Havas Media has partnered with tech provider AdsDax to harness the potential of using blockchain advertising technology to aid in the transparent measurement and tracking of ad data over the course of a campaign.
Launched two weeks ago, the campaign uses the AdsDax advertising platform to run rich-media creative that promotes food delivery service “Swiggy” in India to mobile device users during the cricket season. Throughout the campaign over 2.3 million users engaged with the advert, with all user engagements being tracked directly from the user’s device on a public blockchain. This addition of a blockchain tracking layer gives advertisers a greater visibility towards their campaign goals.
During the course of the campaign key payable event data from the adverts is sent from the consumer’s device to the blockchain, where it is verified and validated by 3rd parties before being stored on an immutable, distributed ledger. This transparent data is available to the advertiser almost instantly, allowing them to review exactly what they are buying in real time. This not only speeds up the review time on campaign performance for media buyers, but also helps media buyers make decisions on how to spend their budget more effectively, thus reducing wasted budget.
Commenting on the AdsDax platform, Rohan Chincholi, Head of Media and Business Head - Mumbai and Bangalore, Digital, Havas Media, said “The biggest issue with current blockchain propositions is that there are a lot of theoretical concepts and ideas but not a lot of live products. Speed and scale have been key arguments for blockchain detractors who have argued that blockchain isn’t robust enough to support features such as real-time bidding and fraud prevention, however, AdsDax has an end-to-end tech platform that, thus far, has met the speed and scale expectations of the advertisers who have used it to run campaigns. AdsDax has a live platform that solves the issues of speed and expense on the blockchain while delivering the key features: transparent, immutable tracking and payment.”
Discussing the technology, AdsDax CEO Ian Mullins, commented, “There have been several challenges for us to build a platform that can meet the expectations of the ad industry. We have undertaken R&D into several different blockchain protocols and public blockchains and a lot of them simply could not meet the demands and throughput required by a live, commercial platform. Although we are still in R&D to constantly increase the throughput and scale of our live platform, we believe we now have a solution that is successfully meeting the requirements of the ad industry. Our partnership with Havas Media on this campaign is simply further confirmation that blockchain is the future of media buying.”