Proof of Usefulness Report

Skuchain

Analysis completed on 1/30/2026

+53
Proof of Usefulness Score
You're In Business

Skuchain is a legitimate, established (2014) B2B supply chain company with valid technology (EC3, Popcodes) and verifiable high-profile partnerships (Mitsubishi, NTT DATA, National Bank of Canada). However, the project submission itself contains critical inaccuracies and false claims (e.g., audience reach stated as 'everyone' and traction as 'most people have used my product'). These statements are objectively false for a niche enterprise solution and severely impacted the Quality Factors for Reach and Traction. While the underlying technology and utility are sound, the company appears to be in a low-growth phase (estimated revenue <$1M despite $12M+ funding), and the submission quality was exceptionally poor.

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+20.00
Audience Reach Impact+3.00
Technical Innovation+11.25
Evidence Of Traction+6.25
Market Timing Relevance+6.00
Functional Completeness+0.50
Subtotal+47
Usefulness Multiplierx1.12
Final Score+53

Project Details

Project URL
skuchain.com
Description
Our EC3 (Empowered Collaborative Commerce Cloud) Platform bridges cutting-edge blockchain technology with current enterprise IT realities for seamless adoption of our solutions across a supply chain. Our platform includes Skuchain's Popcodes® app for tracking and tracing goods that provides greater visibility and, more importantly, greater control over the supply chain. Skuchain's Brackets® smart contracts app enables the continuous flow of transactions and data and, ultimately, fine-grained automation with precise control.\n\nThese foundational technologies enable companies to turn their inventory from an illiquid asset and balance sheet burden into a blockchain asset that generates cash flow relief and reduced COGS.\n\nUnderpinning all of this is Skuchain's Zero Knowledge Collaboration® technology, which solves the information gap in the supply chain without sacrificing privacy so that companies can plan with unprecedented precision and turn firewalled information into capital.

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