Proof of Usefulness Report

Provena Group

Analysis completed on 2/11/2026

+4
Proof of Usefulness Score
You're In Business

The submission contains significant discrepancies and unverifiable claims. Despite claiming a 2017 launch and a team of 30, the domain 'provenagroup.io' shows no search index presence or activity. The claim that 'most people have used my product' is demonstrably false for a niche consultancy. The stated 'marketcap' of 50,000 contradicts the operational costs of a 30-person team. The project appears to lack real-world existence or is a low-effort submission.

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Score Breakdown

Real World Utility+2.50
Audience Reach Impact+0.10
Technical Innovation+0.38
Evidence Of Traction+0.13
Market Timing Relevance+1.00
Functional Completeness+0.25
Subtotal+4.36
Usefulness Multiplierx0.92
Final Score+4

Project Details

Project URL
Description
Blockchain & IoT Consultancy Firm Since inception, Provena Group has been totally focused on building Digital Future Through Blockchain & IoT Technology.

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