Viewing and working with full live transcripts in Zoom

[Inguciic]

I’m exploring whether Zoom’s current functionality can support a specific workflow. I'm a licensed user and often run Zoom sessions where having a live transcript is essential. I’d like to know if the following is possible:

1) Viewing the full transcript in real time — For example, being able to scroll back and see everything from the past 20 minutes, not just the most recent few lines.

2) Interacting with the transcript during the meeting — Adding personal notes, highlights, or annotations alongside the transcript without disrupting the session.

Essentially, I’d like to use the live transcript as an active workspace during the meeting, rather than only reviewing it afterwards.

Does Zoom currently support this natively, or would it require a third-party integration? If there are recommended best practices, plugins, or API-based solutions for this use case, I’d greatly appreciate any guidance.