Proof of Usefulness Report

Hive Digital

Analysis completed on 2/10/2026

-4
Proof of Usefulness Score
Lab Mode

The project appears to be a defunct Melbourne-based ridesharing startup from 2012 ('Hive Ridesharing') with no currently active service or verifiable user base. The submission contains significant red flags, including a demonstrably false traction claim ('most people have used my product') and questionable data inputs (e.g., 'all time marketcap: 2500000' and a numeric email address). The URL 'hiverides.com' is inactive, and the 'Hive Digital' name likely conflates the dead startup with the unrelated crypto mining company. The project lacks real-world utility, innovation, or credible evidence of existence in the current market.

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Score Breakdown

Real World Utility+1.25
Audience Reach Impact+0.0
Technical Innovation+0.0
Evidence Of Traction-5.0
Market Timing Relevance+0.0
Functional Completeness+0.0
Subtotal-3.75
Usefulness Multiplierx1.05
Final Score-4

Project Details

Project URL
Description
Hive is an enterprise ridesharing service dedicated to making commuting awesome, and reducing the cost, paperwork and environmental impact of transportation. We make everyday commuting fun, social and sustainable by connecting people via existing networks of trust. Hive was founded in late 2012, and is based in Melbourne, Australia.

Algorithm Insights

Market Position
Early stage requiring focused development
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