System and method for transaction account based micro-payments

A method, comprising:

• receiving a registration request from a client device associated with a user, the registration request requesting participation in a micro-payment transaction program and comprising a transaction address associated with a transaction account of the user;
• generating an account holder account smart contract associated with the transaction account of the user, the account holder account smart contract being generated to validate a payment requesting entity and a payment request via the micro-payment transaction program and to generate a transaction clearance event associated with a plurality of micro-payments;
• writing the account holder account smart contract to a distributed ledger;
• and
• updating a directory smart contract stored on the distributed ledger, the directory smart contract being updated to indicate an active link between the transaction account, the transaction address, and the account holder account smart contract.

A non-transitory, computer-readable medium, comprising machine-readable instructions that, when executed by a processor of a computing device associated with a provider entity, cause the computing device to at least:

• receive an account holder validation request associated with an account holder requesting access to paid content provided by the provider entity, the account holder validation request comprising an account holder transaction address associated with the account holder, the account holder being a registered participant in a micro-payment transaction program;
• invoke a directory smart contract stored on a distributed ledger in response to receiving the account holder validation request;
• determine an account holder smart contract transaction address associated with the account holder transaction address based at least in part on a result received from the directory smart contract;
• confirm a validity of an account holder smart contract stored on the distributed ledger based at least in part the account holder smart contract transaction address and the account holder transaction address;
• and
• register the account holder smart contract transaction address for one or more events associated with the paid content.