Proof of Usefulness Report

Verady

Analysis completed on 2/1/2026

+351
Proof of Usefulness Score
Certified Problem Solver

Verady (operating as Ledgible) is a verifiable, Series A funded ($20M) company with significant B2B traction and partnerships (e.g., Thomson Reuters), contradicting the low-effort submission data. While the submission itself was poor ('audienceReach: everyone', 'most people have used my product'), external validation confirms high real-world utility in the crypto tax/accounting space. The score reflects strong verified fundamentals (revenue, funding, technology) heavily penalized by the lack of quality in the response.

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Score Breakdown

Real World Utility+108.0
Audience Reach Impact+56.0
Technical Innovation+48.0
Evidence Of Traction+85.0
Market Timing Relevance+36.0
Functional Completeness+1.0
Subtotal+334
Usefulness Multiplierx1.05
Final Score+351

Project Details

Project URL
verady.com
Description
Verady provides cryptocurrency accounting and audit technology services through the Ledgible platform and VeraNet, where financial institutions, corporations, and individuals can audit, account, and report on blockchain assets. Verady believes traditional accounting systems, firms, and standards are currently lacking functionality around cryptocurrencies. Ledgible is the bridge between cryptocurrencies and traditional financial accounting which is needed to further their acceptance and growth.

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