Blockchain technology aims to change how almost every company is especially marketing companies handle the data. After crashing on the scene as the driver behind Bit coin in 2009, it has become relevant to several sectors beyond financial services, including industrial manufacturing, marketing, health care, and logistics. The common thread between these industries is that they all contain complex and large numbers of interconnected entities, transactions, and vast data quantities. The digital market also shares those features. Combined with the industry’s accountability concerns, these features make ads a prime candidate for Blockchain solutions. Blockchain will help overcome one of the greatest issues facing the marketing industry of various practices. Publishers, advertisers, and ad-tech companies are investigating Blockchain to improve transparency around marketing practices, with the ultimate aim of growing fraud. According to projections by Juniper Research, ad fraud is estimated to cost the industry $44bn by 2022. Blockchain can monitor distributed marketing processes. Blockchain can inject transparency into the marketing industry for ads. Blockchain can resolve many obstacles in the marketing industry, and in this research, we will discuss various ways in which the industry should address these challenges using Blockchain. Finally, we will discuss how Blockchain based marketing offers space to marketers by giving them proper insights into their actions and market conditions.

1.
Guttmann
,
Affiliate marketing spend in the U.S.
2010
-
2022
, (
2019
).
2.
W.
Nichols
,
Advertising Analytics 2.0. Harvard business review
,
91
(
3
),
60
68
, (
2013
).
3.
P. S.
Almeida
and
J. J.
Gondim
,
Click Fraud Detection and Prevention System for Ad Networks
.
Journal of Information Security and Cryptography (Enigma)
,
5
(
1
),
27
39
, (
2018
).
4.
D.
Brown
and
N.
Hayes
,
Influencer marketing
.
Routledge
, (
2008
).
5.
A.
Cavoukian
,
Privacy by Design: The 7 Foundational Principles
, (
2011
).
6.
M.
Chehrehpak
,
S. P.
Afsharian
and
J.
Roshandel
,
Effects of implementing information security management systems on the performance of marketing and sales departments
.
International Journal of Business Information Systems
,
15
(
3
),
291
306
, (
2014
).
7.
C.
Gronroos
,
From marketing mix to relationship marketing: towards a paradigm shift in marketing
.
Asia-Australia Marketing Journal
,
2
(
1
),
9
29
, (
1994
).
8.
P.
Coll
and
J. L.
Micó
,
Influencer Marketing in the Growth Hacking strategy of digital brands
.
Observatorio (OBS*)
,
13
(
2
), (
2019
).
9.
S. G.
Cort
,
Industry corner: industrial distribution: how goods will go to market in the electronic marketplace
.
Business Economics
,
53
55
, (
1999
).
10.
D. Lee Kuo
Chuen
, Ed., Handbook of Digital Currency, 1st ed.
Elsevier
, (
2015
).
11.
C.
Dale
,
The competitive networks of tourism e-mediaries: New strategies, new advantages
.
Journal of vacation marketing
,
9
(
2
),
109
118
, (
2003
).
12.
M.
Dobrovnik
,
D. M.
Herold
,
E.
Fürst
and
S.
Kummer
,
Blockchain for and in Logistics: What to Adopt and Where to Start
.
Logistics
,
2
(
3
),
18
, (
2018
).
13.
R.
Dwivedi
,
Analyzing Impact of Affiliate Marketing on Consumer Behavior with M-Commerce Perspective
.
SMS Journal of Entrepreneurship & Innovation
,
3
(
2
),
55
69
, (
2017
).
14.
A. V.
Ertemel
,
Implications of blockchain technology on marketing
.
Journal of international trade, logistics and law
,
4
(
2
),
35
44
, (
2018
).
15.
K.
Panetta
,
Gartner’s top 10 strategic technology trends for 2017
.
Smarter with Gartner
,
18
, (
2016
).
16.
P.
Gonczol
,
P.
Katsikouli
,
L.
Herskind
and
N.
Dragoni
,
Blockchain implementations and use cases for supply chains-a survey
.
Ieee Access
,
8
,
11856
11871
, (
2020
).
17.
A.
Ghose
,
What blockchain could mean for marketing
.
Harvard Business Review
,
5
,
2
5
, (
2018
).
18.
K.
Jones
,
How Much Will Blockchain Really Affect Digital Marketing?
Forbes
(
2018
).
19.
Y.
Bakos
,
The emerging role of electronic marketplaces on the Internet
.
Communications of the ACM
,
41
(
8
),
35
42
, (
1998
).
20.
A. J.
Kim
and
K. K.
Johnson
,
Power of consumers using social media: Examining the influences of brand- related user-generated content on Facebook
.
Computers in Human Behavior
,
58
,
98
108
, (
2016
).
21.
P.
Kotler
,
H.
Kartajaya
and
I.
Setiawan
, Marketing 3.0: From products to customers to the human spirit.
In Marketing Wisdom
(pp.
139
156
), (
2019
).
Springer
,
Singapore
.
22.
P.
Kotler
,
H.
Kartajaya
and
I.
Setiawan
, Marketing 4.0: Moving from traditional to digital.
JohnWiley&Sons. Inc., Hoboken, NewJersey
, (
2017
). ISBN978-1-119-34106-2 (ePDF).
23.
J. H.
Lee
and
M.
Pilkington
,
How the blockchain revolution will reshape the consumer electronics industry [future directions]
.
IEEE Consumer Electronics Magazine
,
6
(
3
),
19
23
, (
2017
).
24.
K.
Martin
,
The penalty for privacy violations: How privacy violations impact trust online
.
Journal of Business Research
,
82
,
103
116
, (
2018
).
25.
P. Mc
Cole
,
Marketing is not dead: a response to “Elegy on the death of marketing
”.
European Journal of Marketing
, (
2004
).
26.
C.
McParland
and
R.
Connolly
,
Online privacy concerns: threat or opportunity
.
In Proceedings of the 2007 European and Mediterranean Conference on Information Systems (EMCIS2007
).
27.
V. J.
Morkunas
,
J.
Paschen
and
E.
Boon
,
How blockchain technologies impact your business model
.
Business Horizons
,
62
(
3
),
295
306
, (
2019
).
28.
G.
Norman
,
L.
Pepall
,
D.
Richards
and
L.
Tan
,
Competition and consumer data: The good, the bad, and the ugly
.
Research in Economics
,
70
(
4
),
752
765
, (
2016
).
29.
NRI
, “
Survey on blockchain technologies and related services
,”
Tech. Rep.
,
2015
.
30.
H. Y.
Paik
,
X.
Xu
,
H. D.
Bandara
,
S. U.
Lee
and
S. K.
Lo
,
Analysis of data management in blockchain-based systems: From architecture to governance
.
Ieee Access
,
7
,
186091
186107
, (
2019
).
31.
J. M.
Pineda
,
A.
Paraskevas
and
A. ET
FREW
,
Web analytics: a missed opportunity for hotel nline strategy?
.
In ENTER
(pp.
623
633
), (
2004
, January).
32.
R. P.
Paul
,
Who owns the online consumer?
.
Journal of Consumer Marketing
,
17
(
2
),
158
171
, (
2000
).
33.
J.
Singh
,
S.
Singh
and
M.
Kumari
,
The Role of KPIs and Metrics in Digital Marketing
, (
2019
).
34.
S. S.
Sabry
,
N. M.
Kaittan
and
I.
Majeed
,
The road to the blockchain technology: Concept and types
.
Periodicals of Engineering and Natural Sciences (PEN)
,
7
(
4
),
1821
1832
, (
2019
).
35.
J.
Santomier
,
New media, branding and global sports sponsorship
.
International Journal of Sports Marketing and Sponsorship
, (
2008
).
36.
M.
Sathye
,
Adoption of Internet banking by Australian consumers: an empirical investigation
.
International Journal of bank marketing
, (
1999
).
37.
S.
Nakamoto
and
A.
Bitcoin
,
A peer-to-peer electronic cash system. Bitcoin.–URL
: https://bitcoin. org/bitcoin. pdf, 4, (
2008
).
38.
C. D.
Schultz
and
R.
Olbrich
,
Consequences of Click Fraud on the Effectiveness of Search Engine Advertising
, (
2007
).
39.
M.
Swan
,
Blockchain: Blueprint for a new economy
. "
O’Reilly Media, Inc."
(
2015
).
40.
The Truth About Blockchain by Marco Iansiti and
Karim R.
Lakhani
,
Harvard Business Review
(
2017
).
41.
S. Y.
Yousafzai
,
J. G.
Pallister
and
G. R.
Foxall
,
A proposed model of e-trust for electronic banking
.
Technovation
,
23
(
11
),
847
860
, (
2003
).
This content is only available via PDF.
You do not currently have access to this content.