The reason why the semantic web is even more fundamental: You can't get everyone to agree on one schema. Period. Even if everyone is motivated to, they can't agree, and if there is even a hint of a reason to try to distinguish oneself or strategically fail to label data or label it incorrectly, it becomes even more impossible. (I mean, the "semantic web" has foundered so completely and utterly on the problem of even…
There're a lot of wrong perspectives on the topic in this thread, but this one I like the most. When someone starts to talk about "agreeing on a single schema/ontology" it's a solid indicator that that someone needs to get back to rtfm (which I agree a bit too cryptic). The point here is that in semantic web there're supposed to be lots and lots of different ontologies/schemas by design, often describing the same dat…
This is incredibly problematic for many reasons. Not the least of which is the inevitable promulgation of bad data/schemas. I remember one ontology for scientific instruments and I, a former chemist, identified multiple catastrophically incorrect classifications (I forget the details, but something like classifying NMR as a kind of chromatography. Clear indicators the owl author didn't know the domain).
The only thing worse than a bad schema is multiple bad schemas of varying badness, and not knowing which to pick. Especially if there is disjoint aspects of each which are (in)correct.
There may have been advancements in the few years since I was in the space, but as of then, any kind of probabilistic/doxastic ontology was unviable.