This report is centered on the emerging concept and technology of Open Badges (OBs) that are offering novel means and practices of motivating, scaffolding, recognizing, and credentialing learning. OBs are closely associated with values such as openness and learners' agency, participatory learning and peer-learning communities. This report points to the distinctive features of OBs and how they have positioned OBs as suitable candidates for addressing some of the pressing challenges in the context of lifelong learning, including (but not limited to) (1) recognition of learning in multiple and diverse environments that go beyond traditional classrooms; (2) recognition of diverse kinds of skills and knowledge, including soft and general skills; (3) support for alternative forms of assessment; (4) the need for transparent and easily verifiable digital credentials. The report also offers an overview of the major issues and challenges that might delay or even prevent widespread adoption of this emerging technology.