Proof of Usefulness Report
Ridgelift Labs
Analysis completed on 3/18/2026
+29.66
Proof of Usefulness Score
You're In Business
Ridgelift Labs addresses a practical use case with blockchain-verified credentials, but the submission is severely weakened by unsubstantiated claims. Statements like 'most people have used my product' and targeting 'everyone' contrast sharply with a lack of verifiable active users and revenue, indicating minimal real-world traction.
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Score Breakdown
Real World Utility+15.00
Audience Reach Impact+1.00
Technical Innovation+7.50
Evidence Of Traction+1.25
Market Timing Relevance+3.00
Functional Completeness+0.50
Subtotal+28.25
Usefulness Multiplierx1.05
Final Score+30
Project Details
Project URL
Description
Ridgelift Labs is developing "Touchstone" - a platform on which to build your circle of trust. It enables a user to securely build a network of authenticated and validated connections. The platform is built on blockchain technology that enables tamper-proof profile storage.
These anecdotally validated career chains will eliminate the need for background verification process in hiring. It will eliminate vulnerability of subjective, biased feedback about professionals, during background verification process. For example, a Java developer, having worked on a major project, can get his experience validated from customer or seniors or peers. The same will get added to his tamper-proof career chain. On the other side, Touchstone will help organizations to build genuine human capital.
It will also facilitate enterprises to build their corporate chains, with validated credentials. These credentials can be statutory compliance or past performance of execution and delivery of goods and/ or services. These corporate chains assist enterprises to build genuine vendor base.
Ridgelift is building Touchstone on the foundation of Hyperledger Fabric Framework, which will offer immutability and security to records by its blockchain technology and inherent cryptography.
A passionate team of tech-gigs articulating the creative idea through mean coding, to build Touchstone. Our team consists of blockchain developers, supported by middleware, UI and graphics.
To build this platform we are using open source blockchain technology - Hyperledger Fabric. For front end we are using Angular Framework. For middleware we are using Spring Java network. All these technologies will be supported by machine learning and artificial intelligence. We are using github to collaborate for the project.
At a future date, consumers of Touchstone will be able to monetize their activities on the platform, through crypto tokens, emanating from the platform.
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