Cryptocurrency trading bot viewership
Additionally, they can create new reward programs for their product and service consumers and make it harder for participants to cheat on reward points. Marketers can also use blockchain to vet and authenticate any and every contract.
They can also use blockchain to store digital assets as an alternative to cloud hosting, but in a distributed technology. Additionally, they can store employee data, verify employment history of job candidates and confirm reporting structures and identities of references and other details. They can use it to verify application document, to digitize their own documents and secure them. This way, it can improve on internal processes and logistics hence cutting down costs.
Because blockhain helps bring in more participants to projects whether through ICOs or other participation models, it allows marketers to access more information and creations from a larger number of people. As such, blockchain systems can be a place where marketers leverage diverse skills from project participants and purchasing of rights to advance their marketing campaigns and their companies. Pulling together all industry players into resource and revenue sharing and hence encourage participation: This is one of the strengths of blockchain-based ad platforms.
Most of them try to ensure that not only the advertisers incentivize less for ads through easy and fast methods, but also that the consumers share in the revenue — and the middle man serving the ad to users does not take the entire share of revenue.
For instance, many companies are rewarding publishers for content creation and for joining distributed storage systems. At the same time, impressive blockchain ad models are generating a lot of interest among participants because they advocate for incentivizing of consumers who share and give out their implicit data, such as behavioral or psychographic data all with consent.
In addition to this, some projects have models where the consumers are paid for providing explicit data such as personally identifiable information, interests, and purchase plans. Because this information and content helps them generate more useful leads, incentivizing these kinds of users will help encourage users to provide more useful data instead of leaving them feeling "used.
If users of a system are voting in an award show or sponsored content, with smart contracts, blockchain can facilitate equal voting and ensure that voters meet eligibility criteria. Verification of ad delivery, ad engagement and ad performance: Blockchain on its own offers more valuable data because of gathering distributed data from variety of systems. However, coupled with AI, for instance, it could deliver more accurate metrics that help track when an ad is delivered in terms of timing , how and for how long the user engaged with the ad, and an overview of ad performance in terms of helping convert a viewer into a buyer all with the motive of improving on future ads and delivery.
Some companies are trying models that involve media buys across social media platforms with cryptocurrencies. Thus marketers can spend more time measuring output and performance of the work instead of more time on their campaigns. In terms of identity and transparency, although legacy systems do reveal metrics regarding ad serving and viewership, cost per click, click through rates, impressions, visits, reach and cost of running ads , at the current state, it is hard to know and verify if these stats are accurate.
Also, there is need for more transparency such as how consumer data is used by advertisers in aggregate, how revenues are shared and even for advertisers to get precision metrics. These approaches will improve trust between ad buyers and servers.
AdChain , for instance, creates a trusted ad space where users can leverage campaign auditing and cryptographically secure impression tracking. It is worth noting that advertisers get conversation rates as low as 3 percent on legacy systems.
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