It works but it doesn’t really require a specific group or voting/etc imo. If anyone wanted to do this, they’d simply need to give out their plan and seeds to anyone trustworthy who is willing to continue the project. The testers threads here basically, but with the stipulation that you actually want people to make seeds. And send a few back.
I think for making a sort of heirloom line it’d work well. Or at least something where you could embrace variety.