I doubt that this blockchain will do anything of note. The whitepaper sounds more like a manifesto rather than a technical whitepaper. An excerpt of one of the technical bits:

We propose a novel system of using blockchain to form a “rope” of interrelated
blockchain strands, or “fibers”. The common fiber will be the financial
blockchain ledger. The surrounding fibers or strands will be the individual
personal strands of all users of the platform. Consider the event that Personal
Fiber A engages in a transaction with Person Fiber Z. This engagement forms a
knot in the common financial fiber.

Like what does that even mean? Either they are inept at talking about technical specifications or they don't know what they are talking about. I would probably bet on the second.