Proof of Usefulness Report

Ethicronics

Analysis completed on 2/3/2026

+71
Proof of Usefulness Score
You're In Business

Ethicronics (GoldenForge) is a legitimate, high-potential deep tech startup spinning out of Cambridge with backing from NATO DIANA and NCSC. The project addresses a critical real-world problem—counterfeit electronics in supply chains—with innovative software-based hardware assurance. However, the PoU score is significantly penalized by a low-quality submission that includes demonstrably false claims ('most people have used my product', 'audience reach: everyone') and lacks specific data. While the technology and institutional traction are verified and impressive, the submission quality and current commercial scale (Seed/Pilot stage) place it in the 'Minimal Traction' scoring range.

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+27.0
Audience Reach Impact+4.0
Technical Innovation+17.1
Evidence Of Traction+7.5
Market Timing Relevance+9.5
Functional Completeness+0.25
Subtotal+65.35
Usefulness Multiplierx1.08
Final Score+71

Project Details

Description
Ethicronics offers innovative software (SW) solutions for addressing electronics hardware (HW) challenges. Our primary focus is on developing a scalable, tamper-proof, ready-to-use software solution eliminating the risk of counterfeit/compromised electronics hardware, for good.

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