Proof of Usefulness Report

Nexatrak

Analysis completed on 2/19/2026

+42
Proof of Usefulness Score
You're In Business

Nexatrak appears to be a legitimate UK-based B2B consultancy (incorporated as Nexatrak Ltd in 2023, possibly linked to earlier ventures) specializing in RFID and IoT. However, the submission contains significant inaccuracies and hyperbole that severely undermine its credibility. Claims such as 'audience reach: everyone' and 'most people have used my product' are demonstrably false for a niche industrial service. The financial metric ('marketcap: 2500000') is ambiguous and misused. While the underlying business has real-world utility in supply chain management, the lack of verifiable traction evidence and the poor quality of the submission result in a low score, positioning it as an early-stage or small-scale SME rather than a high-impact technology project.

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Score Breakdown

Real World Utility+18.75
Audience Reach Impact+2.0
Technical Innovation+6.0
Evidence Of Traction+6.25
Market Timing Relevance+5.0
Functional Completeness+0.5
Subtotal+38.5
Usefulness Multiplierx1.09
Final Score+42

Project Details

Project URL
nexatrak.co.uk
Description
Nexatrak is a specialist technology company providing Radio Frequency Identification (RFID) and IoT and solutions and consultancy services. We can assist organisations at every stage of the process; from initial feasibility and PoC studies, through to full system implementations and after-sales support. Our clients count on our innovative and practical solutions that improve their efficiency and performance. Nexatrak works closely with companies to ensure that their supply chains are geared to fully support their mission and business plans, as well as future growth. Our dedicated team of consultants and RF engineers comprise over 30 years of expert RFID knowledge, ranging from low frequency RFID to UHF Gen-2 and contactless near-field communication (NFC) systems. To ensure rapid implementation and reduced costs, we design integrated solutions from existing ‘off-the-shelf’ hardware and software products. For unique and/or special customer requirements we can offer bespoke designs based on modified low-cost solutions.

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