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Blockchain in Advertising and Marketing: Revolutionizing the Industry Through Transparency and Trust

Book Chapter

Authors: Vijaya Kittu Manda, Srikantalahari Sagi, Anuradha Yadav

DOI: https://doi.org/10.4018/979-8-3693-2754-8.ch005

Book Name: New Trends in Marketing and Consumer Science

ISBN: ISBN13: 9798369327548; ISBN13 Softcover: 9798369350218; EISBN13: 9798369327555

Publisher: IGI Global

Editor(s): Theodore K. Tarnanidis, Nikolaos Sklavounos; Both from Greece

Book Chapter Number: 5

Publication Date: May 17, 2024

Pages: 89 to 112

Book Chapter Link on Publisher Website

Book Link on Publisher Website

Abstract: Blockchain technology can potentially bring several positive changes in the marketing and advertising domain. This chapter explains the core features and advantages that the technology brings to marketing practices. The chapter examines how Blockchain can improve transparency, security, and trust in marketing and advertising transactions. Few real-world applications of Blockchain in digital advertising, customer data management, and loyalty programs are presented. The core message is that features of Blockchain, such as decentralization, transparency, and security, can fundamentally change how customers interact, manage data, and trust advertisers and brands, especially in the connected online digital world. By integrating Blockchain principles, organizations can enhance customer engagement, optimize marketing campaigns, and prioritize ethical practices. Customers have better control and ownership of data and can decide who, when, and for what timeframe they can access it.

Keywords: programmatic advertising, advertising industry, ad fraud, decentralization, immutability, marketing technology, consensus mechanisms, transparency, consumer data, loyalty programs

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