Image code for easy insertion of alt text

Would it be possible to add in functionality/the ability to use html code for images in order that alt text to accompany the images can also be used? This would greatly improve the quality of life for those trying to add their own descriptions of images in especially if they can’t see and can code in html.
@rukizzel tagging you in here to let you know, as I’ve been trying to add images to a post and it’s been an arduous process that is still incomplete due to this lack of functionality.