The first Mattereum briefing

Vinay Gupta
Dec 15, 2017 · 5 min read
Photo credit Rachel Megawhat

Today, we make smart contracts legally enforceable

The initial success in the blockchain space has been to create purely digital assets (Bitcoin, Ether, ERC20 tokens) that can be traded internationally. Our first customers come from the blockchain space.

  • Ocean Protocol — B2B market for data such as for self-driving cars
  • Mycelia — artist-led modernisation of payment rails for music IP licensing.

Tomorrow, we cross the digital-physical divide

Mattereum clears legal obstacles to the full integration of the digital and the material world. Our solution applies across many domains. The internet of things, self-driving cars, blockchains, augmented reality, drones and AI all sit on the digital/physical interface. They all have full exposure to the complex regulations that universally apply to physical matter. Mattereum manages this legal boundary.

How does Mattereum work?

Our Chief Scientist, Ian Grigg, is the closest thing we have to Satoshi Nakamoto. Ian is an early digital cash pioneer, and was operating DigiGold, a gold backed anonymous digital cash system, in 1999. In the course of this work, Ian was confronted with a question: how do we legally prove the gold in the vault belongs to the DigiGold token holders?

The size of the opportunity

In the first phase of the internet, it lacked cryptography. There was no secure way to transfer value, so people made deals then posted the cheques. It was, to all intents and purposes, only an internet of ideas. In the late 1990s, the advent of e-commerce began with just enough cryptography to secure retail transactions. It relied on credit card chargeback requests to handle disputes. This cryptography/payment/dispute architecture generated well over a trillion dollars of value over the next 20 years.

Vinay Gupta

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Launched $70bn @EthereumProject. CEO of @mattereum Forbes profile