That's the kind of thing that I could imagine could dramatically speed up certain tasks, but not enable particularly new abilities. A ton of the challenge is converting a sequence into a graph. So if you need a huge clever model to turn a sequence into a graph, then your potential gain downstream is either a) in making certain computationally hard queries easier, or b) answering tons and tons of followup queries dramatically faster (enough to make the initial graphification overhead okay).

For (a), any imperfections in the graphification make the problem super hard and researchy.