Blockchain technology may provide a potential solution to the Internet of Things (IoT) security challenges by providing a decentralized and secure method for storing, managing, and sharing data. The Secure Hash Algorithm (SHA-256) hashed value of preliminary data (block) is retained in one block along with transaction data in tree form and timestamp in a chain of blocks. However, there are observations about blockchain limitations such as higher energy consumption, secure data, self-maintenance reliance, and higher cost. These constraints can be overcome by incorporating encryption algorithms into accepting blocks of data. In this paper, we propose a secure intelligent computational model for a large-scale interconnected IoT environment; an analytical modeling technique is considered for the proposed system. The proposed system takes advantage of the potential security feature of blockchain, which is considered the most appropriate secure communication system in an IoT. A computational model is built using the proposed blockchain technology to incorporate a secure and intelligent communication system. The proposed system uses the enhanced McEliece encryption approach’s potential to link the blockchain due to the faster mode of encryption and decryption process with a highly reduced number of steps.