{
  "subject": {
    "type": "human",
    "id": "user_002"
  },
  "action": "payout.initiate",
  "resource": {
    "type": "payout",
    "id": "po_1002"
  },
  "policy": {
    "policy_v": "v0",
    "scopes": [
      "payout:create"
    ],
    "constraints": {
      "max_amount_cents": 100000,
      "currency_allowlist": [
        "USD",
        "EUR"
      ],
      "merchant_allowlist": [
        "m_beta"
      ]
    }
  },
  "result": {
    "decision": "deny",
    "reason_codes": [
      "amount_exceeds_limit",
      "merchant_not_allowed"
    ]
  },
  "hashes": {
    "input_hash": "d56bb5ca9e59c5f2daa851cb78f9c4af77a180abc2d331f55a9bed3133751df4",
    "output_hash": "8eef66ca42a513f242a28476e496aaee73d0941faada3e41a2798159eaaedd11"
  },
  "timestamp": "2026-02-24T12:01:00Z",
  "jti": "jti_v002_deny_basic",
  "chain": {
    "prev_hash": "0000000000000000000000000000000000000000000000000000000000000000",
    "entry_hash": "c5bf2808328d75ed87eeb28a1c246ff34a965f237cc47cfbff757f8112a3e8fe"
  }
}