I don't think we will ever have a live draft where teams can actively change their draft order. At best we will have a live replay, like we do with games. And my system could be used with a live replay as easily as the current system.
This is how the current draft works. The teams line up in a queue, with their draft lists. The first team makes their pick, and the other teams cross it off their list. The next team goes ahead and picks the top remaining player, and so on. The team that drafts last may have there eye on their 1st choice all through the round, as their lower choices are picked by other teams. And then the 2nd to last team has their turn, and they pick their 7th choice, who just happens to be the 1st choice of the next team.
A draft lottery would scramble it a bit, but would still mean the last teams are stuck with what ever is left.
But my system is like everyone goes over to their 1st pick. If a team wants a given player more than anyone else, he will go with that team. If multiple teams want a player about the same, he will go with the weaker team where he can make more of an impact.
Imagine if you were the agent for a player, and you were talking to a scout about your client. He makes a whinnying sound, and then a sound like a buzz saw. You ask him what the sounds are, and he says something about a horsemeat factory. You suddenly realize that he is giving you his evaluation of your player. Would you want that team drafting him, or a team that had rated him higher?
So my system is a bit more like a FA system, but without cash involved. I think you may be able to give more information about players in such a system.
Another possible system would be more like the TL, except you would be spending something other than cash, so that lower ranked teams could be given more of this resource to offer to the young FA. So imagine if you went to this new TL, but instead of searching, you would be shown the players you had scouted. You could then no more about them, but might be bidding against other teams in your country who had scouted him. You could allocate your bidding resources accordingly.