Reciprocal Link System

So, in the near future I will be needing to set up a reciprocal link system amongst my blogs. What it will consist of is a dash page that manages these reciprocal links. the primary function will be adding a non editable link to both pages that can only be canceled from the dash panel. When one blog cancels their link, both links are removed. I'm not thinking much about this piece too much yet, as I still have other problems to address over the next few days. But its their on the back burner of my mind..