Proof of Usefulness Report

State Street

Analysis completed on 1/25/2026

+462
Proof of Usefulness Score
Industry Mainstay

State Street is a global financial powerhouse with over $5 trillion in assets under management, ensuring exceptional scores for Audience Reach and Evidence of Traction. The project solves a critical real-world problem in global investment management. However, the submission quality is poor, with vague field entries (e.g., 'most people have used my product') and a lack of technical detail ('Financial Services' as the only tech). This lack of effort and technical insight significantly penalizes the Innovation and Response Quality metrics, keeping the score at the lower end of the 'Large Scale' calibration range.

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 Utility112.5 (Weighted)
Audience Reach Impact150.0 (Weighted)
Technical Innovation26.3 (Weighted)
Evidence Of Traction187.5 (Weighted)
Market Timing Relevance40.0 (Weighted)
Functional Completeness2.5 (Weighted)
Subtotal+518.8
Usefulness Multiplierx0.89
Final Score+462

Project Details

Project URL
statestreet.com
Description
About State Street Investment Management At State Street Investment Management, we have been delivering better outcomes to institutions, financial intermediaries, and investors for nearly half a century. Starting with our early innovations in indexing and ETFs, our rigorous approach continues to be driven by market-tested expertise and a relentless commitment to those we serve. With over $5 trillion in assets managed*, clients in over 60 countries, and a global network of strategic partners, we use our scale to create a comprehensive and cost-effective suite of investment solutions that help investors get wherever they want to go. Website www.statestreet.com/im *This figure is presented as of June 30, 2025 and includes ETF AUM of $1,689.8 billion USD of which approximately $116.3 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated. Please note all AUM is unaudited.

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