Fuente: Wipo "IOT" A system and method are described for performing flow control in an IoT system. For example, one embodiment of a system comprises: a plurality of IoT devices; an IoT hub to establish local wireless connections with the plurality of IoT devices to communicatively couple the plurality of IoT devices to an IoT service; the IoT hub to store flow control parameters for each of the plurality of IoT devices, the flow control parameters determined based on data communication requirements of each of the IoT devices and indicating one or more data communication thresholds for each of the IoT devices; the IoT hub to monitor data communication with each of the IoT devices to determine whether one of the IoT devices has reached a data communication threshold specified by the flow control parameters, wherein in response to a first IoT device reaching its data communication threshold, the IoT hub temporarily preventing communication between the first IoT device and the IoT service.