Surething. There is an OCR function with Cloudinary.
Now it is complicated in X, because you do not get the ORC response with the Cloudinary components.
You need to setup an additional Web component, and do a post for an update, to then retrieve the OCR text. However it can be done.
Another way is use Cloudinary to store your images, and then when it is done, send it to a Web1 component you setup for a service like… https://ocr.space/ocrapi
It is very straightforward as well.
There is enough in the tutorials and in the community to get you going. You should have something working in half a day, if you are new.