Proof of Usefulness Report

ShareID

Analysis completed on 2/3/2026

+316
Proof of Usefulness Score
Certified Problem Solver

ShareID is a legitimate French Identity Verification (IDV) startup founded in 2020, having raised ~€2M in Seed funding (2023) with clients like Crédit Agricole and the Gendarmerie Nationale. Despite the submission containing low-quality, hyperbolic claims (e.g., 'most people have used my product') and bot-like artifacts, external verification confirms the existence of a viable B2B product ('MFA 3.0') utilizing AI liveness detection. The project demonstrates real-world utility and market timing in the anti-fraud sector, but the score is penalized by the lack of direct user metrics in the submission and the early 'Seed' stage of traction compared to established benchmarks.

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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+385
Usefulness Multiplierx0.82
Final Score+316

Project Details

Description
ShareID is the next generation of multi-factor authentication software that detects the authenticity of government-issued IDs in the digital world, guarantees the liveness of the person behind the screen, and validates all the personal data shared with a simple smile. We are compliant with the international laws of data privacy and protection as we never store users' data or biometrics. We aim to provide businesses & individuals with a unique and authenticated digital identity.

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