Proof of Usefulness Report

IoT Studio Ltd.

Analysis completed on 2/20/2026

+28
Proof of Usefulness Score
You're In Business

The submission presents significant contradictions and red flags. While 'IoT Studio Ltd' is a registered UK entity (est. 2017), the claimed team size (30) is incompatible with the stated financial metric ('marketcap: 50000', likely meaning £50k revenue or a misunderstood metric). The claim that 'most people have used my product' is verifiably false for a niche B2B industrial consultancy. The name 'DeepStone' appears unrelated to the UK entity and is associated with spam/bot activity in search results. The project demonstrates minimal verifiable traction and the submission quality is critically low.

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+30
Audience Reach Impact+10
Technical Innovation+20
Evidence Of Traction+10
Market Timing Relevance+40
Functional Completeness+10
Subtotal+9.75
Usefulness Multiplierx1.05
Final Score+10

Project Details

Project URL
iotstudio.co.uk
Description
IoT Studio targets to help machinery manufacturers, manufacturing plants or systems integrators, to embrace the principles of the 4th Industrial Revolution. Regardless of the characteristics of your sector, as a manufacturer, integrator or service provider, you will likely encounter certain engineering requirements for sorting out a specific problem, a customized electronics or software solution or build an entire automation system architecture. Under certain circumstances, considering costs and difficulties in employing skilled professionals for specific tasks, it can be the wisest, quickest and most cost-effective way to have some tasks outsourced to professionals. Instead of wasting time looking for a fitting solution to your specific automation solution needs, take the advantage of our team’s experiences to save time and money.

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