Proof of Usefulness Report

Elite-Iot

Analysis completed on 2/20/2026

+18
Proof of Usefulness Score
You're In Business

The project 'Elite-Iot' (submitted by 'BlazeStone') appears to be a niche B2B IoT consultancy service. However, the submission contains significant red flags and credibility issues. The claim that 'most people have used my product' is demonstrably false for a specialized consultancy. The audience reach claim of 'everyone' is inaccurate. Financial metrics are presented confusingly ('all time marketcap: 500000'), suggesting either low lifetime revenue ($500k over 6 years for a team of 6) or a misunderstanding of terms. While the underlying business concept (IoT consultancy for smart buildings) has theoretical utility, the lack of verifiable traction, the incoherence of the submission, and the exaggerated claims result in a very low Proof of Usefulness score.

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Score Breakdown

Real World Utility+50
Audience Reach Impact+5
Technical Innovation+20
Evidence Of Traction+5
Market Timing Relevance+40
Functional Completeness+10
Subtotal+17.375
Usefulness Multiplierx1.04
Final Score+18

Project Details

Project URL
Description
What it delivers: Business development expertise to empower ambitious Start-ups and SME’s who have products and solutions they want to bring to the global Smart IoT convergent commercial building and lighting controls, including analytics and artificial intelligence (AI) market. In addition, to be of significant value to “End Clients” (namely building developers, owners, managers and users), leveraging knowledge and experience garnered from across a wide range of technologies and applications in the smart IoT convergent controls for the built environment globally. So helping them: > better understand what they actually need > is it possible? > who could supply? > what technologies? > what questions to ask to better ensure they get what they expected? The focus - Products and solutions that address: > Convergent open interoperable internationally published or industry de-facto standards based >Highly flexible solutions, locally and remotely updatable in “real-time” > Seamless access and ownership of device value and use case data in “real-time” by the “end client” > Delivering energy saving, sustainable outcomes that address health and well being > Adding business value whilst delivering better “end client” outcomes > Focussed on energy and money saving, whilst addressing sustainability, health and wellness issues

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