This is quite possible in most context. You have reprogrammable memory, and so we see existing technology can easily store a value and control how that value is to be used.
Software or hardware both can independently accomplish this.
Asking if these concepts can be bypassed is simply too broad of a question. There simply is no general principle which describes such a thing. Hardware or software implementation is what distinguishes the answer here, and how such a thing would work. It has nearly nothing to do with a central concept of tamper proof information, and everything to do with the implementation.
I know this isn't what you want to hear, but come on folks you got to get serious. Put the work in.