As a university professor, I honestly don't understand the point of grading. Who will look at and care about grades? Likely company HR. But then why should we (professors) do the screening for companies for free? Also, grades have long been inflated to a point we might as well just give everyone an A and let companies figure out how to select people.
Grading is to provide your students with a goal, one that isn't so high-minded as "the goal is education". The human mind uses a "reward system", within a feedback cycle. If you want to do away with that, just because it's what you prefer, then you're ignoring the reality of being human.
Another issue is with the curriculum and course structure, which should long been updated. But that's another rabbit hole on its own, especially in public universities with a big hierarchy of system. The sad truth is professors have no passion in teaching outdated curriculum, and students have no desire to learn.