Yes.
Some models are being developed. Unfortunately I cannot remember its name but one developer is trying to develop a kind of control panel on the flow of information so the user, not social media, would control and own information. Technically all this is using Turing machines. They are machines that could apply any kind of algorithm you could imagine. Technically it is possible to conceive alternative models.
The issue is how we get there and that's clearly from the existing framework. Right now it's wide open, and we don't want to infringe on innovation.
Theoretically it is possible. People are working on it, but I know of no one who knows the road to get there to achieve this.