{"@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":"There's much to like about this proposal. **We're eventually looking at a credible technical concept that comes with a serious criminal justice problem.** Not another DeFi, DEX, or infrastructure gimmick. An independently verifiable chain of custody could create real public value, and an open-source implementation might give Cardano a meaningful government reference deployment. So far, so good.\n\n**The funding case, however, is not yet sufficient in my view** for a withdrawal of almost 10M ADA. For starters, **the proposal relies on projected adoption and transaction volumes, yet it lacks the most critical evidence: a binding commitment from Telangana and verifiable public funding!**  l'd love to see a complete budget across all funding sources.\n\nThere is also a strategic question about who should bear the risk. **This platform has commercial potential for licensure, and, as a result, it is not a clear-cut case for Cardano to cover the entire development expenses without an associated economic interest.** Public institutions already have access to funding mechanisms for systems of this nature. I'd expect that, **if Cardano’s Treasury provides substantial seed capital for a global business, it should receive more than goodwill and transaction volume.** From the top of my hat, a properly structured arrangement could, for example, include equity or another enforceable economic participation, licensing fees flowing back to the Treasury, and clear rights to the open-source and reusable components.\n\nLastly, as so many times, **I have more confidence in the submitter's ability to build the technology than in the evidence that it can secure adoption, manage the long-term government relationship, and commercialize the platform internationally.** Development is (as usually) well represented in the proposal. Distribution, management, market validation, and post-launch sustainability are largely (again) assumptions. **A great system that nobody adopts is not a Treasury success!**\n\nI still like this though. **I am open to supporting a reduced validation phase or a resubmission that features verifiable government commitments, a full funding and cost model, along with a commercially sound agreement that provides Cardano with a reasonable return if this evolves into a viable licensable business. The Treasury should finance verified deployment readiness rather than take on the principal risk of an untested commercial opportunity.**"}}