Proof of Usefulness Report

SHOPIFY INC

Analysis completed on 1/29/2026

+760
Proof of Usefulness Score
Unicorn Utility

The project represents Shopify Inc., a massive, publicly traded e-commerce platform with undeniable real-world utility and global traction ($100B+ market cap). While the submission itself was low-effort (brief descriptions, generic claims), the underlying entity is a verifiable industry leader. The score reflects the immense scale, reach, and utility of the platform, adjusted downward slightly due to the poor quality of the submission form data.

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+228
Audience Reach Impact+192
Technical Innovation+102
Evidence Of Traction+300
Market Timing Relevance+68
Functional Completeness+4
Subtotal+894
Usefulness Multiplierx0.85
Final Score+760

Project Details

Project URL
shopify.com
Description
Shopify Inc. is a leading e-commerce platform headquartered in Ottawa, Canada, that provides businesses of all sizes with the tools to create and manage their own online stores. Founded in 2006, Shopify offers a comprehensive suite of services including storefront design, payment processing, shipping, and customer engagement tools. The platform is known for its user-friendly interface and scalability, making it a popular choice for entrepreneurs and established brands alike. Shopify supports a wide range of businesses, from small startups to large enterprises, enabling them to sell products across multiple channels, including web, mobile, social media, and physical retail locations. With a focus on empowering merchants, Shopify continues to innovate and expand its offerings to meet the evolving needs of the e-commerce industry.

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