Looks a bit like Illich’s Four Networks, though more explicitly a marketplace (cf Christopher Alexander).
I can see how some parts of the network are almost in place – standards for the “products” (learning opportunities and learning resources).
However, in any market the key components are the standards for exchange; payment is in there already, but for formal education we also have qualifications and credit backed by the reputations of institutions. In an open ed space, the credit exchange mechanism has to be opened out (I’m not sure how well badges can really handle this)
(David is right that this is a self-organising system, however I think the regulators in this model are the exchange systems. Without these you’d need some sort of brokerage authority that rationed services and providers in a supply-side fashion… rather like HEFCE.)