Novel technique are required to ensure the long-term viability and maximize the efficiency of energy consumption in the constantly changing Internet of Things (IoT) landscape. In order to accomplish these objectives, this study examines the potential use of blockchain technology into IoT architectural concepts. Our approach utilizes blockchain technology to effectively manage and enhance energy consumption in IoT devices and networks. This is achieved by capitalizing on the decentralized, secure, and transparent characteristics of blockchain. Our objective is to do this by developing a decentralized ledger system that documents all energy transactions and interactions inside an Internet of Things (IoT) environment. This strategy utilizes blockchain technology to provide accountability and real-time monitoring of energy consumption, hence facilitating improved energy allocation and consumption. We delve into the concept and execution of smart contracts that ensure transactions and automate energy-conservation procedures, thereby diminishing the necessity for centralized authority and alleviating energy wastage. In addition, we examine the possibility of blockchain technology to enable direct energy transfer between Internet of Things (IoT) devices. This feature facilitates the development of a self-sustaining Internet of Things ecosystem by enabling devices with surplus energy to vend it to those requiring it. We also tackle the difficulties associated with the integration of blockchain with IoT, such as the energy consumption resulting from blockchain activities and the ability to effectively handle large volumes of data. Furthermore, we offer resolutions to these problems. The proposed framework improves the energy efficiency of IoT ecosystems and promotes their sustainability by advocating for the use of renewable energy sources and decreasing carbon footprints. Through the utilization of simulations and real-world illustrations, we showcase the efficacy of our blockchain-enabled Internet of Things (IoT) platform in delivering substantial enhancements in sustainability and energy reduction.