Proof of Usefulness Report

PayStand

Analysis completed on 1/27/2026

+483
Proof of Usefulness Score
Industry Mainstay

PayStand is a verified B2B fintech unicorn (>$1B valuation) with over 1 million business users. The project leverages blockchain to eliminate transaction fees, offering immense real-world utility. However, the submission itself was of very low quality (claims of 'everyone' and 'most people'), which drastically reduced the Quality Factors. Despite the poor submission, the verified independent traction data sustains a high score fitting the 'Large Scale' calibration bracket.

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+142.5
Audience Reach Impact+64.8
Technical Innovation+76.5
Evidence Of Traction+105.0
Market Timing Relevance+57.0
Functional Completeness+1.5
Subtotal+447.3
Usefulness Multiplierx1.08
Final Score+483

Project Details

Project URL
paystand.com
Description
PayStand's mission is to use modern Internet, Blockchain, and SaaS technologies to transform B2B payments. PayStand's revolutionary \"Payments as a Service\" model creates a smart billing \u0026 payment network that can digitize receivables, automate processing, reduce time-to-cash, lower transaction costs, and enable new revenue. Enterprises from manufacturers and distributors, to software platforms and service providers use PayStand's flexible platform to integrate digital payments into their websites, invoices, ERP billing systems, and mobile applications. PayStand is venture backed and has been consistently recognized as one of the top innovators in enterprise financial services. For more information, visit https://paystand.com.

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