The How

Creating Your Mattereum Asset Passport

STEP 1 - INITIATION

  • Mattereum works with you and your team to define the scope of the project
  • We collect and document facts about your physical asset
  • Our specialists work with you to create the legal digital twin for the physical asset that defines what it is and why it is valuable

STEP 2 - DEVELOPMENT

  • Your experts provide legally binding warranties attesting to the truth of statements in the digital twin and back their judgement with a financial commitment that reflects their confidence in their statements
  • The digital twin and the warranties form the physical asset’s Mattereum Asset Passport

STEP 3 - IMPLEMENTATION

  • All of the information for the Asset Passport is converted into XML/JSON format along with digital copies of the relevant physical documentation
  • The Mattereum Asset Passport is attached to an NFT that you mint, enabling the physical asset to be sold on chain in any web3 marketplace
  • We will then help you secure your asset by
    • placing it in a vault, or
    • attaching a cryptographic NFC tag to it, or
    • legally binding it in an SPV or equivalent for real estate

STEP 4 - COMMERCIALIZATION

  • The NFT with the physical asset legally bound to it is sold on the marketplace of your choice
  • The legal ownership of the physical asset will be transferred with the NFT
  • Experts automatically receive a small percentage of the sale price of an asset whenever it is sold to balance the risk of being financially liable
  • If the physical asset is in a vault, the owner of the NFT can take it out whenever they want by locking the NFT to prevent transfer until the asset is re-vaulted

STEP 5 - LEGAL PROTECTION

  • If there is a dispute over any aspect of the asset the legally binding warranties ensure automatic recompense to purchasers no matter how many times the asset has been sold
  • This works globally in 172 jurisdictions and this works for any asset – however high its value

The TECH

Mattereum Protocol Stack

Chain Agnostic

Mattereum Asset Passports are chain-agnostic and compatible with any EVM blockchain

Standards Based

Mattereum Asset Passports are based on XML standards and are JSON readable which enables machines to read them, ready for an AI future

The LEGAL

UK Jurisdiction Taskforce Digital Dispute Resolution Rules

Mattereum worked closely with the UK Jurisdiction Taskforce to help develop the UKJT’s cutting-edge Digital Dispute Resolution Rules that will govern how digital disputes are resolved in the UK. Mattereum’s protocol is one of the first innovations to fully implement these rules

Mattereum’s protocol works in 172 countries

Mattereum’s protocol has an arbitration system that operates under the 1958 New York Convention on Arbitration. This means that our dispute resolution is valid in every country that is a signatory to the convention, 172 in all