Proof of Usefulness Report

FidesInnova

Analysis completed on 2/19/2026

+39
Proof of Usefulness Score
You're In Business

FidesInnova is a verifiable computing platform for IoT using Zero-Knowledge Proofs (ZKP), a technically promising and relevant field. However, the submission contains significant inaccuracies and hyperbole. The claim that 'most people have used my product' is demonstrably false, as external data indicates early-stage traction with minimal users (e.g., <10 students in on-site courses). The reported financial metric is a 'market cap' of 2.5M (likely a micro-cap token valuation) rather than revenue. While the underlying technology is innovative and the market timing is favorable, the low response quality and lack of verifiable traction heavily penalize the score.

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+15.0
Audience Reach Impact+1.0
Technical Innovation+10.5
Evidence Of Traction+0.63
Market Timing Relevance+8.0
Functional Completeness+0.25
Subtotal+35.38
Usefulness Multiplierx1.10
Final Score+39

Project Details

Project URL
Description
Fidesinnova is a verifiable computing platform that ensures IoT devices are secure, cloud applications run correctly, and machine learning models produce valid results. Using Zero-Knowledge Proofs (ZKP), it provides tamper-proof, privacy-preserving, and auditable-computations across all applications.

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