Round 1 Winners!
Proof of Usefulness Report

Covenantz

Analysis completed on 3/21/2026

+80.75
Proof of Usefulness Score
You're In Business

While the project targets a legitimate and significant issue in the construction industry (cost overruns and inefficiencies), the submission is characterized by exaggerated claims and a severe lack of verifiable data. Statements such as 'everyone' for audience reach, 'most people have used my product' for traction, and listing a 'marketcap' of 500,000 instead of real revenue demonstrate a lack of realistic execution or standard metrics. The technology description relies heavily on buzzwords (AI, ML, APIs) without detailing a viable proprietary tech stack. Consequently, the project currently falls into the minimal to no verifiable traction category.

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Score Breakdown

Real World Utility+25
Audience Reach Impact+0
Technical Innovation+5
Evidence Of Traction+0
Market Timing Relevance+50
Functional Completeness+5
Subtotal+85
Usefulness Multiplierx0.95
Final Score+81

Project Details

Project URL
Description
Kiregistry powered by Covenantz is changing the way the world builds. If you're an owner, builder, investor or among thousands of stakeholders in a large construction project, you'll agree with McKinsey that many projects typically complete at 27% over budget and over time. Most project owners and builders price in overruns and delays while tolerating waste and pollution as a rampant component of project delivery. The US$16 trillion global construction industry is historically a late adopter of technology, plagued by inadequate solutions perpetuating industry silos. Driving projects to completion has been a time-consuming manual task that leads to errors, cost overruns, extended carrying costs, and increased risk to all stakeholders. What if this low-margin and inefficient "silo model" no longer needs to be the norm? What if new technologies are available today to mitigate overruns and delays while massively improving the return on investments (ROI) and lowering the carbon footprint of the world's Built Environment? Welcome to KiRegistry powered by Covenantz – a free integrated ecosystem for the Built Environment that allows "buyers" and "sellers" to collaborate in real-time across all industry silos to save time and reduce capital risk while increasing stakeholders' profitability and delivery. KiRegistry members establish a profile to collaborate anywhere in the world. Members can design, specify, and integrate all existing systems, retain data sovereignty, and build more within the same capital portfolio. Once your project goes live, the KiRegistry Covenantz engine powers up with Machine Learning (ML), Artificial Intelligence (AI), and APIs for all your other systems to drive it to completion. We call this the Covenantz Effect. KiRegistry members maximize ROI with their integrated data and collaboration across silos. Covenantz is compensated with a project disbursement fee. We capture your avoided costs and pass on the savings to you.

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