Trivolve Tech

In the current NCL limit of 500M ADA, we as an ecosystem have spent: - Give or take 50% on core development. - 24% on DeFi. I totally agree that this expenditure is important. Despite all this spending, we are yet to see an institutional paying customer. Most of the activity on chain is purely driven by market cycles. But when it comes to real world usage, it works like clockwork. The activity happens irrespective of whether it’s a bull or bear market. This is called sustained on chain usage. Imagine an institutions depending on Cardano for its day to day SOPs. This dependency creates waves across multiple other enterprises and makes them feel confident about building on Cardano. Now, we have the opportunity to create real world adoption and bring a paying institutional customers to Cardano through PFMS. The PFMS ask is less than 2% of the NCL. This will bring multiple paying institutions onto Cardano. Not just that, we are building an open source reusable infrastructure for our ecosystem. This institutional dependency and usage will add to Cardano’s credibility. I humbly ask all the DReps and our community to recognise the real value and opportunity here. I’m happy to answer any questions regarding our PFMS proposal. Thank you.

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.

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 everyone needs to understand 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.

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.

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 Adoption- Government (who 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.

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. Blockchain solving real world problems. Governments taking notice. Cardano making its mark. We’re only getting started. The future is exciting!

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. 🙏