Dropbox SignTrackr

Empower contract signing analysis with AI-driven insights, harnessing the power of eye tracking and behavioral analysis for unparalleled comprehension and decision-making.

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Introduction

Did you know that over 91% of people admit to consenting to legal terms without reading them ? This is a common challenge that we encounter in our daily lives. The consequences of not fully understanding documents can be severe. It can lead to legal, financial, and practical issues. But this is a problem we're committed to solving. The problem lies in the absence of effective tools and methodologies for contractors to gain insights into signer behavior, hindering their ability to assess comprehension and prevent disputes..

Problem Statement

  • Informed Consent Challenge : Users routinely accept terms without true comprehension, leading to risks and trust issues.
  • Trust Erosion : Blind acceptance erodes trust, underscoring the need for comprehension tools.
  • Legal Dispute Trigger : Lack of mechanisms to verify user document understanding fuels legal disputes.
  • Contract Dispute Pitfalls : Inability to verify signer understanding contributes to contract disputes, increasing business liabilities.
  • Compliance Risk : Inadequate signer behavior analysis exposes organizations to legal and financial compliance risks.
  • Complex Agreements and Inadequate Summarization : Some solutions attempt to simplify documents through text summarization. However, this approach can be flawed, potentially missing critical elements within the agreement and compromising comprehension and accuracy.

Solution

Introducing Dropbox SignTrackr - Empower contract signing analysis with AI-driven insights, harnessing the power of eye tracking and behavioral analysis for unparalleled comprehension and decision-making.

How It Work

  • User Consent : First user need to agree to eye-tracking consent and allow camera permissions.
  • Eye Tracking and User Behavior Analysis : System will keep track of user eye moment and how long they spent on the each contract page while they signing the agreement
  • Data Storage : All tracking data is securely stored for insightful analytics.
  • Contractor Insights : Contractors gain valuable signer behavior insights, ensuring agreement comprehension and dispute prevention.

Impact

In brief,Dropbox SignTrackr benefits contractors by providing behavioral insights into document signers. It helps prevent disputes by improving document comprehension, identifying issues early, and enabling data-driven decision-making.

What's next for Dropbox SignTrackr

  • Refine Eye Tracking Accuracy : Enhance the eye tracking algorithm to ensure precision and reliability in capturing user gaze behavior.
  • Advanced Analytic Reports : Elevate the quality of analytic report generation, providing richer insights into user interactions and comprehension.
  • Seamless Dropbox Sign Integration : What I imagine the final product to be is to seamlessly integrate the Dropbox Sign dashboard, prioritizing a user-friendly experience for effortless contract analysis.

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