Proof of Usefulness Report

Byseciot

Analysis completed on 2/20/2026

+42
Proof of Usefulness Score
You're In Business

Byseciot is a legitimate but small-scale IoT security consulting firm based in London, Ontario (operating at byseciot.ca), rather than the global tech product implied by the submission. The submission contains critical inaccuracies, claiming 'everyone' as the audience and that 'most people have used my product,' which contradicts the reality of a local B2B service provider. While the service offerings (security audits, PIPEDA compliance) have genuine utility for SMBs, the project lacks technical innovation (relying on standard consulting practices) and verifiable scalability. The misuse of financial terms ('all time marketcap') and the gap between the submission's claims and the actual business metrics result in a low score.

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Score Breakdown

Real World Utility+75.00
Audience Reach Impact+15.00
Technical Innovation+15.00
Evidence Of Traction+20.00
Market Timing Relevance+75.00
Functional Completeness+20.00
Subtotal+37.13
Usefulness Multiplierx1.12
Final Score+42

Project Details

Project URL
byseciot.com
Description
At Byseciot, we specialize in providing tailored IoT security and network protection solutions designed specifically for small to medium businesses. With the increasing reliance on connected devices, we understand the unique challenges SMBs face in securing their digital environments. Our mission is to empower businesses with the knowledge and tools necessary to safeguard their IoT ecosystems. We offer a comprehensive range of services, including IoT Security Assessments, Network Security Architecture, and Incident Response & Remediation. Driven by our core values of integrity, innovation, and customer-centricity, we are dedicated to simplifying security for our clients, enabling them to operate confidently in an increasingly complex digital landscape. Join us on our journey to enhance the security posture of SMBs worldwide. Let’s build a safer connected future together!

Algorithm Insights

Market Position
Growing utility with room for optimization
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