Thoughts re. Semantic Web over IPLD?

I’m gearing up for a large-scale knowledge management project. The straightforward approach would be to start with wikimedia & wikidata (w/ the Blazegraph triplestore) - but I’m wondering if one could build directly on top of IPFS & IPLD, with a single-page app, like TiddlyWiki as an interface - talking to everything else via a RESTful HTTP interface. Basically cut all the middleware out of the loop - pure data, in the cloud.

Any thoughts, comments, experience on using IPLD directly, for managing linked data? Any thoughts re. libraries, or local server modules, that might be helpful? Anybody doing something like this at scale - who can point to some developer documentation or a slideshare deck?