In the construction of new power systems, the traditional network security protection mainly based on boundary protection belongs to static defense and still relies mainly on manual processing in vulnerability repair, threat response, etc. It is difficult to adapt to the security protection needs in large-scale distributed new energy, third-party aggregation platforms, and flexible interaction scenarios with power grid enterprise systems. It is necessary to conduct research on dynamic security protection models for IoT and other Blockchain-based IoT architectures. This article proposes a network security comprehensive protection model P2AEDR based on different interaction modes of cloud–edge interaction and cloud–cloud interaction. Through continuous trust evaluation, dynamic access control, and other technologies, it strengthens the internal defense capabilities of power grid business, shifting from static protection as the core mode to a real-time intelligent perception and automated response mode, and ultimately achieving the goal of dynamic defense, meeting the security protection needs of large-scale controlled terminal access and third-party aggregation platforms. Meanwhile, this article proposes a dynamic trust evaluation algorithm based on deep learning, which protects the secure access and use of various resources in a more refined learning approach based on the interaction information monitored in the system. Through experimental verification of the dynamic trust evaluation algorithm, it is shown that the proposed model has good trust evaluation performance. Therefore, this research is beneficial for trustworthy Power IoT and other Blockchain-based IoT architectures.