Proof of Usefulness Report

TransferChain

Analysis completed on 2/4/2026

+45
Proof of Usefulness Score
You're In Business

TransferChain is a legitimate, Switzerland-based privacy company with verifiable seed funding (~$1.2M) and a functional product suite (TransferChain Pass, Cloud). However, the submission itself is of extremely poor quality, containing demonstrable falsehoods (claiming 'most people have used my product' and 'everyone' as the audience). While the technology (blockchain-based encryption) and utility are sound, the score is heavily penalized by the lack of verifiable traction data in the submission and the niche nature of the actual user base compared to the exaggerated claims.

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Score Breakdown

Real World Utility+18.75
Audience Reach Impact+2.50
Technical Innovation+11.25
Evidence Of Traction+3.75
Market Timing Relevance+6.50
Functional Completeness+0.25
Subtotal+43
Usefulness Multiplierx1.05
Final Score+45

Project Details

Project URL
https://transferchain.io/
Description
TransferChain is a technology company that focuses on providing secure and efficient data transfer solutions. Operating through its platform, TransferChain offers services that prioritize privacy and security, enabling users to share and store data with end-to-end encryption. The company aims to revolutionize the way data is handled by ensuring that users have full control over their information, minimizing risks associated with data breaches and unauthorized access. With a commitment to innovation, TransferChain is dedicated to enhancing data transfer processes for both individuals and businesses, ensuring seamless and protected communication in the digital age.

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