Proof of Usefulness Report

Iot Plc.

Analysis completed on 2/19/2026

+9
Proof of Usefulness Score
You're In Business

The submission describes 'IOT Plc' (formerly Eurocopy Group), a legacy UK-based photocopier supplier that appears to be inactive or dissolved. The project name 'GoldenRider' contradicts the corporate description, and the submission contains significant red flags, including unverifiable hyperbolic claims ('most people have used my product', 'audience: everyone') and improperly formatted financial data ('all time marketcap' in the revenue field). There is no evidence of current active utility, innovation, or traction. The submission likely relies on outdated 'About Us' text from a defunct entity.

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+5.00
Audience Reach Impact+0.50
Technical Innovation+0.38
Evidence Of Traction+0.63
Market Timing Relevance+0.25
Functional Completeness+0.13
Subtotal+6.89
Usefulness Multiplierx1.15
Final Score+8

Project Details

Project URL
Description
IOT Plc, which was previously known as the Eurocopy Group, has provided print and copy systems for more than 40 years, building an enviable reputation for customer service. Our new name reflects our move into offering technology solutions in the document reproduction marketplace, and we can help you develop your print and document management strategy; supplying technologically advanced print and copy solutions, that we will integrate on your network, and support with first-class service. By providing excellent pre-sales advice and supplying innovative, state-of-the-art solutions, which we support with outstanding service, we deliver very high-levels of customer satisfaction. We have thousands of customers who have been with us for many years and are happy to turn to us time and time again for new products, solutions and services; our relationship a testament to the quality of the customer service we provide. Where multi functional printers are concerned there is a clear market leader; one that supplies a broad and comprehensive range of technologically advanced products – Ricoh. IOT Plc has been a premier partner of Ricoh for more than 25 years and has built up a unique business relationship. Our class-leading service supports and complements Ricoh’s innovative and advanced products, bringing efficiency, control and cost savings to our clients.

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