WordPress LTI Basic Provider Plugin Development

I am hoping someone here might be able to develop a plugin that would turn WordPress Multisite into an LTI Basic Provider. LTI stands for Learning Tools Interoperability As seen here, http://www.somerandomthoughts.com/blog/2011/11/28/moodle-2-supports-connecting-to-ims-lti-tools/ this would allow WordPress Multisite to be added as an Activity in say WordPress, Sakia, Blackboard, etc.

And more on the LTI standard: http://www.imsglobal.org/lti/

This could be a huge success in educational circles for those using both WordPress for publishing and say Moodle for learning.

Any thoughts on this?