Proof of Usefulness Report

Portabl

Analysis completed on 1/28/2026

+419
Proof of Usefulness Score
Certified Problem Solver

Portabl is a legitimate decentralized identity platform (founded 2020) that was acquired by Prove in January 2025, validating its technology and utility. The project raised $2.5M in seed funding and built W3C-compliant financial identity tools. However, the specific submission provided contains false and unprofessional claims (e.g., 'most people have used my product'), which significantly lowered the Quality Factors and Audience Reach scores despite the project's actual real-world success.

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Score Breakdown

Real World Utility+18.75
Audience Reach Impact+1.00
Technical Innovation+9.75
Evidence Of Traction+8.75
Market Timing Relevance+8.00
Functional Completeness+0.25
Subtotal+46.5
Usefulness Multiplierx0.90
Final Score+419

Project Details

Project URL
getportabl.com
Description
We got started based on the belief that people should verify, organize, and maintain their own financial identity and connect it to any service provider they wish, whether that's in web2 or web3. In short, take your verified identity with you when and where you need it. Self-owned data is a must-do for the next generation of open banking and finance . \n\nThat's why we're building sign up, sign in, and identity management tools that focus on user-owned and user-permissioned data, implemented through our take on W3C standards. \n\nReshaping identity lets us simplify and automate many parts of the identity stack that currently prevent the financial system from being more cost-effective, inclusive, privacy-preserving and equitable. By leaning on new standards in decentralized identity, we will deliver a portable financial identity that works for everyone.\n\nWe’re a small team of builders and tinkerers comprised of Web2 and Web3 veterans hailing from Consensys, Paypal, US Mobile, Ava Labs, and other corners of the fintech and regtech universe. Come join us!\n

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