A standup is not "doubting you" and five minutes once a day is not "real time". It's rather the opposite; everyone is trusting you to raise issues when relevant, and making space to do that, rather than letting anyone interrupt anyone else anytime they think of something.
It can go wrong if you have shitty teammates, a detached PO, a selfish team lead, etc. So will everything else.
If it's really 5 minutes a day and if you're really satisfied with every monkey nodding once, then sure, this ritual can be accomplished with a moderately-sized team. But please provide data that shows that this has ever been achieved organization-wide anywhere with more than 10 employees. Seriously. I need to know.
Otherwise stop polling devs once a day when they already said the earliest you'll get anything is 2-3 days. They literally will quit over this in the long run and it's the simplest thing you can do to stop losing devs over communication issues between your team members.
They cost enough per head and you want to literally start their day with a reminder that they've unwittingly joined a cult to pay the rent?
Our 7 person standup takes about 30 seconds if nobody is blocked or has any questions. Most days it takes longer because most days at least 2-3 developers want to say something.
If your team lead (or god forbid somehow a PO is present) is lecturing or questioning individuals to report about specifics during standup, I'm sorry you have a shitty boss.
What's the point of having a standup for devs while at the same time assigning a manager to study and organize their JIRA entries? Wouldn't it be better to simply route all notifications through the manager, 7 to 1 (or 6 to 1 if you can find a dev who can reliably manage the communication network between your devs) and then just route the information into JIRA or upstream towards the bosses?
I've never had a case where it made sense to wait until the next day to bring something up to my organization and I've never been to a planned meeting where someone didn't get abused by management for only bringing up the issue at that time.
It can go wrong if you have shitty teammates, a detached PO, a selfish team lead, etc. So will everything else.