Mattereum provides the necessary legal-technical interface between the automated transfer of digital assets on the blockchain and the enforcement of rights in goods and services in the material world.
Self-executing smart contracts
Business depends on contracts – legally binding commercial agreements. Mattereum uses blockchain technology to enable suppliers and customers to implement their legally binding commitments to one another, using smart contract code:
  • payments and transfers of digital assets are performed automatically;
  • evidence of transfers of physical assets or performance of services are recorded on a shared blockchain;
  • accounting is consistent and transparent;
  • smart contracts allow the automation of business processes between organizations, as well as within them.
Ricardian contracts

Payments and transfers of digital assets can be performed immediately using smart contracts. But to use smart contracts in relation to goods and services in the material world, additional legal infrastructure is required.

The Ricardian contract was developed by our Chief Scientist, Ian Grigg, in the 1990s. It combines smart contract code with a written legal contract to connect material assets to their digital representations and ensure the correct interpretation in cases such as:

  • software bugs,
  • blockchain forks,
  • human error,
  • unanticipated circumstances,
  • cross-border disputes.
Dispute resolution
Using Mattereum’s decentralized dispute resolution platform, claims are resolved by technically competent, independent arbitrators whose decisions are internationally recognized and can be enforced in the countries where businesses or assets are located.

Mattereum’s platform offers:

  • multiple tracks for dispute resolution, ranging from cost-effective procedures for small claims and optional case management or an expedited procedure for more complex cases;
  • a global training programme and technical accreditation for arbitrators;
  • an international panel of technically competent arbitrators;
  • collaboration with major arbitration associations worldwide;
  • internationally recognised arbitration awards, which can be enforced through national courts in 150+ countries worldwide.