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This program is likely not sufficient. Quantum gravity and holography means that concepts of locality are approximations. An event can occur in two entirely different places and times. For this reason the entire spacetime cosmology we observe may be equivalent to a spacetime quantum fluctuation in a black hole or a virtual wormhole interior in some other universe.
A string which falls towards a black hole will be observed to time dilate, Lorentz contract, and splay out over the horizon of the BH. This splaying out can be seen in the elongated shape of galaxies in Einstein lenses! So a string approaching a black hole gets wound around the black hole, and frozen there. Now if an observer waits long enough Hawing radiation will begin to destroy the BH as it radiates away. This will destroy the string over time and transform it into another string (or strings) which escape the black hole. However, for an observer who falls into the black hole with the string nothing particularly strange happens to the string at the horizon --- nothing at all strange is observed to happen. However, as the string approaches the interior region of near infinite curvature we call a singularity, there the tidal forces start to pull the string apart and merge it with the singularity. I will avoid for now the physics of what happens there (very strange actually), but the string is transformed or destroyed in the interior. So two observers record very different results for this string! One says it is destroyed by Hawking radiation on the horizon, the other says it is destroyed by the interior region. The whole notion of locality with quantum gravity is gone! An assumption which has been used in quantum field theory is removed, think of it as excess baggage or some obstruction to progress.
Cheers LC