Proof of Usefulness Report

Smarter Contracts

Analysis completed on 2/16/2026

+418
Proof of Usefulness Score
Certified Problem Solver

Smarter Contracts is a verifiable UK-based FinTech with a patent-pending platform (Pulse) and significant valuation (~£32M reported externally). However, the project submission itself is of extremely poor quality, containing false claims ('audience: everyone', 'most people have used my product') and exaggerated team size (125 claimed vs ~20 verified). While the underlying business has high potential, strong market timing, and verified partnerships (AWS, Elder Research), the score is heavily penalized by the lack of credible evidence provided in the submission and the hyperbolic statements.

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Score Breakdown

Real World Utility+187.5
Audience Reach Impact+20.0
Technical Innovation+105.0
Evidence Of Traction+75.0
Market Timing Relevance+85.0
Functional Completeness+2.5
Subtotal+475
Usefulness Multiplierx0.88
Final Score+418

Project Details

Description
Smarter Contracts is a FinTech that has designed, built and developed its own patent pending platform - Pulse. Pulse provides individuals with greater control over their data and rights and businesses with transparency over how they service the data they under their custodianship.

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