Proof of Usefulness Report

IPassport Ltd.

Analysis completed on 2/5/2026

+26
Proof of Usefulness Score
You're In Business

The submission presents a disjointed profile, combining the description of a legitimate UK-based company (IPassport Ltd) with an unrelated project name ('ThunderRider', likely a gaming handle) and demonstrably false traction claims. While IPassport Ltd exists as a niche digital identity provider, the claim that 'most people have used my product' is factually impossible for an unfunded B2B entity ranked 39th in its sector. The revenue data is mislabeled ('marketcap' vs revenue) and numerically inconsistent. The project scores very low due to these critical data integrity issues and lack of verifiable traction.

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Score Breakdown

Real World Utility+60
Audience Reach Impact+10
Technical Innovation+50
Evidence Of Traction+10
Market Timing Relevance+60
Functional Completeness+10
Subtotal+23.5
Usefulness Multiplierx1.11
Final Score+26

Project Details

Project URL
ipassport.global
Description
A leading digital identity solution provider, offering comprehensive solutions that retrieve, manage, process, and match biometric data and images for identity verification and biometric identification. We work with customers to identify their specific requirements to ensure that the solutions we provide maximise the benefits of implementing digital identity. Our solutions are designed to facilitate rapid implementation whilst minimising the risk and cost typically associated with the application of new and emerging technologies. Launched in 2018, iPassport has developed a suite of software and services that provide identification, identity verification, and self-sovereign identity capabilities. Our software and services are used by systems integrators across a diverse range of sectors for a variety of different use cases, from verifying an operatives' eligibility to enter a construction site to identifying a passenger when boarding an aircraft.

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