Individuals and companies knowing more information about the professional history of the people they're doing business with is always better.
I get your point though - I'm just more inclined to believe this would be used for good, rather than evil. I also agree that people should have a chance at redemption.
I think you might be over-stating the effect this would have. Most people won't care. And if Elon Musk is any indication, having a bad reputation only hurts so much if the offering is compelling (eg. Space-X, Tesla). Both of those are huge successes despite Elon having a questionable reputation personally and professionally.
Note - I'm making no judgement here - I'm just talking about the consensus opinion on Elon as I see it.