Murphy was an optimist........ so although this will certainly work, knowing human nature and people's inability to maintain proper protocols, your offering up a disaster waiting to happen. This concept is fraught with danger, especially if someone plops this in a crowded tent..
Buy a standard CO2 setup, they work effectively and are NOT expensive, I got mine from ebay used for less than $100 with a CO2 monitor included! All these other things, CO2 bags, fermentation, etc, are just Rube Goldberg junk just waiting to cause someone grief.