Proof of Usefulness Report

BlueTape

Analysis completed on 1/16/2026

+521
Proof of Usefulness Score
Industry Mainstay

BlueTape is a verified, venture-backed fintech company (approx. $55M funding) solving critical cash-flow problems in the construction industry with BNPL solutions. While the project itself demonstrates high real-world utility, strong market timing, and significant verified traction (partnerships, funding, active since 2020), the submission provided by 'ShadowForge' was of exceptionally poor quality, containing false claims ('everyone', 'most people') and lacking data. The score reflects the high value of the verified entity, heavily penalized by the low quality and lack of evidence in the submission.

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+225
Audience Reach Impact+80
Technical Innovation+56
Evidence Of Traction+118
Market Timing Relevance+90
Functional Completeness+2
Subtotal+572
Usefulness Multiplierx0.91
Final Score+521

Project Details

Project URL
Description
BlueTape offers an innovative and easy-to-use payment and financing platform that transforms how building materials are financed in the industry. BlueTape partners with material suppliers to offer their customers a wide range of payment options, including flexible financing. Contractors will have a quick and hassle-free way to pay for building materials on the go and leverage BlueTape credit to pay for materials over time.
Audience Reach
everyone
Target Users
everyone
Technologies
Banking, Software Development, Payments
Traction Evidence
most people have used my product

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