Its nothing but unattached moving parts. Thumbs up for creativity, but you are re-inventing the wheel by making it half a dozen times more complicated.
It's not as complicated as it appears. It's actually less when you compare it to traditional folding and multi-piece knives. Let me outline some of the advantages:
One of the advantages to be gained is no single pin swivel design. My proposed design is double pin (see drawing above) with no moving
interlocking swivel parts. A design with less necessity for delicate parts.
Of course, the other advantage is the blade is fully enclosed from the elements when inside the handle and the hollow handle can serve as small storage for additional supplies, like matches, cotton, etc.
Additionally, as long as the handle doesn't break, I don't see yet how this kind of "lock" can fail. Just look at how it's set up. The blade is held to the disc block with two strong pins (not one) and is not designed to swivel. Then the disc is held down against the bottom inside of the knife handle by a hollow steel cylinder that fits tightly in the handle behind it and is secured by the stainless steel or reinforced aluminum screw cap. The blade would probably break in half before the "lock" failed with that kind of configuration of parts. With a swivel design, there's always a chance the blade can swing back and cut you. Just as with a fixed blade, there is no chance,
no chance, of swing back with the design I am proposing. Zero.
Lastly, I like round handle folding knives like opinel. I also like to carry a folding knife to spare my fixed knife for when I really need it. The Opinel Outdoor No. 8 is a robust knife but I'll never be 100% confident with that polymer handle. And plus it's probably not even an environmentally friendly plastic. I realize multi-piece knives are not meant to perform like fixed blade knives but what if you lose your fixed blade in an emergency and all you have is your multi-piece knife? I want the most robust multi-piece knife low to mid or even high pricing will allow. And it doesn't have to be a titanium handle. It's not like a strong handle can't be made out of cheaper steels.