Dropbox, in collaboration with Hackpad (acquired by Dropbox in 2014) was spotted testing an online note taking service which they called the Project Composer. Then, a few months back, Dropbox quietly unveiled the Dropbox Notes which today has been officially dubbed as Dropbox Paper. Dropbox Paper is an online collaborative note sharing service like Google Docs wherein you can make notes, edit them and upload them onto your Dropbox account. Apart from the usual features like bold, italics, underline, strike through etc. in the area of text formatting that's as basic as it gets. According to Dropbox , the purpose of the Paper is not formatting but sharing ideas. It has been made such that you can share almost anything you want with anyone or even multiple persons at the same time. In the words of product manager Matteus Pan, "Work today is really fragmented, It happens across multiple content types -- be it images, code, tables, even tasks. And that clutter extends to the tools being used." "I might be working on PowerPoint," he added. "Someone else may be writing code, another in Google Docs -- teams have really wanted a single surface to bring all of those ideas into a single place." You can add to-do lists, assign specific tasks to specific people. Any file you store in your Dropbox can be quickly added to the paper along with your paper document, be it word , excel, PowerPoint you name it. Whats really the icing on the cake is , if you are a programmer then you can start writing the code in the paper, The paper recognizes it and would format it accordingly. Cool, eh? Apart from all these features Dropbox paper provides support to the Google docs files, although them being its main business competitor. The Paper's main target area is business groups and corporations but Dropbox claims it will be as effective and useful for the general public. You can sign up for the waitlist here, stay tuned for our review article shortly.