Trivolve Explain PFMS Revenue Model and Cardano NFT Evidence Certificates

Trivolve Tech founder and CEO Rahul Konudula don outline how the proposed Police Force Management System, wey dem dey call PFMS, go take generate verification revenue and issue evidence certificates for Cardano. For Governance Hour, e answer questions about Treasury funding, the assumptions wey dey behind the project adoption forecasts, and how dem wan first deploy am for Telangana state for India. The talk add more details to the 9.6 million ADA funding request wey cover development and deployment for 15 months.

PFMS Go Connect Five Stages of Police Evidence Handling

As e dey yarn with Cardano Foundation Governance Lead Nicolas Cerny, Konudula describe PFMS as reusable, open-source infrastructure, with Telangana as the first user. Na this difference e use take answer the main funding question: why Cardano Treasury suppose finance development when na government go use the system. Under the arrangement wey dem propose, Treasury funding go support the shared software, while the state go pay for deployment infrastructure, maintenance, and transaction costs.

PFMS go connect records across five stages: pre-crime evidence collection, investigation, evidence storage, prosecution, and court proceedings. The scope include surveillance recordings, laboratory reports, investigative documents, and records of physical evidence transfers. The system go operate side by side with the institutional software wey dem already dey use, e no go replace am.

Original files and personal information go remain inside institutional systems. Cardano go hold cryptographic fingerprints and the verification records wey join dem, so that authorized person fit compare any file with the registered version. If dem modify recording or document, e go produce different fingerprint. This one fit show whether the content wey dem check match the registered record; but e no fit on e own prove whether the original evidence true or dem collect am lawfully.

Konudula present faster evidence verification as something wey fit help make proceedings shorter. Based on the team analysis of historical government records, e estimate say average case duration fit drop from about 7.5 years to five years. That number na the team expected impact, no be measured outcome from completed PFMS deployment for Telangana.

Paid Verification Go Support Treasury Revenue

In addition to the activity wey record registration go generate, Trivolve dey plan optional paid service for expedited verification. Konudula explain say charges go depend on the amount and scope of information wey dem request. E give example of about $1.89 for small request and $100 to $200 for some requests wey cover full evidence chain. The financial model dey use average charge of $3.60 per verification.

The model start with annual average of 290,000 cases over ten-year period. When dem ask am why e pass the figure of about 228,000 cases wey dem cite for previous year, Konudula explain say the bigger number represent projected average across the future period. The team assume say paid verification go dey used for 20% of cases, compared to about 40% wey dem identify as get demand for verification inside their historical analysis.

Konudula project about $628,000 annual verification revenue, based on estimated 58,000 participating cases per year, average charge of $3.60, and three verification requests during each case lifetime. The estimate join annual case intake with demand wey dey extend across the life of a case. Revenue wey dem receive for any particular year therefore go depend on when those requests happen, and how many parties use the optional service.

The proposed allocation direct 70% of verification revenue to Cardano Treasury, 20% to maintenance of core Cardano libraries, and 10% to Trivolve Tech. State-funded transaction costs dey separate from that verification revenue. Konudula still talk say the same allocation go apply to future deployments and say Treasury payments no get any cumulative cap wey go end the revenue-sharing arrangement after certain level.

[NEWSBREAK]

Certificate Wallets and Conditions for the First Deployment

Konudula describe verification process wey go issue evidence certificate as Cardano NFT. The service go automatically create noncustodial wallet for the requesting party and deliver the certificate there. E identify CIP-25 as the intended NFT metadata standard. For the recipient, the proposed product na digital evidence certificate, with blockchain records wey support the verification.

The team wallet forecast assume two parties per case. If dem apply am to about 58,000 cases annually, e produce estimate of 116,000 wallets per year, or 1.16 million over ten years. Konudula present these figures as the project potential reach. Dem be projections of wallet creation based on participation for cases, no be observed count of unique users.

For the initial deployment, Konudula report say dem don sign agreement wey cover at least ten years of use. Na that period dey support the revenue and wallet forecasts wey dem present for the discussion. E still report expressions of interest from two other state governments, but e no announce additional contracted deployments.

The transaction forecast start at about 1.5 million Cardano mainnet transactions annually, with growth wey tie to adoption. Near the end of the discussion, Konudula talk say Trivolve intend to include the transaction commitment inside the administrator contract. That announced intention dey separate from the agreement wey e describe for the first government use of the system.

The Cardano Foundation na the proposal named administrator. For the opening of the program, Cerny disclose that role and explain say to appear for Governance Hour no mean endorsement by am or by the Foundation.

The funding plan provide five payments over 15 months: initial 1.8 million ADA, three installments of two million ADA, and final 1.8 million ADA. Payments after the initial tranche go require verification of the corresponding deliverables by the administrator and independent assessor. The final installment go depend on demonstrated sustained use, with unspent funds returned to the Treasury.