Distributed transactional recovery system and method

In one embodiment the present invention includes a system for transaction recovery in a distributed computing environment. The system includes a transaction log server, application servers, and resource servers. The transaction log server stores a shared transaction log. The application servers implement a distributed transaction application and accesses the shared transaction log when performing a transaction using the distributed transaction application. The resource servers store data and that operate with the application servers to access the data according to the transaction. If one of the application servers fails, another application server assumes responsibility for a portion of the shared transaction log that was previously accessed by the failed application server.