Proof of Usefulness Report

LOCOMeX

Analysis completed on 1/25/2026

+42
Proof of Usefulness Score
You're In Business

LOCOMeX is a legitimate company founded in 2016 providing AI-driven ESG and supply chain solutions. However, the project submission contains severe inaccuracies, specifically the claim that 'most people have used my product' and an audience of 'everyone,' which are objectively false for a niche B2B platform. External data indicates the company is unfunded and ranks low among competitors (61st of 95), suggesting minimal market traction despite its 9-year history. The product has potential utility, but the submission's lack of credibility and poor quality heavily penalize the final score.

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Score Breakdown

Real World Utility+20.0
Audience Reach Impact+2.0
Technical Innovation+7.5
Evidence Of Traction+1.25
Market Timing Relevance+8.0
Functional Completeness+0.25
Subtotal+39
Usefulness Multiplierx1.08
Final Score+42

Project Details

Project URL
Description
LOCOMeX is a unique AI powered collaborative project economy \u0026 supply chain procurement platform for optimizing environmental, social \u0026 governance (ESG) strategies. \n\nLOCOMEX Inc is a provider of project economy \u0026 supply chain (PES) technology solutions. It offers a comprehensive cloud-based PES platform that connect enterprises/organizations with suppliers globally. LOCOMeX platform provides visibility \u0026 transparency into and control over how companies spend ESG, supplier diversity \u0026 supply chain procurement programs budget. \n\nOur platform offers comprehensive suite of products, capabilities \u0026 features such as B2B2G Marketplace Connector, Small Business Portal, DivedIn, Invoices Tracker, Assetim, Integration Gateways, etc. that would typically require the purchase and use of multiple disparate enterprise applications and datasets. The core of the platform consists of strategic local content sourcing, supplier diversity planning, invoice to payment (I2P) tracking, and compliance analytics modules that form the transactional AI powered engine for managing a company’s supply chain procurement \u0026 supplier diversity spend.\n\no DivedIn - a cloud-based collaborative diversity resource planning \u0026 strategic local content sourcing tool that de-risk the pre-qualification process and automate goals setting for supplier diversity \u0026 localization programs. \no Invoice Tracker - cloud-based and AI powered invoice to pay automated tracking tool with diverse spend predictive intelligence and compliance analytics capabilities.

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