1. I read it
2. I think about it
3. I vote on it early + rationale
4. I ask delegators to redelegate if they disagree
5. I have enough delegated stake
6. I vote ❌ if it is from Emurgo or Yoroi until 1 June 2027
Minimum Viable DRep for Minimum Viable Governance
$inputendorsers | Cardano DRep retweeted
Capital gives an institution room to operate. Retaining capital gives it resilience. Clear ownership and compensation arrangements help ensure that growth benefits the people who contribute to it.
*we might consider helping, but it has to be their skin in the game
I want to see a government so invested in a decentralized system because it is truly necessary - that they are willing to pay for that innovation they need.
Or else, they may be choosing Cardano, because the treasury is paying for a cute experiment and it's free.
$inputendorsers | Cardano DRep retweeted
The 9.6M ADA PFMS proposal (a police evidence system in India, built on Cardano) looks like a tech question. It's really a sales question. Here's my reasoning, and why I'd want my DRep to vote No.
What the law requires
• Police in India keep case evidence as files. Under India's new criminal laws, in force since July 2024, electronic evidence submitted to court must come with a certificate that includes its hash value: a digital fingerprint showing the file is the original.
• That's the opening PFMS is built for. It stamps those fingerprints on Cardano.
But a blockchain isn't the only answer
• I can't find a single Indian court ruling that accepts a hash on a public blockchain as that proof.
• The government already has its own tool. e-Sakshya is the official evidence app that India's Home Minister launched in August 2024 for the new criminal laws. Police record evidence in it, and it's kept on a government evidence server that courts can access.
• The 54-page proposal doesn't mention e-Sakshya once.
Spending 9.6M ADA on this? Fine. Paying for it from the treasury? For the sake of argument, fine too.
The problem is how the money is supposed to come back.
How the money comes back
• The only revenue is paid verification. A lawyer or a prosecutor pays to check a record, from $1.89 per request, and 70% goes to the treasury.
Now run the numbers
• Say 100,000 police case files get stamped on Cardano.
• Say 10,000 of them end up contested in court, through victims' challenges and other disputes.
• Say 1,000 of those turn on whether the evidence is genuine, so a lawyer or a prosecutor wants it checked.
• Most of those 1,000 will use the government's own system, e-Sakshya.
How many will treat the hash on Cardano as the only way to settle it?
For that number to be large, three things have to be true
1. Trust in the existing government system is close to zero across the country.
2. No working habits or vested interests keep police, lawyers and courts on that system.
3. Courts accept the hash on Cardano as verified proof.
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.
The proposal has no plan for that, and I don't see that capability.
Build it, by all means. Just not on the Cardano treasury's budget.
Your ADA doesn't vote on this. Your DRep does. Voting closes Nov 20.
We’re in a position where we’d be spending 9.6M $ADA on a proposal that doesn't bring in users or liquidity, doesn't directly add to network volume, and doesn't improve the developer experience for builders.
Put simply, a project that records police evidence for one Indian state benefits that state's public agencies more than the Cardano ecosystem.
If that's the case, those agencies should be the ones paying for it.
I think that 9.6M ADA could go somewhere far more valuable for Cardano.
We should be focusing on projects that create a positive cycle: new products get built, users and liquidity come in, that activity refills the treasury, and the treasury gets reinvested in the next wave of growth.
$inputendorsers | Cardano DRep retweeted
Dear Cardano, tomorrow we talk GOVERNMENT SCALE! 🚀
Tomorrow at 2:00 PM UTC, join us for an AMA as we discuss how the success of FMS laid the foundation for the biggest government project ever on Cardano, PFMS.
This is about something much bigger. It’s about showing the world what Cardano can do when blockchain meets real world government infrastructure.
📢 Please set your reminders. We have a lot to share!
See you all tomorrow. 🙏
We're hosting a live AMA tomorrow at 15:00 CET with @F_Gregaard, 5am.Earth and @trivolvetech.
From farm records to police evidence, both projects are putting real transactions on Cardano. Let’s dig into how.
Drop your questions and set your reminders below.
They took this away from you
SecondFi in action 🟦 xitter.cf/i/broadcasts/1rxmqqzAO…
$inputendorsers | Cardano DRep retweeted
Replying to @MeAtayev
Thanks for sharing your view. I think using blockchain for record-keeping just isn't a meaningful growth driver in this market anymore. That use case stopped getting real attention a long time ago.
These days it's hard to find any foundation putting big budgets into projects that use their network only for records.
There are far more use cases now that actually drive network activity, like tokenized funds, stablecoins, tokenized securities and AI agents.
The way I see it, record-keeping works on any network, so even if it gets built, it's not something that sets Cardano apart or that's worth promoting to the market.
PFMS is probably value for money for the taxpayers of the Indian state of Telangana. Their taxes should fund it.
Not so much a great fit for the taxpayers of Cardano treasury.
We’re in a position where we’d be spending 9.6M $ADA on a proposal that doesn't bring in users or liquidity, doesn't directly add to network volume, and doesn't improve the developer experience for builders.
Put simply, a project that records police evidence for one Indian state benefits that state's public agencies more than the Cardano ecosystem.
If that's the case, those agencies should be the ones paying for it.
I think that 9.6M ADA could go somewhere far more valuable for Cardano.
We should be focusing on projects that create a positive cycle: new products get built, users and liquidity come in, that activity refills the treasury, and the treasury gets reinvested in the next wave of growth.
$inputendorsers | Cardano DRep retweeted
We’re in a position where we’d be spending 9.6M $ADA on a proposal that doesn't bring in users or liquidity, doesn't directly add to network volume, and doesn't improve the developer experience for builders.
Put simply, a project that records police evidence for one Indian state benefits that state's public agencies more than the Cardano ecosystem.
If that's the case, those agencies should be the ones paying for it.
I think that 9.6M ADA could go somewhere far more valuable for Cardano.
We should be focusing on projects that create a positive cycle: new products get built, users and liquidity come in, that activity refills the treasury, and the treasury gets reinvested in the next wave of growth.
$inputendorsers | Cardano DRep retweeted
The Cardano treasury is limited. Any governance action should clearly show what it contributes to the ecosystem. Just using the network isn't enough.
It should bring in real users and liquidity, drive network volume, or at least improve things for builders. It shouldn't just benefit individuals or for-profit companies.
Ecosystem growth comes first right now, and spending with unclear contribution needs to stop. As a DRep, part of my job is making sure the treasury is used efficiently, so I hope you understand why I'm being conservative here.
$inputendorsers | Cardano DRep retweeted
Join @IOHK_Charles & SE7EN Labs for a look inside the Daedalus Roadmap.
Faster sync, lower memory use, dApp integration, hardware wallets and what comes next.
October 27 @ 5PM EDT / 3PM MDT / 21:00 UTC
Set a reminder: xitter.cf/i/spaces/1RKZzBYNRyaKB
$inputendorsers | Cardano DRep retweeted
On SteelSwap, some routes skip batchers entirely. Splash, the Cardano DeFi Kernel, Saturnswap, and Dano all skip the batchers and associated fees. No other aggregator does that.
$inputendorsers | Cardano DRep retweeted
Thanks for the reply. Honestly though, it gives me even less reason to support PFMS. I don't see how it helps the Cardano ecosystem.
1. Most of the costs you described are device-specific CCTV adapters, CCTNS and Dial 100 integration, and local legal compliance. That's SI work tailored to the Telangana police system, and even if it gets reused, it'll be for your next government client, not for Cardano.
The Cardano-specific part is basically hash anchoring. This kind of work should come out of a government procurement budget. I don't see why the Cardano treasury should pay for it.
2. You said the rules are enforced by on-chain smart contracts. Can you point to the actual evidence? The on-chain records I found from IndianChain are Merkle roots in metadata, with no script execution. Even in the architecture you described, the PartnerChain handles operational state and Cardano only stores hashes. Cardano ends up as a record-keeping layer.
3. I'd also like to see the basis for 1.53M mainnet transactions a year. If records are batched into Merkle roots, it's hard to see how you'd get anywhere near that number. I'd expect the real impact on mainnet volume to be minimal.
4. You framed the government covering 100% of operating costs and fees as a plus, but that's just expected. There's no reason for the treasury to cover those costs too.
Bottom line, this is a simple record-keeping use case that doesn't bring in liquidity or users and doesn't add much to network volume. I think it should be funded through government procurement, and I'm keeping my vote at No.
Replying to @dori_coin
Hi Dori, thank you for continuing to engage with the proposal and for taking the time to look closely at the technical side of it.
We understand it is a long reply but we think it is necessary to provide the context.
Yes, hashes ultimately reach Cardano. But the difficult part of PFMS is not simply taking a hash and putting it into a transaction.
To begin with, most of the work in PFMS isn’t just writing code. It’s making that code work against real police hardware and legacy systems.
A single device type has many makers (Hikvision, CP Plus, Dahua, etc.) and many firmware versions, a lot of which are old and undocumented. Our engineers build and test an adapter for each one, on site, against real devices like DVRs, NVRs, bodycams, handhelds and ANPR cameras. The same goes for every police system we read from: CCTNS, the Dial 100 control room, the station diary and the armoury.
Every piece of code goes through the same cycle: build it, break it on purpose with multiple scenarios (cut the network, cut the power, reset the device clock, tamper with a video), fix it, test it again, and submit the results to the independent assurer and our admin, Cardano Foundation. This process is repeated across hundreds of devices, systems and scenarios, this cycle is where work and the cost go.
On top of that, there is security testing, as well as legal fit under the Bharatiya Sakshya Adhiniyam. Everything is then packaged as reusable adapter kits, so the next state or country starts from there, not from scratch.
The system therefore includes a Source Engine, edge Capture Engine, Identity Engine, Stamping Engine, Cardano Commit Engine and Verification Engine. The capture layer is explicitly designed to continue operating when connectivity fails, preserve ordered records locally, detect gaps and submit them once connectivity returns. The identity layer binds records to the identity of device and authorised officer that produced them.
It is funding the engineering required to make that architecture operate across a real state scale justice environment, along with security testing, assurance, five operational stages of chain of evidence, open source release and deployment tooling.
There is also an important distinction regarding IndianChain.
Its architecture is an application specific Cardano PartnerChain for government agricultural settlement, record verification and credit workflows. The system has its own execution environment, validator architecture and high frequency operational layer, while Cardano acts as the final settlement and security anchor.
The architecture includes PartnerChain validator nodes, deterministic transaction ordering, state transition execution, canonical hashing, settlement services, Cardano transaction submission, proof resolution and replay verification.
The PartnerChain handles operational state and workflows; Cardano provides the independently verifiable settlement layer. The architecture anchors important state hashes and audit points so that historical state can later be reconstructed and checked against Cardano.
In the case of PFMS, The commit engine enforces stage specific rules around capture, transit, custody and filing through on-chain smart contracts. For example, custody rules can prevent an exhibit from being reissued while already checked out, and invalid transitions remain visible rather than silently changing state. The verification layer then allows prosecution, defence and the court to independently check the same record against Cardano and receive the same cryptographic result. That is why we see Cardano's role here as much more than generic timestamping. It becomes the independent trust and settlement layer underneath a government evidence system.
$inputendorsers | Cardano DRep retweeted
Can blockchain create a financial system in which underserved people are not merely new customers, new users or new sources of liquidity, but people with real economic agency and a fair opportunity to build wealth?
$inputendorsers | Cardano DRep retweeted
I'm voting No on PFMS. It asks for 9.6M ADA, far too much for how hard this is to build, with little real value flowing back to Cardano.
As I keep saying, look at what the blockchain actually does here. PFMS puts record hashes on Cardano to detect tampering.
The team's earlier projects, FMS (built with Catalyst funding) and IndianChain, are both classified as notary apps on Cardano's own leaderboard. IndianChain just bundles 100 record hashes into one metadata entry, without even using a smart contract.
So Cardano's role is timestamp notarization. In my view, a small team could ship a PoC of the on-chain part quickly, yet the ask is huge.
This kind of notarization can be applied to any record, not just policing. It's a generic feature with nothing that sets it apart, and on its own it's not a product that brings in users or liquidity.
What Cardano needs right now isn't another record-keeping service. It's products that bring in more users and liquidity and generate real transaction volume.




















