A system and method can ensure Internet Protocol (IP) address and node name consistency when performing remote transactions via multiple un-related IP addresses for the same remote peer. The system can ensure that all cooperating peer nodes are in full agreement of the names and IP addresses at any point in time. In particular, when network configurations can be updated dynamically, the system can ensure that such updates do not lead to inconsistent or failed transactions because a peer node has a stale view of what addresses to use. Furthermore, the peer node that initiates the transaction can verify that all the other peer nodes have exactly the same view of the overall system configuration, in order to ensure that each distributed transaction is carried out using consistent address information.