While I don't necessarily condone this, it is an interesting thought. Social motivation (i.e. what people think about us) is one of the most powerful motivations in the world. How would the world change if everyone knew everything? Would we be motivated to be better people?
What if everyone's credit score was public or everyone knew how much time people spent on Facebook, watching TV, or similar activities? Would we become better?
Imagine if political and business leaders were elected on such characteristics, the truth. What if everyone was known for who they really were? Would crime and corruption go down? Would there ever be another war if people understood each other better?
It'd sure make dating easier...do you really want to start a life with this person now that you know what they are? Do you want this person to be the mother/father of your children? The bar would certainly be lower, because nobody is perfect and everyone has secrets.
Would the truth be beautiful once it’s universal? People who lived lives of quiet desperation (more than we think) would find out how many other people are just like them. Would people stop being ashamed of who they are? Would rates of mental illness, suicide, and depression plummet?
Would the world be better? I assure you it'd be more compassionate. People would be less likely to judge people based on unrealistic standards while quietly ignoring their own shortcomings.
I wouldn't be surprised if in the next 20 years we saw an 'Open' organization where people opt-in to share everything about themselves and make everything public. Maybe it'd be cathartic, maybe it wouldn't catch on, but with enough critical mass the social pressure would be interesting to see (i.e. how those running for political office are pressured to release past tax filings).
An interesting thought.