Device-to-device microlending within a distributed system

A user device comprising:

• one or more processors;
• and
• a computer-readable storage device storing instructions that are executable by the one or more processors to:
• identify a service that is provided by a service device, wherein the service device is a smart device within a household network;
• determine a specific amount of funds that are associated with the service;
• send, to a lending device, a real-time loan request associated with a loan, wherein the real-time loan request specifies at least an identifier of the user device and the specific amount of funds for the loan;
• after sending the real-time loan request, receive, from the lending device, a digital token associated with the loan, wherein the digital token specifies usage restrictions that are associated with (i) an approved amount of funds for the loan, (ii) a duration of the loan, and (iii) a payee associated with the service device, and wherein the approved amount of funds for the loan from the lending device is less than the specific amount of funds specified in the real-time loan request;
• determine, based on a difference between the specific amount of funds specified in the real-time loan request and the approved amount of funds, a remaining amount of funds associated with the service;
• send, to a second lending device, a second real-time loan request associated with a second loan, wherein the second real-time loan request specifies at least the identifier of the user device and the remaining amount of funds for the second loan;
• after sending the second real-time loan request, receive, from the second lending device, a second digital token associated with the second loan, wherein the second digital token specifies second usage restrictions that are associated with (i) an approved amount of funds for the second loan, (ii) a duration of the second loan, and (iii) the payee associated with the service device;
• and
• send, to the service device to configure the service device to provide the service, a real-time transaction request for the service provided by the service device, wherein the real-time transaction request includes the digital token associated with the loan and the second digital token associated with the second loan, and wherein the digital token is redeemable by the payee associated with the service device for the approved amount of funds for the loan associated with the service, and wherein the second digital token is redeemable by the payee associated with the service device for the approved amount of funds for the second loan.

A non-transitory computer-readable storage device storing instructions that, when executed, cause one or more processors of a user device to:

• identify a service that is provided by a service device, wherein the service device is a smart device within a household network;
• determine a specific amount of funds that are associated with the service;
• send, to a lending device, a real-time loan request associated with a loan, wherein the real-time loan request specifies at least an identifier of the user device and the specific amount of funds for the loan;
• after sending the real-time loan request, receive, from the lending device, a digital token associated with the loan, wherein the digital token specifies usage restrictions that are associated with (i) an approved amount of funds for the loan, (ii) a duration of the loan, and (iii) a payee associated with the service device, and wherein the approved amount of funds for the loan from the lending device is less than the specific amount of funds specified in the real-time loan request;
• determine, based on a difference between the specific amount of funds specified in the real-time loan request and the approved amount of funds, a remaining amount of funds associated with the service;
• send, to a second lending device, a second real-time loan request associated with a second loan, wherein the second real-time loan request specifies at least the identifier of the user device and the remaining amount of funds for the second loan;
• after sending the second real-time loan request, receive, from the second lending device, a second digital token associated with the second loan, wherein the second digital token specifies second usage restrictions that are associated with (i) an approved amount of funds for the second loan, (ii) a duration of the second loan, and (iii) the payee associated with the service device;
• and
• send, to the service device to configure the service device to provide the service, a real-time transaction request for the service provided by the service device, wherein the real-time transaction request includes the digital token associated with the loan and the second digital token associated with the second loan, and wherein the digital token is redeemable by the payee associated with the service device for the approved amount of funds for the loan, and wherein the second digital token is redeemable by the payee associated with the service device for the approved amount of funds for the second loan.