Few technologies promise to have an impact on the marketplace as tremendous as the blockchain technology. Though many professionals in the search marketing industry are still entirely unfamiliar with it. Blockchain’s disruptive nature is changing the nature of digital advertising regardless of whether some professionals hear about it or not, however, meaning it’s imperative to catch up on how this technology is changing the industry if you want to remain competitive.
Here are five of the major ways that blockchain will impact search marketing, and how advertising professionals are already beginning to master this interesting technology as it takes over.
1. Blockchain will make ads trustworthy
Consumers hate advertisements for a number of reasons, but by and large the most common is that they simply think advertising technology is untrustworthy. Nobody likes feeling as if they are being surveilled 24/7, and few people trust digital advertisements that appear on their screen enough to click on them, even if its contents are interesting. Blockchain technology promises to help this problem by securing the ad supply chain and making the marketing process more trustworthy to consumers everywhere.
Soon, thanks to blockchain services, ad tech vendors, buyers, and publishers will be more connected than ever before. Transparency, that is sorely needed in the ad supply chain can be brought about by the application of blockchain services, which thanks to their nature as ledgers are accessible to every party involved in a financial transaction. Website owners and ad vendors of the future will thus be able to operate with one another much more securely when making marketing arrangements.
2. Blockchain is delivering ad transparency
Elsewhere, blockchain services will be applied to make ads more transparent in an effort to win over the trust of skeptical consumers. Companies like Unilever are now teaming up with the likes of IBM on blockchain projects that they hope will disclose information about their business footprint and the way they collect and utilize information on customers. As these endeavors become more successful, others will be convinced to enlist the help of blockchain technology when it comes to ensuring a transparent advertising industry.
3. Blockchain is changing ad payments
Blockchain technology will also impact search marketing by disrupting the way that advertisement payments are facilitated. Companies like Amino Payments will soon be springing up left and right as the market for blockchain services grows larger and larger. These businesses will help mainstream blockchain-powered ad buys that make use of interesting smart contracts. While smart contracts are only just beginning to become an accepted part of the business world, they’ll be a mainstream facet of doing business sooner than we think, all thanks to the wonderful power of blockchain.
4. New advertising ecosystems are springing up
Some of the ways that blockchain is impacting search marketing are truly monumental. Blockchain technology is helping new advertising ecosystems get on their feet, for instance, with nascent companies like Adshares that are working hard to create a blockchain-based advertising ecosystem. As cryptocurrencies and other blockchain-powered technologies become more mainstream, we’ll see an increased need for blockchain-friendly payment systems.
Search marketing professionals in the future may have to rely on specialized expertise when navigating these new blockchain-powered advertising ecosystems that use a standard bitcoin wallet, which will become dominated by the IT-savvy. Programmatic advertising has already been upended time and again in recent years as the digital revolution brought about better computers, and the rise of blockchain could very well be the next stage in that cycle of disruption.
5. New blockchain browsers will reshape user experiences
Finally, the digital experience of the average consumer will be fundamentally changed by the introduction of blockchain browsers. Browser options like Brave are becoming more popular and grabbing headlines as they promise a privacy-respecting internet experience that features more honest and safer ad tech. Our current understandings of the marketing world may be entirely useless a few years from now when blockchain powered browsers off secure, personalized search options to users who are sick and tired of modern advertising gurus.
Search marketing is in for more than its fair share of disruptive changes in the forthcoming years, largely because of the advent of blockchain technology. Like any other technological innovation, blockchain will take time and investment to grow into its full potential, but it’s already quite clear that its development is jarring advertising professionals.