Method and system for secure resource management utilizing blockchain and smart contracts

A management system for electronic resources comprising:

• a plurality of centralized cloud computing networks;
• a plurality of edge servers connected to the plurality of centralized cloud computing networks, each edge server having a processor, a memory, and a network interface;
• a plurality of devices in communication with at least one edge server via the network interface;
• a resource management system stored within the memory of the edge server in communication with the plurality of devices;
• and
• wherein the resource management system is executed by a plurality of instructions carried out by the processor of the edge server in communication with the plurality of devices, the plurality of instructions including, (1) retrieval of at least one attribute of the plurality of devices by the edge server for registering the at least one device within the resource management system, (2) allocation of a digital currency to each of the plurality of devices by the resource management system, (3) execution of a smart contract on each of the plurality of devices within the resource management system, the smart contact detailing an authorized parameter of operation by the resource management system, (4) recordation of a transaction by the at least one device of the plurality of devices on a blockchain operated and maintained by the resource management system, and (5) authorization or deauthorization of the at least one device of the plurality of devices performing the transaction by the resource management system.

A method for managing electronic resources in a computing network, the method comprising:

• storing a resource management system on a server having a processor, a memory, and a network interface;
• providing at least one device in communication with the server via the network interface;
• retrieving at least one device attribute of the at least one device by the server to register the at least one device within the resource management system;
• allocating a digital currency to the at least one device by the resource management system;
• executing a smart contract by the at least one device within the resource management system, the smart contact detailing an authorized parameter of operation by the resource management system;
• recording a transaction by the at least one device on a blockchain operated and maintained by the resource management system;
• and
• authorizing or deauthorizing the at least one device performing the transaction by the resource management system.