Abstract: Methods and systems for performing peer-to-peer financial transactions using a private distributed ledger are described. One example method includes identifying a non-accounting transaction in the blockchain network including an output address, zero output amount, a recall indicator, and an identifier of an original transaction; and in response to identifying, generating a reverse transaction crediting an input address of the original transaction for an output amount of the original transaction.

Abstract: Methods and systems for performing peer-to-peer financial transactions using a private distributed ledger are described. One example method includes allocating an initial currency value to a genesis address, the initial currency value representing a maximum value of currency to be managed in the blockchain network; identifying a new member to add to the blockchain network; generating an address for the new member; and transferring an amount from the genesis address the address for the new member, the transferred amount equaling an amount to be managed by the new member in the blockchain network.

Abstract: Methods and systems for performing peer-to-peer financial transactions using a private distributed ledger are described. One example method includes identifying, by a member of a blockchain network, a blockchain transaction sending a particular amount from an address associated with the member; and in response to identifying the blockchain transaction, generating, by the member, a transaction according to a specification of the member to debit an account associated with the address by the particular amount.