Here are some things you should check out: electricchain.org are working to record solar panel electricity production with IoT data-loggers directly onto the Solarcoin blockchain. You could descrive this as solar panel owners selling their production data in return for Solarcoins. In concert with and IoT group called Chain of Things they had a hackathon in London recently (which I was fortunate enough to be able to help with setting up), this concept I feel certain is going to become a reality soon.
Also Sia.tech are using smart contracts for data storage contracts on their blockchain.
So I think what you are proposing is feasible, but you need a lot of very smart people to be very dedicated to making it happen.