Method and system for efficient distribution of configuration data utilizing permissioned blockchain technology

A system for updating configuration data using a blockchain, comprising:

• a memory of a computing device configured to store a plurality of configuration rules;
• a receiving device of the computing device configured to receive a blockchain, wherein the blockchain is comprised of a plurality of blocks including at least one update block, and wherein the update block is comprised of at least a block header and one or more configuration transactions, the block header being comprised of at least a timestamp, block hash value, and a digital signature and each of the one or more configuration transactions being comprised of at least configuration data;
• a verification module of the computing device configured to verify the digital signature included in the block header included in the update block included in the plurality of blocks comprising the received blockchain;
• and
• a querying module of the computing device configured to execute a query on the memory to update the plurality of configuration rules based on the configuration data included in each of the one or more configuration transactions included in the update block included in the plurality of blocks comprising the received blockchain, wherein updating the plurality of configuration rules includes at least one of:
• (i) adding a new configuration rules to the plurality of configuration rules, (ii) removing a configuration rule from the plurality of configuration rules, and (iii) modifying a configuration rule of the plurality of configuration rules.