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Intel, Mozilla, Red Hat, and Fastly announced today the creation of the Bytecode Alliance, an open-source foundation that will work to make WebAssembly into a cross-platform runtime that can be used on native mobile, desktop, and server environments, and not just inside browsers. The Bytecode Alliance's main goal is to promote the use of security-hardened WebAssembly tools. Learn more in an interesting ZDNet article: 

WebAssemblyis a relatively new technology. It's a standard formally adopted in 2017 that defines a new binary format.

Initially, WebAssembly was specifically developed to find a better and more compact way of delivering web resources from a server to a user's browser. Instead of receiving tens or hundreds of HTML, JavaScript, and CSS, files, users could get resources in one go as a WASM (WebAssembly) bytecode file.

The link for this article located at ZDNet is no longer available.