Peer-to-Peer Financial Transactions Using A Private Distributed Ledger

1 . A computer-implemented method executed by one or more processors for registering new members in a blockchain network, the method comprising:

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 to the address for the new member, the transferred amount equaling an amount to be managed by the new member in the blockchain network.

2 . The method of claim 1 , wherein allocating the initial currency value include indicating a currency type for the currency value.

3 . The method of claim 1 , wherein the allocating, identifying, generating, and transferring steps are performed by processors associated with a central bank.

4 . The method of claim 3 , wherein the new member is a financial institution separate from the central bank.

5 . The method of claim 1 , wherein the blockchain network is a Bitcoin network.

6 . The method of claim 1 , wherein the blockchain network is a Ripple network.

7 . The method of claim 1 , wherein the blockchain network is an Ethereum network.

8 . A non-transitory, computer-readable medium storing instructions operable when executed to cause at least one processor to perform operations comprising:

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 to the address for the new member, the transferred amount equaling an amount to be managed by the new member in the blockchain network.

9 . The computer-readable medium of claim 8 , wherein allocating the initial currency value include indicating a currency type for the currency value.

10 . The computer-readable medium of claim 8 , wherein the allocating, identifying, generating, and transferring steps are performed by processors associated with a central bank.

11 . The computer-readable medium of claim 10 , wherein the new member is a financial institution separate from the central bank.

12 . The computer-readable medium of claim 8 , wherein the blockchain network is a Bitcoin network.

13 . The computer-readable medium of claim 8 , wherein the blockchain network is a Ripple network.

14 . The computer-readable medium of claim 8 , wherein the blockchain network is an Ethereum network.

15 . A system comprising:

memory for storing data; and

one or more processors operable to perform operations comprising:

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 to the address for the new member, the transferred amount equaling an amount to be managed by the new member in the blockchain network.

16 . The system of claim 15 , wherein allocating the initial currency value include indicating a currency type for the currency value.

17 . The system of claim 15 , wherein the allocating, identifying, generating, and transferring steps are performed by processors associated with a central bank.

18 . The system of claim 17 , wherein the new member is a financial institution separate from the central bank.

19 . The system of claim 15 , wherein the blockchain network is a Bitcoin network.

20 . The system of claim 15 , wherein the blockchain network is a Ripple network.