Proof of Usefulness Report

SIGNiX

Analysis completed on 1/30/2026

+464
Proof of Usefulness Score
Industry Mainstay

SIGNiX is a legitimate, established player in the digital signature market (founded 2002) with verified revenue estimated at $4.7M and ~50 employees. While the submission itself was low-quality (containing hyperbolic claims like 'most people have used my product' and missing data), external verification confirms a stable B2B business with valid technology (US Patent #7,237,114). The project scores well on utility and verifiable traction but loses significant points for low market share (<1% vs DocuSign) and a poor quality submission.

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Score Breakdown

Real World Utility+22.0
Audience Reach Impact+4.0
Technical Innovation+10.5
Evidence Of Traction+7.5
Market Timing Relevance+5.0
Functional Completeness+0.25
Subtotal+492.5
Usefulness Multiplierx0.94
Final Score+464

Project Details

Project URL
signix.com
Description
SIGNiX offers a patented (U.S. Patent # 7,237,114) digital signature solution that supports automated, paperless processes and is fully compliant with the ESIGN Act. By enabling users to immediately sign legal documents digitally, SIGNiX helps increase the speed, accuracy and security of approvals and acceptance signatures over traditional, paper and ink-based signatures. “Unknown prospects” can be converted to “known customers” in a single web or call center session so that documents requiring a signature can be legally executed without the costs or delays of paper processing. As a hosted solution for identity authentication, digital signature and workflow, SIGNiX requires no hardware installation or software download.

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