The goal would be a variable ratio gearbox using a fully mechanical system, using a spring and a hammer type mechanism to convert one torque/speed to another torque/speed.
This is already done in impact wrenches, but I would hope that rather than having an impact rate of say 5 Hz, you have an impact rate of 50 kHz or more, allowing a smooth conversion from one speed to another.
Obviously, the difficulty is in the details - designing parts to withstand 50k hammers per second for years of operating without failing from fatigue.
Various other mechanical things already operate at high mechanical frequencies. SAW filters vibrate things mechanically at Ghz and don't suffer fatigue failures.