Trying to recreate Medieval texts

I got a question whether it is possible to transform Medieval handwriting into a ttf-file, to use on a PC. Having such a tool can simplify the transcription of a text. The person transcribing the document can guess what a word is, type that into the computer and then compare the result on the screen with the actual manuscript. It remains to be seen if this is indeed possible, due to different forms of characters (depending on their ppsition in a word) a bit like Arabic script, where there are three different letterforms (start, middle and end). The picture shows a sample of the handwriting, a collection of sentences pronounced at a local court in 16th century Netherlands.