The Bytecode Alliance is an
industry partnership with the aim of forging WebAssembly’s outside-the-browser
future by collaborating on implementing standards and proposing new
ones. The newly
formed alliance has “a vision of a WebAssembly ecosystem that is
secure by default, fixing cracks in today’s software
foundations“. The alliance is currently working on a standalone
WebAssembly runtime, two use-case specific runtimes, runtime components,
and language tooling.

Source: LWN.net – Announcing the Bytecode Alliance