Quite possibly, though without knowing the details of the protocol it's difficult to say for certain. It does support daisy chaining though
At the moment you've got two power cables and two data cables for each monitor you've got by your PC (more for sound with built in monitor speakers.) This technology could mean you have one cat5 cable going from your PC to your monitor, and another one going from that first monitor to the second. All other cables (including power) are done away with - I see that as fewer cables!