Proof of Usefulness Report

Hidexe

Analysis completed on 2/10/2026

+143
Proof of Usefulness Score
Gaining Momentum

Hidexe is a legitimate, VC-backed SaaS platform modernizing the global hide and leather trade (B2B). While the project demonstrates high real-world utility by digitizing opaque supply chain processes, the submission itself is of poor quality. The submitter made verifiable false claims regarding traction ('most people have used my product') and audience reach ('everyone'), contradicting the specialized B2B nature of the platform. The score reflects a promising business model and technology (AI/ML grading), severely penalized for the lack of credible evidence in the submission and the discrepancy between the project's likely reality and the user's provided data.

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Score Breakdown

Real World Utility+85.0
Audience Reach Impact+10.0
Technical Innovation+25.0
Evidence Of Traction+15.0
Market Timing Relevance+15.0
Functional Completeness+2.0
Subtotal+152
Usefulness Multiplierx0.94
Final Score+143

Project Details

Project URL
hidexe.com
Description
HIDEXE SA is a Luxembourg-based start-up founded in 2020 by the Gilet family and is supported by several venture capital investors. Our team, a diversified group of top technology professionals, entrepreneurs and innovators, is turning its knowledge, experience, global network, and professional assets to build a number of useful digital tools needed to modernize the hide & leather trade worldwide. The company develops numerous cloud-based software applications aimed specifically at the hide & leather industry, including automated virtual auctions, sourcing & procurement software, and other CRM/ERP functions enabling professionals and specialists to participate and benefit from an optimized and integrated global digital ecosystem for the hide, skins, leather & by-products industry. Our cloud-based software applications are accessible from any desktop or mobile device. HIDEXE software-as-a-service (SaaS) Suite allows hide & leather suppliers to cost-efficiently launch proprietary global and/or private e-auctions, while simultaneously providing market off-takers with powerful sourcing & procurement tools not only to quickly acquire commodity products, but also to do so with confidence and in a very transparent manner. Our on-demand SaaS service is available 24/7. It provides its licensed users with a global reach and allows users to accelerate and streamline complex, paper-heavy and repetitive procurement and logistics-related processes without any need for specialized training or equipment.

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