System and method for utilizing connected devices to enable secure and anonymous electronic interaction in a decentralized manner

A device, comprising:

• at least one hardware processor;
• a memory module;
• and
• a wireless communication module,
• the at least one hardware processor being configured to implement management of access permissions for the device by a user device, comprising:
• generating a public key and a private key for the device;
• storing, in the memory module, a genesis block for a private blockchain, the genesis block being addressable using a hash of a unique qualifier of the device;
• hashing the public key to provide a self-identity of the device;
• adding a life block to the private blockchain, the life block being added to the private blockchain as a block following the genesis block, the life block being addressable by the hash of the public key, the life block being stored in the memory module;
• designating a user device as an owner of the device, the user device controlling access permissions to the device, and adding a first permissions block to the private blockchain, the first permissions block storing a self-identity of the user device as the owner of the device;
• adding a further permissions block to the private blockchain, the further permissions block storing access permissions for one or more users of the device;
• initiating distribution of the private blockchain comprising the genesis block, the life block, and the permissions blocks, to a plurality of peers;
• and
• controlling access to the device based on the access permissions stored in the private blockchain.

A non-transitory computer-readable medium storing code which, when executed by at least one hardware processor of a device, causes the device to implement:

• generating a public key and a private key for the device;
• storing, in memory of the device, a genesis block for a private blockchain, the genesis block being addressable using a hash of a unique qualifier of the device;
• hashing the public key to provide a self-identity of the device;
• adding a life block to the private blockchain, the life block being added to the private blockchain as a block following the genesis block, the life block being addressable by the hash of the public key, the life block being stored in the memory of the device;
• designating a user device as an owner of the device, the user device controlling access permissions to the device, and adding a first permissions block to the private blockchain, the first permissions block storing a self-identity of the user device as the owner of the device;
• adding a further permissions block to the private blockchain, the further permissions block storing access permissions for one or more users of the device;
• initiating distribution of the private blockchain comprising the genesis block, the life block, and the permissions blocks, to a plurality of peers;
• and
• controlling access to the device based on the access permissions stored in the private blockchain.