Isobar Uses Blockchain to Trial Media-rich Ads

ABR
April 3, 2019

Isobar India and UK-based technology partner AdsDax have completed an initial four-week trial campaign running from January to February 2019, saying they were successful in their effort to scale up their run of media-rich ads on the AdsDax blockchain-enabled platform.

The campaign promoted Ceat Tyres, one of Isobar’s biggest auto industry brands, by sending mobile adverts in the form of large video banners to consumer devices from the AdsDax advertisement platform.  Over 2.6 million ad impressions were received and recorded to a public ledger, thereby providing both the agency and advertiser with constant and transparent access to the campaign in real time.

Although transparency has often been cited as one of the principal advantages of blockchain technology, specifically by decentralizing the entire ecosystem and allowing participants to securely access the open ledger, one of the obstacles has been producing an adequately efficient platform given the sheer volume of data.

Isobar Executive Vice President Shekhar Mhaskar claims that the recent trial effectively proves that the AdsDax platform can track live campaign events on a secure ledger at scale, with transactions logged immediately and directly.

Nitish Bajaj, Ceat Tyres Senior Marketing Vice President, described the promise of blockchain-enabled platforms as a “win-win situation,” whereby campaigns can be followed at every stage and the most can be made of media investments.

According to Ryan Davies, AdsDax Chief Product Officer, the initial trial campaign demonstrated considerable progress in the development of a resilient and efficient blockchain solution for advertising. This is crucial because the platform must be capable of managing the sheer volume of data involved throughout the process, while still being commercially viable from a cost perspective.

Source: www.campaignasia.com

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
GSMA Hong Kong Expresses Positive Outlook for Blockchain
Paul Ulrich, Senior Policy Manager of APAC, GSMA Hong Kong, revealed that developing countries acros...

August 22, 2019

India’s Reliance Jio Unveils Its Massive Blockchain Network
Reliance Jio will install across India one of the largest blockchain networks in the world “with ten...

August 22, 2019

Mosendo, the Final Piece of the Cryptocurrency Payments Puzzle
We kick off the interview series with Clayton Roche, the Head of DeFi with Mosendo and the community...

August 21, 2019

Escalating Protests in Hong Kong Reinforce Bitcoin’s Safe Haven Status
Demand for Bitcoin is surging as more people look to reliable safe haven currencies in the face of e...

August 21, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us