Essay Question:

Smart contracts offer ways to rethink business transactions and more specifically contract formation. Critically consider both the benefits and challenges that smart contracts offer contract formation. In your essay, you must examine possible solutions to the challenges posed by smart contracts in regard to contract formation/ business transactions.

TIPS:

1. Remember to use essay format: intro, body conclusion (as explored in tutes)
2. Due to word limits, please explore the most significant challenges of smart contracts in terms of business transactions/ contract formation. You choose how many but make sure that they are explored in depth. the more insignificant limitations that you choose to not consider can be put in footnotes with references to the literature that explores them in greater depth.
3. Contemplate solutions contemplated in the literature - you do not have to come up with your own
4. References: when you take info from somewhere else, you must reference it. When you make an argument, refer to the literature to come up with a convincing argument. Vary your referencesfootnotes) to demonstrate that you have read broadly - this demonstrates knowledge.

You are required to reference where appropriate using the Australian Guide for Legal Citations footnote referencing style.