Explore the Component Model as the next major technical abstraction in software development through this 36-minute conference talk by Taylor Thomas and Liam Randall from Cosmonic. Delve into the challenges faced by developers in managing non-functional requirements and vulnerabilities in imported libraries. Examine how Kubernetes has addressed complexity in cloud migration, but also consider its limitations in managing containerized applications and cost-effectiveness. Investigate the potential of WebAssembly (Wasm) as a successor to containers, highlighting its advantages in size, security, and portability. Learn how the Component Model aims to tackle common complexities in managing application dependencies across cloud and edge environments. Gain insights into strategies for improving application reliability and performance in distributed systems, and understand the potential impact of this new abstraction on the future of software development.