Exploring Audio Storage on Paper Tape Using Computer Vision and Modern Compression

Given advances in audio compression algorithms and computer vision: could reasonably high-quality audio be stored on a paper tape?

This is a fascinating concept to me. When considering the complete history of storage media from early cylindrical engraved records through to magnetic tape it is evident that achieving high quality and reliable data storage is both challenging and expensive.

When specifically considering magnetic tape, the challenges surrounding complex mechanical tape transports and sensitive magnetic heads are significant.

Here is a project that I have been tossing around in my head for at least a year or two now.