A typical Wireless Sensor Network (WSN) defines the usage of static sensors; however, the growing focus on smart cities has led to a rise in the adoption of mobile sensors to meet the varied demands of Internet of Things (IoT) applications. This results in significantly increasing dependencies towards secure storage and effective resource management. One way to address this issue is to harness the immutability property of the Ethereum blockchain. However, the existing challenges in IoT communication using blockchain are noted to eventually lead to symmetry issues in the network dynamics of Ethereum. The key issues related to this symmetry are scalability, resource disparities, and centralization risk, which offer sub-optimal opportunities for nodes to gain benefits, influence, or participate in the processes in the blockchain network. Therefore, this paper presents a novel blockchain-based computation model for optimizing resource utilization and offering secure data exchange during active communication among mobile sensors. An empirical method of trust computation was carried out to identify the degree of legitimacy of mobile sensor participation in the network. Finally, a novel cost model has been presented for cost estimation and to enhance the users’ quality of experience. With the aid of a simulation study, the benchmarked outcome of the study exhibited that the proposed scheme achieved a 40% reduced validation time, 28% reduced latency, 23% improved throughput, 38% minimized overhead, 27% reduced cost, and 38% reduced processing time, in contrast to the existing blockchain-based solutions reported in the literature. This outcome prominently exhibits fairer symmetry in the network dynamics of Ethereum presented in the proposed system.