The custodial block chain network is a distributed network of systems, including at least a first entity system, a second entity system, and a custodian entity system, wherein the network allows the first entity to quickly, securely, and easily allocate resources associated with a first user, via an electronic contract stored in the block chain, from the first entity to a second user associated with a second entity. The custodian entity system provides, through the use of the network, resource pools for the first and the second entities, and holds allocated resources from the first entity system until acceptance of the electronic contract. Upon acceptance of the electronic contract, the resources are released by the custodian entity to the resource pool associated with the second entity allowing the second entity to provide the allocated resources to the second user.