Digital ads have the advantage of scaling personalization effectively. But with the rise of ad fraud pushed forward by “bots,” numbers can appear inflated way beyond true human audiences. Some see blockchain as the most promising solution to this problem, given its function to act as an immutable ledger,
Blockchain has the potential to play a significant role in marketing and advertising. That vision is now being realized, thanks to the increasing awareness of digital ad fraud that is prompting marketers to seek greater transparency -- a primary attribute of blockchain technology.
The revenue currently lost to ad fraud is staggering. According to Juniper Research, losses will amount to $19 billion this year, which translates to roughly $51 million a day. Those numbers are expected to more than double over the next five years, to the tune of $44 billion.
Shidan Gouran, president and CEO of Global Blockchain Technologies Corporation,says the problem is exacerbated by “programming bots to emulate human behavior to simulate engagement and traffic to earn revenue from those ads.” But he sees the possibility of curbing the fraud through blockchain by implementing solutions like adChain.
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