Proof of Usefulness Report

Backblaze

Analysis completed on 2/7/2026

+706
Proof of Usefulness Score
Category Standard

Backblaze is a well-established, publicly traded cloud storage provider (Nasdaq: BLZE) with significant real-world utility and verified traction (500k+ customers, ~$100M+ revenue). However, the project submission itself contains low-quality, inaccurate data (e.g., claiming a market cap of 2.5M instead of ~$270M, and hyperbolic traction claims like 'most people have used my product'). While the entity scores highly on utility and reach metrics due to its proven market position, the final score is dampened by the poor quality of the specific submission data and a conservative randomization factor.

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Score Breakdown

Real World Utility+276
Audience Reach Impact+190
Technical Innovation+127.5
Evidence Of Traction+142.5
Market Timing Relevance+90
Functional Completeness+5
Subtotal+831
Usefulness Multiplierx0.85
Final Score+706

Project Details

Project URL
backblaze.com
Description
We offer high-performance, secure cloud object storage that customers use to build AI workflows, develop applications, manage media, secure backups, protect from ransomware, and more. Our platform includes: - B2 Cloud Storage: S3-compatible object storage with predictable pricing, no minimum file size or storage duration fees, and free egress up to 3x storage. - B2 Overdrive: A high-performance solution built on the Backblaze B2 foundation with up to 1Tbps throughput and unlimited free egress. - Computer Backup: Automatic, continuous backup for Mac and PC endpoints, protecting devices across hybrid and remote work environments. Over 500,000 customers in 175+ countries trust Backblaze for: - Scalable storage for AI/ML, SaaS, and digital media applications - Secure backups for disaster recovery and business continuity - Fast access to data for content creation, editing, and delivery - Cost optimization and control over how data moves and lives in the cloud Founded in 2007 and based in San Mateo, California, Backblaze is publicly traded on the Nasdaq (BLZE). Learn more at www.backblaze.com.

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