To deal with unavoidable errors in code and prose, not to mention often desirable ambiguities, there must be a means of redress. One method is to include a compromise clause in the prose contract, which details the forum and dispute resolution process. Legally binding arbitration, considered a valid form of out-of-court litigation settlement for commercial efforts in the more than 150 countries that have ratified the New York Arbitration Convention, is often the best option. Because disputes arising from blockchain ecosystems require the interpretation of technical evidence, Mattereum will provide and train a group of technically competent arbitrators who are knowledgeable in smart contracts and Distributed-Ledger technology. Before we go any further, this will help to have a conceptual framework. In its document “Blockchain Sharing Services: What Blockchain Technology Can Contribute to Smart Cities,” Sun et al proposes a three-part model: humans, technology and organization. The various services and functions at the top of this triangle can help identify pressures and frictions within the system. Nam Kwong Natural Gas Company, a subsidiary, collaborates and supports the implementation of relevant administrative policies and policies of the Sar government in Macau. It promotes clean and efficient energy, as well as the digital use of pipeline networks and the construction of smart gases, and claims to be an advocate for new energy and smart and environmentally friendly urban technology. Uber and AirBnB are examples of how long-standing markets, such as transportation and housing, can be shaken by the emergence of connected alternatives created from the Internet.
Internet access and location services, available via mobile devices, enable digital networks to more effectively manage the supply and demand of existing markets, but these technology companies face considerable regulatory delays from jurisdictions around the world, namely their refusal to recognize service providers (drivers, tenants) as employees (which allows them to maintain lower prices). In a relatively short period of time, two products that facilitate the allocation of limited resources (space, time, vehicles) via connected mobile devices have led to a fundamental change in commerce: allowing people to provide resources on demand and access to each other. If the goal of the smart city is to develop as many facets as possible for the people in it, then maybe they accept similar patterns that are moving forward. Automated systems that are a smart city need a huge amount of accurate and current data to optimize their operation and achieve the efficiencies they have promised. This creates a very valuable feedback loop between citizenship and the smart city itself. While a Google City would have its twists in all aspects of the smart city and would be the sole beneficiary of the data, this is a very undesirable scenario in which citizens are not able to directly benefit from their contributions to the city`s ongoing project.