Request approval using blockchain technology

A non-transitory processor-readable storage medium having stored therein program code of one or more software programs, wherein the program code when executed by at least one processing device causes the at least one processing device:

• to initiate creation of a blockchain network comprising multiple devices corresponding to multiple required sub-requests configured for a particular request for approval transaction, wherein the blockchain network further comprises multiple cryptographic tokens corresponding to the multiple devices;
• to implement, at a given one of the multiple devices, a distinct block in the blockchain network, wherein the distinct block comprises cryptographic information pertaining to the particular request for approval transaction, a decision value for one or more of the required sub-requests, and a count of the multiple cryptographic tokens remaining in the blockchain network;
• to broadcast, from the given one of the multiple devices to remaining devices of the multiple devices within the blockchain network, information pertaining to the distinct block;
• to remove at least one of the multiple cryptographic tokens from the blockchain network in response to each implemented block that corresponds to approval of a required sub-request;
• and
• to grant the particular request for approval transaction in response to removal of all of the multiple cryptographic tokens from the blockchain network.

An apparatus comprising:

• at least one processing device comprising a processor coupled to a memory;
• the at least one processing device being configured:
• to initiate creation of a blockchain network comprising multiple devices corresponding to multiple required sub-requests configured for a particular request for approval transaction, wherein the blockchain network further comprises multiple cryptographic tokens corresponding to the multiple devices;
• to implement, at a given one of the multiple devices, a distinct block in the blockchain network, wherein the distinct block comprises cryptographic information pertaining to the particular request for approval transaction, a decision value for one or more of the required sub-requests, and a count of the multiple cryptographic tokens remaining in the blockchain network;
• to broadcast, from the given one of the multiple devices to remaining devices of the multiple devices within the blockchain network, information pertaining to the distinct block;
• to remove at least one of the multiple cryptographic tokens from the blockchain network in response to each implemented block that corresponds to approval of a required sub-request;
• and
• to grant the particular request for approval transaction in response to removal of all of the multiple cryptographic tokens from the blockchain network.