diff --git a/Cargo.lock b/Cargo.lock
index e08c757da7..b1e951ac12 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -86,6 +86,12 @@ version = "1.0.64"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "b9a8f622bcf6ff3df478e9deba3e03e4e04b300f8e6a139e192c05fa3490afc7"
 
+[[package]]
+name = "arrayvec"
+version = "0.7.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "8da52d66c7071e2e3fa2a1e5c6d088fec47b593032b254f5e980de8ea54454d6"
+
 [[package]]
 name = "asn1-rs"
 version = "0.5.1"
@@ -814,23 +820,25 @@ dependencies = [
 
 [[package]]
 name = "cranelift-bforest"
-version = "0.87.1"
+version = "0.88.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9f91425bea5a5ac6d76b788477064944a7e21f0e240fd93f6f368a774a3efdd1"
+checksum = "52056f6d0584484b57fa6c1a65c1fcb15f3780d8b6a758426d9e3084169b2ddd"
 dependencies = [
- "cranelift-entity",
+ "cranelift-entity 0.88.2",
 ]
 
 [[package]]
 name = "cranelift-codegen"
-version = "0.87.1"
+version = "0.88.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8b83b4bbf7bc96db77b7b5b5e41fafc4001536e9f0cbfd702ed7d4d8f848dc06"
+checksum = "18fed94c8770dc25d01154c3ffa64ed0b3ba9d583736f305fed7beebe5d9cf74"
 dependencies = [
+ "arrayvec",
+ "bumpalo",
  "cranelift-bforest",
  "cranelift-codegen-meta",
  "cranelift-codegen-shared",
- "cranelift-entity",
+ "cranelift-entity 0.88.2",
  "cranelift-isle",
  "gimli",
  "log",
@@ -841,18 +849,18 @@ dependencies = [
 
 [[package]]
 name = "cranelift-codegen-meta"
-version = "0.87.1"
+version = "0.88.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "da02e8fff048c381b313a3dfef4deb2343976fb6d7acc8e7d9c86d4c93e3fa06"
+checksum = "1c451b81faf237d11c7e4f3165eeb6bac61112762c5cfe7b4c0fb7241474358f"
 dependencies = [
  "cranelift-codegen-shared",
 ]
 
 [[package]]
 name = "cranelift-codegen-shared"
-version = "0.87.1"
+version = "0.88.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9abc2a06e8fc29e36660ebbc9e2503e18a051057072acbb1e75e7f7cf19cb95e"
+checksum = "e7c940133198426d26128f08be2b40b0bd117b84771fd36798969c4d712d81fc"
 
 [[package]]
 name = "cranelift-entity"
@@ -863,11 +871,20 @@ dependencies = [
  "serde",
 ]
 
+[[package]]
+name = "cranelift-entity"
+version = "0.88.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "87a0f1b2fdc18776956370cf8d9b009ded3f855350c480c1c52142510961f352"
+dependencies = [
+ "serde",
+]
+
 [[package]]
 name = "cranelift-frontend"
-version = "0.87.1"
+version = "0.88.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "fc1d301ccad6fce05d9c9793d433d225fafdd57661b98d268d8d162e9291ff2e"
+checksum = "34897538b36b216cc8dd324e73263596d51b8cf610da6498322838b2546baf8a"
 dependencies = [
  "cranelift-codegen",
  "log",
@@ -877,15 +894,15 @@ dependencies = [
 
 [[package]]
 name = "cranelift-isle"
-version = "0.87.1"
+version = "0.88.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bd7b100db19320848986b4df1da19501dbddeb706a799f502222f72f889b0fab"
+checksum = "1b2629a569fae540f16a76b70afcc87ad7decb38dc28fa6c648ac73b51e78470"
 
 [[package]]
 name = "cranelift-native"
-version = "0.87.1"
+version = "0.88.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7be18d8b976cddc822e52343f328b7593d26dd2f1aeadd90da071596a210d524"
+checksum = "20937dab4e14d3e225c5adfc9c7106bafd4ac669bdb43027b911ff794c6fb318"
 dependencies = [
  "cranelift-codegen",
  "libc",
@@ -894,18 +911,18 @@ dependencies = [
 
 [[package]]
 name = "cranelift-wasm"
-version = "0.87.1"
+version = "0.88.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2f9e48bb632a2e189b38a9fa89fa5a6eea687a5a4c613bbef7c2b7522c3ad0e0"
+checksum = "80fc2288957a94fd342a015811479de1837850924166d1f1856d8406e6f3609b"
 dependencies = [
  "cranelift-codegen",
- "cranelift-entity",
+ "cranelift-entity 0.88.2",
  "cranelift-frontend",
  "itertools",
  "log",
  "smallvec",
- "wasmparser",
- "wasmtime-types",
+ "wasmparser 0.89.1",
+ "wasmtime-types 1.0.2",
 ]
 
 [[package]]
@@ -1964,7 +1981,7 @@ dependencies = [
  "nix 0.25.0",
  "thiserror",
  "tracing",
- "wasmtime",
+ "wasmtime 1.0.2",
  "wasmtime-wasi",
 ]
 
@@ -5145,11 +5162,45 @@ dependencies = [
  "indexmap",
 ]
 
+[[package]]
+name = "wasmparser"
+version = "0.89.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ab5d3e08b13876f96dd55608d03cd4883a0545884932d5adf11925876c96daef"
+dependencies = [
+ "indexmap",
+]
+
 [[package]]
 name = "wasmtime"
 version = "0.40.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "a020a3f6587fa7a7d98a021156177735ebb07212a6239a85ab5f14b2f728508f"
+dependencies = [
+ "anyhow",
+ "bincode",
+ "cfg-if",
+ "indexmap",
+ "libc",
+ "log",
+ "object",
+ "once_cell",
+ "paste",
+ "psm",
+ "serde",
+ "target-lexicon",
+ "wasmparser 0.88.0",
+ "wasmtime-environ 0.40.1",
+ "wasmtime-jit 0.40.1",
+ "wasmtime-runtime 0.40.1",
+ "windows-sys",
+]
+
+[[package]]
+name = "wasmtime"
+version = "1.0.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "4ad5af6ba38311282f2a21670d96e78266e8c8e2f38cbcd52c254df6ccbc7731"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -5165,13 +5216,13 @@ dependencies = [
  "rayon",
  "serde",
  "target-lexicon",
- "wasmparser",
+ "wasmparser 0.89.1",
  "wasmtime-cache",
  "wasmtime-cranelift",
- "wasmtime-environ",
+ "wasmtime-environ 1.0.2",
  "wasmtime-fiber",
- "wasmtime-jit",
- "wasmtime-runtime",
+ "wasmtime-jit 1.0.2",
+ "wasmtime-runtime 1.0.2",
  "wat",
  "windows-sys",
 ]
@@ -5185,11 +5236,20 @@ dependencies = [
  "cfg-if",
 ]
 
+[[package]]
+name = "wasmtime-asm-macros"
+version = "1.0.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "45de63ddfc8b9223d1adc8f7b2ee5f35d1f6d112833934ad7ea66e4f4339e597"
+dependencies = [
+ "cfg-if",
+]
+
 [[package]]
 name = "wasmtime-cache"
-version = "0.40.1"
+version = "1.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d96a03a5732ef39b83943d9d72de8ac2d58623d3bfaaea4d9a92aea5fcd9acf5"
+checksum = "bcd849399d17d2270141cfe47fa0d91ee52d5f8ea9b98cf7ddde0d53e5f79882"
 dependencies = [
  "anyhow",
  "base64",
@@ -5207,13 +5267,13 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-cranelift"
-version = "0.40.1"
+version = "1.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1fc59c28fe895112db09e262fb9c483f9e7b82c78a82a6ded69567ccc0e9795b"
+checksum = "4bd91339b742ff20bfed4532a27b73c86b5bcbfedd6bea2dcdf2d64471e1b5c6"
 dependencies = [
  "anyhow",
  "cranelift-codegen",
- "cranelift-entity",
+ "cranelift-entity 0.88.2",
  "cranelift-frontend",
  "cranelift-native",
  "cranelift-wasm",
@@ -5222,8 +5282,8 @@ dependencies = [
  "object",
  "target-lexicon",
  "thiserror",
- "wasmparser",
- "wasmtime-environ",
+ "wasmparser 0.89.1",
+ "wasmtime-environ 1.0.2",
 ]
 
 [[package]]
@@ -5233,7 +5293,26 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "11086e573d2635a45ac0d44697a8e4586e058cf1b190f76bea466ca2ec36c30a"
 dependencies = [
  "anyhow",
- "cranelift-entity",
+ "cranelift-entity 0.87.1",
+ "gimli",
+ "indexmap",
+ "log",
+ "object",
+ "serde",
+ "target-lexicon",
+ "thiserror",
+ "wasmparser 0.88.0",
+ "wasmtime-types 0.40.1",
+]
+
+[[package]]
+name = "wasmtime-environ"
+version = "1.0.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ebb881c61f4f627b5d45c54e629724974f8a8890d455bcbe634330cc27309644"
+dependencies = [
+ "anyhow",
+ "cranelift-entity 0.88.2",
  "gimli",
  "indexmap",
  "log",
@@ -5241,20 +5320,20 @@ dependencies = [
  "serde",
  "target-lexicon",
  "thiserror",
- "wasmparser",
- "wasmtime-types",
+ "wasmparser 0.89.1",
+ "wasmtime-types 1.0.2",
 ]
 
 [[package]]
 name = "wasmtime-fiber"
-version = "0.40.1"
+version = "1.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6e27d519024f462fb69cc1733184c3e35f60982a6b5a04e940da7ce1a6c2c47a"
+checksum = "7e867cf58e31bfa0ab137bd47e207d2e1e38c581d7838b2f258d47c8145db412"
 dependencies = [
  "cc",
  "cfg-if",
  "rustix",
- "wasmtime-asm-macros",
+ "wasmtime-asm-macros 1.0.2",
  "windows-sys",
 ]
 
@@ -5263,6 +5342,30 @@ name = "wasmtime-jit"
 version = "0.40.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d5444a78b74144718633f8642eccd7c4858f4c6f0c98ae6a3668998adf177ba2"
+dependencies = [
+ "addr2line",
+ "anyhow",
+ "bincode",
+ "cfg-if",
+ "cpp_demangle",
+ "gimli",
+ "log",
+ "object",
+ "rustc-demangle",
+ "rustix",
+ "serde",
+ "target-lexicon",
+ "thiserror",
+ "wasmtime-environ 0.40.1",
+ "wasmtime-runtime 0.40.1",
+ "windows-sys",
+]
+
+[[package]]
+name = "wasmtime-jit"
+version = "1.0.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "1985c628011fe26adf5e23a5301bdc79b245e0e338f14bb58b39e4e25e4d8681"
 dependencies = [
  "addr2line",
  "anyhow",
@@ -5278,9 +5381,9 @@ dependencies = [
  "serde",
  "target-lexicon",
  "thiserror",
- "wasmtime-environ",
- "wasmtime-jit-debug",
- "wasmtime-runtime",
+ "wasmtime-environ 1.0.2",
+ "wasmtime-jit-debug 1.0.2",
+ "wasmtime-runtime 1.0.2",
  "windows-sys",
 ]
 
@@ -5289,6 +5392,15 @@ name = "wasmtime-jit-debug"
 version = "0.40.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "c2bf6a667d2a29b2b0ed42bcf7564f00c595d92c24acb4d241c7c4d950b1910c"
+dependencies = [
+ "once_cell",
+]
+
+[[package]]
+name = "wasmtime-jit-debug"
+version = "1.0.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f671b588486f5ccec8c5a3dba6b4c07eac2e66ab8c60e6f4e53717c77f709731"
 dependencies = [
  "object",
  "once_cell",
@@ -5300,6 +5412,30 @@ name = "wasmtime-runtime"
 version = "0.40.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ee064ce7b563cc201cdf3bb1cc4b233f386d8c57a96e55f4c4afe6103f4bd6a1"
+dependencies = [
+ "anyhow",
+ "cc",
+ "cfg-if",
+ "indexmap",
+ "libc",
+ "log",
+ "mach",
+ "memoffset",
+ "paste",
+ "rand 0.8.5",
+ "rustix",
+ "thiserror",
+ "wasmtime-asm-macros 0.40.1",
+ "wasmtime-environ 0.40.1",
+ "wasmtime-jit-debug 0.40.1",
+ "windows-sys",
+]
+
+[[package]]
+name = "wasmtime-runtime"
+version = "1.0.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ee8f92ad4b61736339c29361da85769ebc200f184361959d1792832e592a1afd"
 dependencies = [
  "anyhow",
  "cc",
@@ -5314,10 +5450,10 @@ dependencies = [
  "rand 0.8.5",
  "rustix",
  "thiserror",
- "wasmtime-asm-macros",
- "wasmtime-environ",
+ "wasmtime-asm-macros 1.0.2",
+ "wasmtime-environ 1.0.2",
  "wasmtime-fiber",
- "wasmtime-jit-debug",
+ "wasmtime-jit-debug 1.0.2",
  "windows-sys",
 ]
 
@@ -5327,10 +5463,22 @@ version = "0.40.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "01e104bd9e625181d53ead85910bbc0863aa5f0c6ef96836fe9a5cc65da11b69"
 dependencies = [
- "cranelift-entity",
+ "cranelift-entity 0.87.1",
+ "serde",
+ "thiserror",
+ "wasmparser 0.88.0",
+]
+
+[[package]]
+name = "wasmtime-types"
+version = "1.0.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d23d61cb4c46e837b431196dd06abb11731541021916d03476a178b54dc07aeb"
+dependencies = [
+ "cranelift-entity 0.88.2",
  "serde",
  "thiserror",
- "wasmparser",
+ "wasmparser 0.89.1",
 ]
 
 [[package]]
@@ -5342,7 +5490,7 @@ dependencies = [
  "anyhow",
  "wasi-cap-std-sync",
  "wasi-common",
- "wasmtime",
+ "wasmtime 0.40.1",
  "wiggle",
 ]
 
@@ -5417,7 +5565,7 @@ dependencies = [
  "bitflags",
  "thiserror",
  "tracing",
- "wasmtime",
+ "wasmtime 0.40.1",
  "wiggle-macro",
 ]
 
diff --git a/crates/fluvio-smartengine/Cargo.toml b/crates/fluvio-smartengine/Cargo.toml
index 5afaeb71e7..9b4ed84cea 100644
--- a/crates/fluvio-smartengine/Cargo.toml
+++ b/crates/fluvio-smartengine/Cargo.toml
@@ -20,7 +20,7 @@ wasi = ["wasmtime-wasi"]
 tracing = "0.1.27"
 thiserror = "1"
 anyhow = { version = "1.0.38" }
-wasmtime = { version = "0.40.0"}
+wasmtime = { version = "1.0.2"}
 wasmtime-wasi = { version = "0.40.0", optional = true}
 nix = { version = "0.25"}
 cfg-if = "1.0.0"