Charles @IOHK_Charles clearly says that

“The best thing I can do right now is to build things on it”.

He also later said that “ Cardano needs a winner”
This guy is a visionary, he knows what he’s talking. This is a sign that we need to look at adoption.

PFMS brings institutional paying customer (Government). This creates massive scale adoption.

While we are still stuck at the question “Why is the customer not paying for the build”. A customer pays for a the usage of the product.

We have spent Millions of ADA from treasury for better technology. Now is the time for us to bring Real Adoption to the chain via PFMS.

While chains like Ethereum are constantly looking for real world adoption, most of our community is still stuck on core infrastructure development and DeFi.

I totally agree that DeFi is super important to this ecosystem. That doesn’t mean we should look away from real world adoption with institutions that are willing to pay.

We are in a situation where we’re stuck asking why the customer isn’t paying for the build.

A paying customer will pay for using the product. That’s business.

It’s rare to have good connections with institutions that are willing to pay. Once we have a paying institution using our blockchain for its day to day SOP’s, it would be a matter of when the next one comes in, not a matter of how.

Dear DReps and community, this is high time we looked at things differently. These opportunities are rare.

We have invested more than 400M+ ADA this year in multiple other things. The PFMS ask is less than 2% of this year’s NCL, and it brings an institutional paying customer to @Cardano .

Hope we all understand this.

Thank you.

Dori, your post was misleading by selectively presenting PMFS budget asks in a scope that makes it look relatively higher than most while excluding it from the rest of the proposals.

It was misleading.

Our company and I are dealing with governments on the other end. We are accountable. I am accountable for my actions!

You’re saying that we’re misleading people and making false claims.

The irony is that you’re calling us misleading!

I respect your voting decision. Not stand the project. But personally calling out me and my company is not acceptable. It doesn’t matter whether you’re a DRep with 70 ADA or a DRep with 70 million+ ADA.

Our company has been in this ecosystem for years, executing projects.

Let me show you what misleading and making false claims actually look like. Look at this picture you posted a few days ago and compare it with the reality. This is what misleading people and making false claims looks like.

Point out the flaws in the project. I’m ready to listen to anyone’s feedback and take criticism. But stop personally attacking companies or individuals. It’s not acceptable.

It’s high time to understand that Cardano needs paying customers and for that we need to build what they want.

A customer pays for a solution to their problem. But how can we expect a customer to pay for a product that hasn’t even been built yet?

Let me give you a real world id.

Google invested in building an open source operating system that could be adopted by multiple smartphone manufacturers. Imagine if Google had asked Samsung, Xiaomi and every other manufacturer to individually fund the entire development of Android before they could use it.

That wouldn’t have made much business sense.

Instead, Google invested in building reusable infrastructure, which enabled an entire ecosystem of manufacturers, developers and businesses to build on top of it.

This is exactly the kind of economic model we should be looking at with PFMS.

We are asking the Treasury to fund the build of an open source product that addresses a real government requirement.

The first government is already ready to pay for its actual usage, including Cardano transaction fees and infrastructure costs.

And this isn’t a product being built for just one government. It is designed to be reusable and deployed across multiple governments.

Think about the economics:

1. Treasury funds the build of reusable infrastructure.
2. The first government becomes a paying customer.
3. Other governments will adopt the same open source product.
4. Every additional government brings new customers, usage and revenue into the Cardano ecosystem.

We cannot expect the 1st customer to finance the creation of a product that the rest of the market can benefit from.

We should use ecosystem resources to build what the market needs, acquire paying customers and scale it across the market.

The objective is not just to fund development. It is to create products that bring paying customers, external revenue and long term economic value into Cardano.

Hope we all understand the structuring of PFMS and the business of it.

Thank you.

Happy birthday, Charles! @IOHK_Charles

Your vision and the whiteboard video are the reasons I’m on Cardano today.

I still remember your support since the early days of FMS until now. It’s been a long journey.

And as I always say, if you want my hair, I’ll trade it for your and happy 39! 🔥

Hi Dori,

I want to clarify that PFMS is not just a data notarisation model. Previous models cannot be directly compared to PFMS, as this is a first of its kind, not necessarily in terms of technology or innovation, but in terms of the sheer scale, components, and use cases it generates.

You are right to compare other networks like Ethereum and Solana. But you are also pointing out that Cardano is nowhere near their level of institutional adoption, with BlackRock, Franklin Templeton, Robinhood, and others.

Even after mentioning all these examples, you couldn’t point to a single blockchain network that has onboarded a government at this scale.

I also want to clarify that this is not just about one government. PFMS already has one signed user agreement and two Expressions of Interest (EOIs) from other governments. We are not building this for a single government.

Regarding the 1.53M mainnet transactions, these are committed numbers for the first year alone, and they are expected to grow year on year with adoption for at least the next 10 years.

This is not just a projection. These numbers will be included as commitments in the administrative contract with the Cardano Foundation before the first tranche is released at M0.

On top of this, PFMS is projected to bring an average of 116,000 new users to Cardano every year.

When someone submits a request for evidence verification, a non custodial Cardano wallet will be automatically generated.

Each completed verification generates a Cardano NFT (CIP-25) certificate, which is sent directly to the requester’s wallet.

Our modelling shows an average of three verification requests over the lifecycle of a case. With the expected case duration reducing from around 7.5 years to approximately 5 years, PFMS creates a recurring flow of new users on Cardano over multiple years. And all these numbers are from the first government alone.

PFMS creates a reason for someone who may never have used Cardano before to:

Open a Cardano wallet → Receive a Cardano native asset → Use Cardano for a real institutional purpose → Return to that wallet when further verification is required.

Regarding reusable infrastructure, I believe you have completely misunderstood our approach.The 28% is a budget category, not the percentage of work that is reusable. The entire PFMS stack includes integration adapters, templates, deployment tooling and documentation is for open source release and worldwide reuse. Our design goal is for subsequent deployments to configure existing components rather than fund bespoke development again. Telangana is the first deployment environment;

We have clearly stated that this is a one time build and that future deployments and integrations will not require additional Treasury funding.

I believe you have misread the proposal. I would request you ask us for clarification before arriving at conclusions, as we are more than happy to explain the architecture, adoption model, and long term commitments in detail.

Thank you.

This is the perspective, I keep talking about.

WE ARE NOT ASKING TREASURY TO PAY FOR GOVERNMENT.

We are asking to build a product by creating reusable infra, new long term users while generating revenue.

We are asking to build a product after securing a signed institutional user, 2 EOI’s and international interest.

We are not asking to just build and hope for users.

I request you to come out of the mindset that we are subsidising the government.

Thank you.

Dear Cardano and DRep’s,

As we all know that Cardano has amazing infrastructure, one the best in the world. Yet we lack institutional adoption, sustained on chain usage, paying user/customers and revenue.

PFMS is a proposal which brings all of the above.

1. Institutional ho will pay for tx’s fee and bear the infra cost for the entire deployment).

2. ⁠Sustained onchain usage- More than 1.5M tx’s on Mainnet which grows YOY. Guarantee for the next 10 years.

3. ⁠Paying users- Every party using the verification layer will get an evidence certificate in the form of NFT(CIP-25), with average of 3 of these NFT certificates holding users, for an average of 5 years. Thousands of them will be onboarded every year.

4. ⁠Revenue- On top of millions in tx’s and hundreds of thousands new users. PFMS generates a projected of $628,000 revenue per year, where 70% goes back to treasury, 20% Core Cardano library,10% to us.

On top of all the above, PFMS produces a re useable infra as an open source public good, where anyone can use and build on top of it.

Please do not make it sound like this being built just for one government. We are not asking treasury to build infra and look for customers. We are asking treasury only after we have a signed customer and after receiving 2 EOI’s from other government’s.

The ask is less tha 2% of this years NCL. We have spent so much on multiple other things which are yet to add value to the ecosystem. But here we guarantee a 10 year sustained usage that too with an institutional player like a government.

I request for all of your support and look at PFMS as what it is and do not get distracted by anything else. This is great opportunity for all of us to build the re useable infra for the world to adopt.

Hi @phil_uplc ,

Thank you very much for taking the time to review our proposal PFMS in detail and providing rationale.

I genuinely appreciate that you recognised our existing delivery record, the open source nature of PFMS, independent milestone assurance and government participation as strengths.

I would like to respond to each of your concerns directly.

1. I think there is one important distinction in how PFMS should be viewed.
PFMS is being built as a separate Cardano product and reusable open-source infrastructure. The first state government happens to be the first confirmed user of that product. We did not come to the Treasury with an idea to build infrastructure first and then search for someone willing to use it.

Before submitting the proposal, we had already approached multiple state governments and discussed PFMS with them. We submitted the Treasury proposal only after securing the first signed government user.

So the sequence was: identify the problem, design PFMS as reusable Cardano infrastructure, take that architecture to governments, secure the first government user, and only then ask the Treasury to fund the reusable product.

The first government user will pay its own infrastructure, 100% of the Cardano transaction fees and ongoing maintenance. What we are asking the Treasury to fund is the reusable PFMS infrastructure that is then available for other governments to adopt without rebuilding the system from zero.

This is important because the product is not being architected around one state's proprietary requirements. The engines, stage modules, smart contracts, DID registry, verification layer, connector framework, device adapters, testing frameworks and deployment tooling are intended to remain reusable across other Indian states and international jurisdictions.

A normal customer funded procurement would naturally optimise around that customer's own system. There would be no guarantee that the reusable core would remain an open source Cardano public good, that future jurisdictions would reuse the same Cardano infrastructure, or that the economics would be structured so that 70% of verification revenue goes back to the Cardano Treasury and 20% supports core Cardano libraries.

That is the additional public value Cardano is funding. We are therefore not asking the Treasury to fund PFMS and then hoping someone eventually uses it. We came to the Treasury only after the demand had already produced the first signed government user along with expression of interests (EOI) from two different states.

2. We agree with your point that transaction count alone cannot justify a 9.6M ADA investment. PFMS is not economically limited to transaction fees.

The verification layer creates a recurring revenue stream. From the first government deployment alone, the proposal mentions approximately 3.2 million evidence items annually across 11 evidence item categories, giving approximately 290,000 cases per year.
For the revenue model, we then use only: 20% paid-verification uptake, 3 verification requests over the lifecycle of each case and $3.60 average revenue per verification request

That produces approximately:
290,000 cases × 20% × 3 × $3.60 = approximately $628,000 per year in verification revenue.
From that:
approximately $439,856 per year goes to the Cardano Treasury
approximately $125,673 per year supports core Cardano libraries
and the remaining 10% goes to Trivolve.

And importantly, this model is based only on the first state deployment.
The first state is already onboarded. We also have Expressions of Interest (EOI) from two additional Indian states, discussions with several other states, and international interest from EUROPOL, INTERPOL, German Police.
Once the reusable PFMS core has been built and proven, those deployments do not require another 15 month rebuild of the underlying infrastructure.

So the larger economic point is compounding adoption.
Each additional jurisdiction will add its own transactions, verification requests, users and externally funded Cardano activity on top of infrastructure that has already been built.
For this reason, we believe the economic case should be evaluated across transaction fees, verification revenue, reusable infrastructure, additional deployments and sustained institutional usage, rather than transaction fees alone.

3. We completely agree with your statement that a revenue distribution mechanism cannot prove customers will actually purchase the service.

That is why we have now published the basis behind the three key variables in our model.
The 20% uptake, 3 verification requests per case and $3.60 average request value come from our analysis of the state's historical case management records of last 5 years, modelling of those records and subsequent government feedback.

Why 20%?

We analysed an anonymised sample of 50,000 cases from the state's case-management records over the last five years. Cases still under investigation were excluded.
Approximately 40,000 cases, or 80%, had experienced delays for multiple reasons. We then filtered those cases further and isolated cases where verification was the dominant recorded cause of delay.
That resulted in approximately 20,000 cases, or 40% of the complete sample. This 40% cohort is important because these are the cases where faster verification can actually affect the case timeline where it can reduce the length of the case.
We then discussed the model with the government against the same historical records, and their assessment was that at minimum this 40% represented realistic demand for the verification layer.
However, we did not use 40% in the financial model. We reduced it by half and used only 20% as the planning figure to remain conservative.

Why 3 verification requests?

The same case modelling shows an average of approximately 3.3 verification requests per case over its lifecycle.
We round that down to 3 requests per case for the financial model.
Each verification request generates a verification certificate. This verification certificate will be in the form of NFT on Cardano (CIP-25). This certificate will be delivered directly to the requester’s account (non custodial Cardano wallet) on the PFMS verification portal. With an average of 3 verification checks during the lifecycle of a case, and the expected case duration reducing from around 7.5 years to approximately 5 years, these users will remain connected to the system/cardano over an average of 5 years. This creates a sustained usage due to these verification certificates, wallets and recurring interactions with Cardano.

Every verification request follows the following pricing. The first evidence record costs $1.89, and every additional record included in the same request costs $0.57. So the total price simply depends on how many evidence records need to be verified in that request.
A simple example. A defence lawyer asks PFMS to verify the CCTV evidence in a case. That request typically covers six records: the clip, the camera’s capture record, the station diary entry for the hard drive seizure, the transit handover record, the Evidence Storage (Malkhana) deposit entry, and the chargesheet annexure that tenders it. That is what a typical request looks like to establish the chain.

Requests can be smaller or larger than that. One that covers a single exhibit costs $1.89. One that covers a whole stage, or a full case history of around ~173 records (from our sample), costs about $100, and the largest case histories reach several hundred dollars.

The average then depends on the mix, and the same 50,000 case sample mentioned above from the government's records showed that the vast majority of verification requests are small:
56.7% of requests verify a single record, costing $1.89, 42.8% verify a small bundle which consists of around six records on an average, costing $4.74. Only 0.5%, or roughly 1 in every 200 requests, involve verifying an entire stage or a large part of the case history
That last 0.5% is small in frequency but much larger in size. These requests average around 173 records.

To calculate the overall average, we multiply the average price of each type of request by how frequently that type occurs: 56.7% × $1.89 = $1.07, 42.8% × $4.74 = $2.03, 0.5% × ~$100 = $0.50

Adding them together:
$1.07 + $2.03 + $0.50 = approximately $3.60 per verification request.

Two things stand out in that sum. First, most of the average comes from small requests: single records and small bundles together account for $3.10 of the $3.60, because they are 99.5% of all requests. Second, the rare large requests still add $0.50, which is 14% of the average, because they are priced in the hundreds.

Putting everything together, the total revenue estimate is about $628,000 a year: (3.2 million ÷ 11 evidence item categories) cases × 20% × $3.6 × 3 verification requests per case.

Apart from revenue, the verification layer will create a growing base of new Cardano users and wallet holders through verification certificates, sustained real world usage over the lifetime of each case.

We are happy to make the underlying survey and research report available for review. Because the analysis originates from government case records, the complete material cannot simply be posted publicly, but we are prepared to share it in person under NDA.

4. We understand your concern but there is an important sequencing issue here.
Verification revenue cannot exist before there is evidence inside PFMS to verify. The system first has to be built and connected to the live government environment. Evidence then has to begin flowing through the five stages and being stamped against Cardano.

Only after that evidence exists can an authorised party request a verification of that evidence and create paid verification revenue.
Our model based on the five years of historical government data projects approximately $628,000 per year in verification revenue from the first deployment using the deliberately conservative 20% uptake assumption.

As soon as the paid verification begins, we intend to make the activity auditable.
Each paid verification request will be recorded through the PFMS verification layer, with the request's fee and pricing tier stamped to Cardano without exposing case information or requester identity.

The audit will then reconcile: the verification requests processed, the payments actually received, the corresponding on-chain records, and the 70/20/10 revenue distribution. Those audit results will be made public.

5. The value comes from what is being built, how extensively it has been proven and how reusable it becomes afterward.

PFMS includes reusable engines for source capture, identity, stamping, Cardano commitment and verification, together with the stage smart contracts, DID infrastructure, resilient edge capture, read only connector framework, testing infrastructure and verification layer.

The first live deployment is extremely important because it turns those components from theoretical open source software into infrastructure that has been tested against: real police hardware, legacy government systems, offline and unreliable network conditions, device and firmware differences, security requirements, real evidence workflows, and the complete evidence lifecycle.

Once those components have survived those conditions, they become substantially more valuable than an untested GitHub repository. And we do not see their reuse as limited only to police systems.

The underlying PFMS architecture is not limited to policing. Because each engine and component is modular, parts of the system can be reused independently across industries that require trusted source capture, identity, tamper evidence, resilient offline operation, provenance and independent verification.

That includes sectors such as healthcare, pharmaceuticals, insurance, logistics, manufacturing, aviation, financial compliance, government registries, certification, supply chain and critical infrastructure.

The domain workflows and connectors change, but the trust layer does not.

So the first police deployment is the first production proving ground for a broader enterprise trust infrastructure on Cardano, where the same reusable engines can bring sustained real world activity from multiple industries over time.
Again, the sequence matters. We are not asking the Treasury to build open source infrastructure with no customer and then search globally for someone willing to use it.

We already have the first signed government user. We are building the reusable infrastructure because that customer already exists, and we are building it on Cardano in a way that allows the resulting infrastructure to remain available to other governments, institutions and enterprise systems around the world.

PFMS will create great value to the Cardano ecosystem. I really hope these points will give you more context in reconsidering your vote.

Thank you 🙏

From Cardano Mainnet to the global policing ecosystem. 🔥

Presented FMS & PFMS to INTERPOL, Europol, German police, and European public prosecutors at the Tax and Crime Summit. 🇪🇺

The response was overwhelmingly positive, with incredible interest from the policing ecosystem.

Blorld problems. Governments taking notice. Cardano making its mark.

We’re only getting started. The future is exciting!

Hello Cardano & all the DRep’s.

I wanted to address the questions and provide my answers below:

The Q: Does the indian law accept hash on a public blockchain as a proof?

A. India 100% accepts hash on blockchain as a proof. The Centre of Excellence in Blockchain Technology at NIC,of India, states in its published concept note on blockchain in the judiciary that “blockchain could be used for securing evidence to be presented in court proceedings.” So blockchain backed evidence integrity is not a foreign concept.

Regarding e- Sakhshya,
e-Sakshya is one of the many existing government systems that PFMS is designed to integrate with. Its role is focused on the capture, preservation and electronic submission of specific digital evidence.

As we said before, PFMS IS NOT REPLACING SYSTEMS.
PFMS will act as an underlying technology layer for the government ecosystem.

The Q: So the real question isn't whether Trivolve Tech can build it. It's whether Trivolve can sell it to India's legal world: courts, prosecutors and defence lawyers.

I totally agree as an entrepreneur myself that the real question has to be whether the product can be sold or not.
In the case of PFMS, we have already secured our first user. All the numbers we posted are just from the first user’s usage in the 1st year.

I request all of you to please go through our proposal, PFMS.

Thank you. 🙏

Dear Cardano and all the DRep's who already voted & are about to vote:

Please consider this as an answer to multiple questions and statements directed towards @trivolvetech ‘s PFMS.

1. Statement: "Why should the Cardano Treasury pay to develop a police system for a single state government?”

A. The treasury will not be funding one single state government. This is a common misconception I have seen circulating around the ecosystem. This is absolutely false.

PFMS is being built as an open-source public good on Cardano that has huge potential to be adopted globally. The first agreed user is an Indian state government. This will add weight and provide humongous value to the product and will open multiple doors for a wider adoption at scale.

2. Statement: It is “simple record-keeping” project

A. PFMS is not simply a record keeping project. It is designed to prove what a record originally was, when it was created, which device produced it, which authorised officer was responsible for it, and whether anything changed afterwards.

And it does this across the entire chain of evidence. The difference is important.

PFMS does not just store records. It creates a verifiable history by binding records to device and officer identity, detects missing or altered records, preserves versions, and applies stage specific rules through Cardano smart contracts.

So when evidence is challenged years later, with PFMS, the evidence can prove that it is the same record that existed at that point in time.
That problem is not confined to one state or one country. It is a challenge faced by justice systems around the world.
Record keeping stores information. PFMS makes the integrity, history and chain of evidence verifiable.

3. Statement: It doesn’t drive any significant value to Cardano( what kind of amazing credibility Cardano gets from uploading records from some local police station)

A. It definitely brings significant value and immense credibility to Cardano.

With the first user alone, PFMS will generate 1.5 + million transactions on Cardano mainnet in just the 1st year which grow YOY with adoption. On top of that, PFMS also generates revenue through its verification layer. All of this revenue is new money flowing into the Cardano ecosystem.

Also, we have never claimed that Cardano gains credibility simply from uploading records from a local police station.
The credibility comes when Cardano becomes part of a full state scale deployment, where government departments depend on it as part of their day to day operational SOPs.

That is where the real credibility comes from.
It shows that Cardano is not just capable of processing transactions, but can operate as a trust layer underneath critical government infrastructure at scale.

And all of this credibility will be built just from the first user of PFMS.

4. Statement: Transactions get batched, and agencies will push batch sizes as high as they can to cut costs.

A. The government don’t want to batch transactions into fewer transactions. As the longer a batch remains off chain, the longer that evidence is prone to tampering. For that reason, the existing architecture is designed around how quickly the evidence needs to be secured on Cardano. The batching intervals are randomised for security reasons, so a bad actor wouldn't know the exact batching interval.

From the government’s perspective, paying for a higher number of transactions is cheaper than having to prove that the evidence was not tampered.

As it is quite an expensive and time consuming process for the government to revisit the whole case and the investigation cycle again. Due to this the government prefers to pay for larger numbers of tx’s rather than batching them into fewer tx’s.

I respectfully ask all DReps and the community to go through the PFMS proposal in detail.

If you have any questions, I am more than happy to answer them.

Thank you. 🙏

Hello, Cardano!

Tomorrow’s AMA with @F_Gregaard is one you won’t want to miss!🔥

We’ll discuss the success of @trivolvetech ‘s FMS and how this success has opened doors to
PFMS, the biggest government project ever on Cardano.

We’re talking government scale adoption, massive on chain activity, new money flowing into the ecosystem and what comes next for Cardano.

Please join us, it’ll be a fun ride. Buckle up. The next chapter is just beginning. 🚀

PFMS: Bringing Government Scale Adoption to Cardano by Trivolve Tech

Our proposal is live, and I want to talk about how PFMS has come this far.

All of this started with the successful deployment of the Forensic Management System (FMS), which has been among the top 10 transaction generating applications on Cardano Mainnet for more than a year.

This success opened doors and built trust in government ecosystems that blockchain technology (Cardano) is quite efficient at solving real world problems. This trust and belief led to this massive project, PFMS.

PFMS secures the entire chain of evidence. The problem of chain of evidence is not confined to one state or India. It is a worldwide issue.

The scale of adoption for PFMS is humongous. It took us a lot of time and effort to get PFMS to this place. But most importantly, it is the Cardano ecosystem’s support that opened doors for a project of this scale.

Your support and vote for this proposal can do wonders, both for Cardano and for people who are seeking justice.

Thank you for reading until the end. Let’s meet again in the next tweet. 👋

Please find our full proposal here:

ipfs.io/ipfs/QmWaohWcc…

Here’s our governance action link:

dreptalk.com/t/pfms-bringin…

Cardano dominated this year’s Token2049! 🔥

I’m also happy that @trivolvetech was part of this journey, as I had the opportunity to present our successful project, the Forensic Management System, on stage.

@Cardano ‘s presence >>>>>

These massive Real world adoption numbers on Cardano are a direct result of all your support !

Our team at @trivolvetech truly appreciates & values the incredible backing we’ve received from the Cardano ecosystem.

With your continued support, we will keep delivering more! 🙏🔥

This is massive for Cardano.

Time and again, it’s been proven that Cardano is ready for real world adoption.🔥

Congratulations, @YoramBenzvi and the entire team, for pulling this off. And cheers to @Catalyst_onX!