With the prevalence of Internet of Things (IoT) applications, IoT devices interact closely with our surrounding environments, bringing us unparalleled smartness and convenience. However, the development of secure IoT solutions is getting a long way lagged behind, making us exposed to common unauthorized accesses that may bring malicious attacks and unprecedented danger to our daily life. Overprivilege attack, a widely reported phenomenon in IoT that accesses unauthorized or excessive resources, is notoriously hard to prevent, trace and mitigate. To tackle this challenge, we propose Tokoin-Based Access Control (TBAC), an accountable access control model enabled by blockchain and Trusted Execution Environment (TEE) technologies, to offer fine-graininess, strong auditability, and access procedure control for IoT. TBAC materializes the virtual access power into a definite-amount and secure cryptographic coin termed "tokoin" (token+coin), and manages it using atomic and accountable state-transition functions in a blockchain. We also realize access procedure control by mandating every tokoin a fine-grained access policy defining who is allowed to do what at when in where by how. The tokoin is peer-to-peer transferable, and can be modified only by the resource owner when necessary. We fully implement TBAC with well-studied cryptographic primitives and blockchain platforms and present a readily available APP for regular users. We also present a case study to demonstrate how TBAC is employed to enable autonomous in-home cargo delivery while guaranteeing the access policy compliance and home owner's physical security by regulating the physical behaviors of the deliveryman.