Contract Cloud-Midway Presentation

Midway Presentation

I did the midway presentation for Contract Cloud last Friday with Noah Kim, David Zou, and Harrison Zilli. Noah did a great work and finalizing the presentation slides, and David and Harrison worked hard on interviewing people with in and out of the campus. I believe the Business Model Canvas is very strong and the customer analysis I did facilitated the analysis of answering overall theme and business questions. While doing the interview analysis and observational study, I thought of an idea regarding notaries. Currently as I am going through a myriad of college applications, I signed many contracts with Common Application and each college about admission plans. Cornell University reported that approximately 80 percent of binding-Early Decision admissions students break the contract to go to the school when they are admitted. This means that, even when the students signed the contract to attend the school as an Early Decision (admitted student must go as they get advantage on being admitted), about 20 percent do not attend that school, breaking the contracts. There were countless conflicts between college institution and students regarding contract; however, this is still an unsolved problem when it comes to a financial issue. Students who cannot afford the tuition simply break the contract and do not go to school although they significantly affect the other pool of applicants. I think the Contract Cloud service is a great match for Common Application to use for all the students, since every application is submitted through online and there mustn’t be any complaints about signing this serious contract. As my group continued to gather more observational study data, we saw some problems and advantages of the Contract Cloud service in our modern, contemporary society. I believe online college application might be one of the most applicable, efficient ways to expand the scope of this potential business. The final presentation is coming up next month, and I am looking forward to discovering more and more data and good answers to the problem of this business.