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I agree that changes should have some kind of better record. Also it is not clear that when multiple people are editing a file when the latest information is shown. for example when 2 people are editing then you can see the other persons edits happening live. However as per the documentation edits are also not published until the laat person exits. This can give the impression that changes are lost when a person exits and re-enters to check the file and does not see them. They then enter the changes again . Our users have done this and it can cause them to lose confidence in co-editing and instead they lock the file which is effective but reduces collaboration.
(https://www.ibm.com/support/knowledgecenter/en/SSL3JX/docs/text/document/d_coediting_with_others.html)