Let $A$ be a Banach or a $C^*$ algebra. We consider the differential equation $$(*)\;\;\;\;Z'=Z^2-Z$$ on $A$.
Obviously the singularities of this systems are just the idempotents of the algebra.
It can be easily shown that the group of invertible elements is invariant under this flow. (Edit:According to the answer of Robert Israel we get that the space of Left zero divisors is flow invariant too.) Furthermore the group of invertible elements does not contain any periodic orbit(Except the trivial case of singularity $Z_0=1$ but strictly speaking a singular point can not be regarded as a periodic orbit). Furthermore non of the following algebras can have a periodic orbit of the above systems:
1) The Matrix algebra
2)$C^*_{\text{red}} F_1=C^*_{\text{red}} \mathbb{Z}=C(S^1)$
Our questions:
1)Is there a Banach or $C^*$ algebra $A$ for which the system $(*)$ has a periodic orbit?
2)In the literature, are there some researches devoted to Kaplansky or Kadison Kaplansky conjecture via dynamical consideration of the equation $(*)$? As we see in this post, the three key elements of the Kaplansky conjecture is meaningfully involved with the dynamical interpretation of $Z'=Z^2 -Z$.These $3$ concepts are "Invertibles", "zero divisors" and "idempotent".
Proof of the fact that the group of invertible elements of a $C^*$ algebra $A$ is invariant under flow of $(*)$:
The group of invertible elements of $A$ is denoted by $G(A)$.Let $Z(t)$ be a solution of $(*)$ with $Z(0)=Z_0\in G(A)$. For some $t_0>0$, let $Z(t)\in G(A),\; \forall t\in [0,t_0)$ but $Z(t_0)$ is non invertible. Note that $W(t)=Z(t)^{-1}$ is a solution of $$(**)\;\; W'=W-I$$ Obviousely this vector field $(**)$ is a complet vector field, i.e. all soltions has maximal interval of definitions equal to $(-\infty, +\infty)$. In particular $W(t)$ is defined at $t_0$ hence $W(t)$ is bounded around $t_0$. This situation contradicts to the following lemma which is proved in Functional Analysis by W. Rudin.(10.17 lemma page 256).
Lemma: Let $Z_n$ be a sequence of invertible elements of a Banach algebra which converges to a non invertible element then the sequence $W_n=Z_n^{-1}$ is an unbounded sequence.
Remark: Please see the comment conversations to the following link as some suggestions for consideration of dynamical methods in the idempotent problem.