Proof of Usefulness Report

CipherTrace

Analysis completed on 1/17/2026

+668
Proof of Usefulness Score
Category Standard

CipherTrace is a premier blockchain intelligence and cybersecurity firm, acquired by Mastercard in 2021 (estimated $250M+). It provides critical AML/CTF compliance infrastructure for banks, governments, and exchanges globally. While the project itself has exceptional real-world utility, technical innovation, and verifiable market traction (used by DHS, major banks), the submission provided was of very low quality. The submitter entered inaccurate claims ('audience reach: everyone', 'traction: most people', 'revenue: marketcap') which contradicts the specialized B2B nature of the business. The score reflects the massive verifiable value of the entity, penalized by a low Quality Factor for the specific evidence and effort provided in this submission.

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Score Breakdown

Real World Utility+237
Audience Reach Impact+144
Technical Innovation+135
Evidence Of Traction+142
Market Timing Relevance+95
Functional Completeness+5
Subtotal+759
Usefulness Multiplierx0.88
Final Score+668

Project Details

Project URL
Description
CipherTrace enables the blockchain economy by protecting cryptocurrency companies and financial institutions from security and compliance risks. Years of research have gone into developing the world’s most complete and accurate cryptocurrency intelligence and forensics, covering more than 800 currencies. This visibility into the blockchain and virtual asset businesses helps protect banks and\nexchanges from cryptocurrency laundering risks, while protecting user privacy. CipherTrace also works with government agencies to bridge the gaps between regulation and the world of cryptocurrencies and blockchain.\n\nVisit us at https://ciphertrace.com/\n\nSubscribe to our newsletter https://ciphertrace.com/newsletter/
Audience Reach
everyone
Target Users
everyone
Technologies
Analytics, Blockchain, Data Privacy-And-Compliance
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