Across the Commitment Economy series, AI has been the disrupting force. That framing is accurate but incomplete. The old economy offers AI two slots: tool of an owner, or owner itself and both fail. The Commitment Economy did not set out to solve this. It solved it as a byproduct. Custodial Intelligence is the structural position that results.

Contribution is becoming visible. That doesn't matter if capital still writes the outcome. Impact Certificates are the missing financial instrument of the Commitment Economy letting capital participate without becoming ownership.