I have been in the really high level SEO space for a long time and the second I saw this it made me very uncomfortable for that reason.

Theoretically it absolutely could, in reality, it's hard to say but I wouldn't be overly enthused about people pointing random domains at any site I owned.

In short, Not to trash the people behind it, it is really well intentioned and I love the concept but reality may pose problems that end up doing more harm than good.