guess: first, it would be swamped with candidates from fly-by-night institutions granting degrees that would make the University of Phoenix look like Harvard.
This would lead to a call for for gatekeeping of degree-granting institutions, only we'd call it accreditation rather than gatekeeping.
Once that cycle completed, you'd find that among the many candidates who all had BS in Computer Science from some unspecified (but accredited) universities, some of them came with an additional verifiable credential that they had earned the prestigious "Leland Stanford Award for Excellence in Undergraduate Computing", while others had verifiably won the "William Barton Rogers Award for Excellence in Engineering and Physical Sciences" each granted to the several hundred of the top students each year...