No, because it doesn't take into account the symmetries of gravity. The problem of quantum gravity is to construct the quantum theory, whose classical limit is general relativity; and that provides a way for resolving the spacetime singularities, that are inevitable because the group of symmetries of general relativity, the group of diffeomorphisms, is a gauge group that isn't compact.
It is known how to construct quantum theories, whose gauge group is compact; what's not known is how to do so for gauge groups that are non-compact, in particular, for the group of diffeomorphisms of spacetime.
Thank you for the response. In my theory it shows that spacetime doesn't actually exist: all of the results of GTR are recovered with a 3-d universe. I would welcome all feedback on this.
the article is about producing the gravitational force through quantum events. How the particles behave near a singularity is determined in another article.
Once more: That claim is equivalent to the claim of producing invariance under diffeimorphisms by quantum effects. And that's missing. The problem isn't that of describng quantum matter, but quantum geometry.
If you read my article linked below, I prove that if c has units of dist/time, then our measurement of time is not dependent on how fast light moves, it is only dependent on how far light travels. This means that light doesn't travel in or through time, light simply moves and we measure time based on how far it moved... Therefore spacetime doesn't exist, and therefore we do not need to consider diffeomorphisms on the manifold of spacetime. Instead such morphisms apply to 3-space. This model accurately predicts redshift, lensing, black holes, time dilation, velocity curves without dark matter (something GTR doesn't do), and it models gravity almost perfectly while resolving the issues at the singularities (objects break into fundamental components near the event horizon: fundamental particles have no volume (d=0) so the net force at the event horizon is 0 but the mass still contributes to the index of refraction) causing other particles to "fall in".
Research THE FRAMEWORK FOR A UNIFIED THEORY OF EVERYTHING
"... I prove that if c has units of dist/time, then our measurement of time is not dependent on how fast light moves, it is only dependent on how far light travels."
In my opinion it is correct. However, without the existence of a universal metric it is difficult to prove. Unfortunately the metric depends on the "density" of universal scalar field (Higgs field) and it shows that it is not the same in every direction (max deviation about 14%).
[I haven't read your paper, only the first sentences of your last comment.]