Artificial intelligence (AI) based management of distributed ledger technology (DLT) network for internet of things (IoT)

A system, comprising:

• circuitry configured to:
• receive a first request from an edge device associated with a user to communicate with an operator entity in a distributed ledger technology (DLT) network;
• determine a plurality of parameters, associated with the edge device, based on a type of the edge device;
• apply an artificial intelligence (AI) model on the determined plurality of parameters to generate a smart contract for communication between the edge device and the operator entity in the DLT network, wherein
• the AI model is trained on a first set of parameters of a training dataset for generation of a device code associated with the edge device and is trained on a second set of parameters of the training dataset for the generation of the smart contract,
• the first set of parameters includes sensor data associated with the edge device, and
• the second set of parameters includes data associated with the edge device and the DLT network;
• control execution of a code associated with the smart contract to create a transaction record on the DLT network, wherein the creation of the transaction record is based on the communication between the edge device and the operator entity;
• temporarily suspend the code associated with the smart contract in the DLT network based on a second request from one of the edge device or the DLT network;
• and
• perform, in response to the second request, a set of operations for the suspension of the smart contract on the DLT network, wherein the set of operations includes offloading of the transaction record from the DLT network to a local database associated with the DLT network.