Proof of Usefulness Report

Wave Systems

Analysis completed on 2/1/2026

+346
Proof of Usefulness Score
Certified Problem Solver

Wave Systems (wavesys.com) is a verifiable, established cybersecurity entity known for hardware-based security (TPM management). However, the company was acquired by ESW Capital in 2016 and appears to operate in maintenance mode as a subsidiary. The submission quality is extremely low, citing 'GoldenWalker' as the name and providing vague, hyperbolic claims ('most people have used my product') without current metrics. The score reflects the high historical utility and installed base of the technology, heavily penalized by the lack of recent innovation, the 'zombie' corporate status, and the poor quality of the evidence provided.

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 Utility+187.5
Audience Reach Impact+40.0
Technical Innovation+75.0
Evidence Of Traction+50.0
Market Timing Relevance+50.0
Functional Completeness+5.0
Subtotal+407.5
Usefulness Multiplierx0.85
Final Score+346

Project Details

Project URL
wavesys.com
Description
Wave Systems, accessible through their domain wavesys.com, is a company that specializes in providing advanced security solutions and technologies. They focus on developing and delivering software and hardware products designed to enhance data protection and secure digital identities. Their offerings often include encryption, authentication, and secure access management tools aimed at safeguarding sensitive information for businesses and individuals. Wave Systems is known for its commitment to innovation in the cybersecurity space, helping clients mitigate risks and ensure compliance with industry standards.

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