SYSTEM AND METHOD FOR CREATING AD HOC SELF-ENFORCING CONTRACTS IN NETWORK-BASED EXCHANGES

摘要

Systems and methods enable the creation, administration, and enforcement of self-enforcing electronic contracts within a network-based participation exchange as well as the matching of participation opportunities with exchange participants having compatible profiles. In one embodiment, participation opportunity data is provided to an exchange participant computing device, and the exchange participant computing device transmits a participation opportunity purchase request to an exchange network computing device. In response to the purchase request, the exchange network computing device generates an electronic contract.