This would establish a true happens before relationship for concurrent update operations which are resequenced.
The effect is that for given requests A and B which interleave[1], the effects of the one that is successful are entirely visible to a retry of B. This means the operations are exactly equivalent to if A and B did not interleave, and one finished completely before the other.
[1] Where interleaved is defined as, when multiple update requests against an overlapping set of documents make finds before at least one among them has made its updates