Running head: PROJECT PROPOSAL 1 Project Proposal Samit Hassan Lynn University PROJECT PROPOSAL 2 Abstract Proposal Sheath App is a software with its application been on the android, web, and IOS platforms. The product users are individuals with a smartphone supporting mobile App. Sheath App is an internet escrow service product for the small business transaction which amount to less than $1000. The product will be available in the google play store and App Store in the android and IOS platforms, respectively. The product will be available to small businesses, and small consumers intend to complete a transaction online before the product can be delivered to the consumer. An escrow service refers to a financial arrangement in which a third party holds money on behalf of a customer and releases the funds to the seller upon customer approval (Kanaga, 2002). Both individual sellers and buyers will be invited to download the mobile app and register to provide payment details. The mobile app will support other services, such as linking buyers to sellers by advertising products on behalf of the seller. The product user will be required to pay a service charge fee of 0.5% of the transaction value once the transaction is complete. Ideally, it’s the buyer of a product will incur the cost of the transaction. Seller will also pay a service fee for advertising functions. Project proposal The product which I am planning to introduce and invent is Sheath App. There are several reasons for the invention and introduction of the Sheath App. First, there is an increased use of smartphones in the last decade. Mobile computing allows for the engagement of buyers and sellers at all times. The second reason is that social media and the internet have increased the ability of an individual to buy products online. Many small scale retailers advertise products on PROJECT PROPOSAL 3 social media and invite the individual to complete transactions through their web. This has created an increased risk of electronic fraud (Hess, & Cottrell Jr, 2016). Sheath App is, therefore, an appropriate product to address trust issues among small scale buyers and products. The project involves software development and marketing the product to the smartphone and tablet users. The skills needed include computer programming skills for the development of a mobile app to operate within the android and IOS platforms. This includes user interface design skills to compete effectively with other similar products. There is a need for financial and technical resources for the successful completion of the projects.
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