Proof of Usefulness Report

Versasec

Analysis completed on 2/1/2026

+448
Proof of Usefulness Score
Certified Problem Solver

Versasec is a well-established global identity and access management (IAM) provider with high real-world utility and a strong roster of enterprise clients (HSBC, IMF, eBay). However, the project submission itself was of very low quality, containing inaccurate claims (e.g., 'everyone' as audience, 'most people have used my product' for traction) and missing financial data. While the company's actual market position justifies a high score comparable to or exceeding established media brands, the score is heavily penalized by the poor quality of evidence provided in the specific submission fields.

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Score Breakdown

Real World Utility+212.5
Audience Reach Impact+50
Technical Innovation+112.5
Evidence Of Traction+100
Market Timing Relevance+80
Functional Completeness+5
Subtotal+560
Usefulness Multiplierx0.8
Final Score+448

Project Details

Project URL
Description
Versasec is the leading provider of state-of-the-art highly secure passwordless identity and access management solutions. With its flagship product, vSEC:CMS, Versasec eases the deployment of physical and virtual smart cards for enterprises of any size. Versasec's solutions enable its customers to securely authenticate, issue and manage user credentials more cost effectively than other solutions on the market.\n\nVersasec maintains its mission of providing solutions that are affordable and easy to integrate, coupled with first-class support, maintenance, and training. Versasec customers include HSBC, IMF, eBay, Northrup Grumman, EDAG, Hornbach, Raiffeisen Bank, SPGroup, Sunrise Regional Health, Banque Du Liban, Swiss Mobiliar, Cleveland Clinic, SERCO, KNPC and Sandia National Labs. Versasec has offices in Sweden, Dubai, Kuala Lumpur, Egypt, the United States, the United Kingdom, France, and Germany.\n\nVersasec's products and services can be purchased and delivered worldwide through an extensive reseller network and via the Versasec web site: https://versasec.com

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