I agree but don't see it working out. Ownership implies that a person or a team becomes irreplaceable or at least more difficult to replace. People stop being resources and go back to being people. Management is not going to like that.

At one business I was a part of where that experiment was tried, it failed badly. In reality, people were being switched around on projects and the "owner" was changing every few months. The end result was quite messy, both in terms of technical debt and politics(about who's the final decision maker).