It can. Unlikely but possible. A good first step would be to have a well-written web component to be used like this: `<markdown>...</markdown>`, with no support at all for a build-step. The .js file implementing this should be included directly in the `<head>`.
If that gets traction (unlikely, but possible) then the standards would sooner or later introduce a tag native to the browser that does the same thing.
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