But you can see the questions yourself. If you did a degree you'd know if it was the sort of level that you'd expect from a university student. If someone can answer university level questions, why do they need to go to university?
As for the profs, you can hire them from the same universities. They're allowed to work on the side.
> 2. When the exam is cheap and the only source of credit, fraud is a much bigger risk than for normal university exams. Apart from anything else, outright bribery is now a risk at every level in the process, because a good exam result is worth far more in lifetime earnings than you can afford to pay anyone involved.
Sure, so rent a hall, make people walk through a metal detector, etc. Make sure the papers are seen by several randomized people.
It's a trust building exercise, that's true. But plenty of businesses depend on trust, and it's not like nobody has managed to build trust before.
Sure, but how long are you going to spend reading the syllabus/example questions for some qualification you've never heard of, versus just assuming it's junk like most of the other random qualifications you haven't heard of that people list?
> As for the profs, you can hire them from the same universities. They're allowed to work on the side.
They can, but people will talk. At professor level the people in the same field know each other and reputation is important, especially for the very top level.
> plenty of businesses depend on trust, and it's not like nobody has managed to build trust before.
Bootstrapping an alternative trust basis in an area where one already exists is inherently much harder, because everyone assumes (not unreasonably) that you're probably doing it because the existing system doesn't trust you, probably for good reason.