It could be. I do not know enough about how that all works technically. After reading some of blocktrades posts, it doesnt seem to be all about 3 second blocktimes. Many other factors appear to be involved.
I agree this might not be technically feasible, at least to the point where it is worth it as a useful application.
Someone with more technical know how would have to chime in on all this.
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Well the transitions on HIVE take 3 seconds, from what I knew, but if all this is not true it would be a more feasible project, however if you have any updates let me know, especially if I can help!