SYSTEM AND METHOD FOR BUILDING A TRUSTED NETWORK OF DEVICES

Systems and methods for building a trusted network of devices with intrusion detection system (IDS) using blockchain IoT (BIoT) technology are provided. The method includes registering an IoT device on a plurality of blockchain network channels. The plurality of blockchain network channels include an authentication channel, data channel, remote channel, and security channel connected to corresponding servers to perform dedicated operations such as device authentication, data management, remote operation/access control, and intrusion detection. On successful authentication, the IoT device is allowed to access, store and retrieve data stored on the blockchain. The blockchain ledger is updated after each data transaction and a new wallet identity or encrypted keys for the IoT device are issued after each transaction. The method further includes receiving an operational instruction from a front-end device and authenticating from the blockchain record, the wallet identity, user permissions and validity of operation's parameters based on an organization's policies.