Proof of Usefulness Report

NSim Technologies

Analysis completed on 2/20/2026

+381
Proof of Usefulness Score
Certified Problem Solver

NSim Technologies is a verified, established Canadian software company (founded 2004) delivering B2G smart city and public works solutions (Rasters.io) to over 100 cities. While the real-world utility and longevity are strong, the submission suffers from significant hyperbole (claiming 'everyone' as the audience and 'most people' as users) and inaccurate data (team size of 125 vs verified ~15). The 'marketcap' figure is ambiguous, likely referring to revenue or a misunderstood valuation. The score reflects a solid underlying business penalized for a low-quality, exaggerated submission.

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Score Breakdown

Real World Utility2.5)
Audience Reach Impact2.0)
Technical Innovation1.5)
Evidence Of Traction2.5)
Market Timing Relevance1.0)
Functional Completeness0.5)
Subtotal+410
Usefulness Multiplierx0.93
Final Score+381

Project Details

Project URL
Description
NSim Technologies develop and commercialize software related to maps, IoT and artificial intelligence fields.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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