Before the details are released, we may already derive some things from the PR fart.
“Over 280 member companies — including Amazon, Apple, Comcast, Google, Samsung SmartThings, and Signify — have brought their technologies, experience, and innovations together to ensure Matter met the needs of all stakeholders including users, product makers, and platforms.” — and somehow only mentioning entities representing the latter two.
“Matter is also striking new ground with security policies and processes using distributed ledger technology and Public Key Infrastructure to validate device certification and provenance.” — so security understood as “protecting producers from consumers” mislabeled as “security for users”. And, assuming it does not require resources to run the ledger on IoT devices, “distributed” inside a centralized group.