{"@context":{"CIP100":"https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#","hashAlgorithm":"CIP100:hashAlgorithm","body":{"@id":"CIP100:body","@context":{"comment":"CIP100:comment"}}},"hashAlgorithm":"blake2b-256","body":{"comment":"Trivolve’s track record is visible on mainnet. On the [cardano.org transaction leaderboard](https://cardano.org/apps/leaderboard), FMS by Trivolve ranks #10 with 19,643 transactions over the last 30 days, and Indianchain by Trivolve ranks #11 with 13,694 (Sep 16 to Oct 16, 2026). Both are government deployments in daily use. The leaderboard counts only transactions it can attribute on-chain, so anyone can verify these numbers with a chain indexer.\n\nPFMS builds on FMS, which already covers one of the five stages and has run for over a year on the state’s own infrastructure. The team is extending a working system for a customer it already serves.\n\n4 of the 5 payments are made only after an independent assurer has checked the milestone. Spending is capped at $0.30 per ada, and anything above that goes back to the treasury. After launch the state pays transaction fees and operations.\n\nI have two reservations. The 1.8M ada kickoff tranche is large, and the 1.5M transactions a year are a projection. (will compare the milestone reports with the leaderboard numbers, and I expect the open source core to be published as promised)\n\n**Disclosure**: I work at the Cardano Foundation, which submitted this action and is its administrator. I had no part in preparing it, and my DRep votes are my own."}}