Proof of Usefulness Report

Al Etihad Payments

Analysis completed on 2/7/2026

+608
Proof of Usefulness Score
Category Standard

Project 'Al Etihad Payments' (AEP) is the verified subsidiary of the Central Bank of the UAE, operating the national instant payment platform 'Aani' (launched Oct 2023) and card scheme 'Jaywan'. The 'aep.ae' domain confirms legitimacy, validating the critical real-world utility and national reach despite the low-quality submission text ('ShadowForge', 'most people', missing business type). External search confirms ~1.5M users, supporting the traction claim, though the '17000000 marketcap' figure appears to be a data anomaly or capital placeholder. The score is high due to the confirmed national infrastructure status, penalized slightly for the lack of technical detail and unprofessional submission fields.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+200
Audience Reach Impact+152
Technical Innovation+56
Evidence Of Traction+180
Market Timing Relevance+90
Functional Completeness+5
Subtotal+683
Usefulness Multiplierx0.89
Final Score+608

Project Details

Project URL
Description
At Al Etihad Payments, we deliver a cutting edge, secure, stable and internationally-compliant payments infrastructure to enable money to move throughout the country more quickly, securely and more efficiently.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline