Already into blockchain technology? If you understand cryptocurrencies, you know how it works. But do you know what is the relationship between blockchain and digital marketing?
Implementing this type of registration promises to revolutionize, for the better, the way transactions are carried out, including those related to marketing.
In this content, you will understand what blockchain is, in fact, and how it works and relates to digital marketing. Finally, you will still know what transformations should happen in the future, making you anticipate the demand and prepare yourself.
Want to know how this innovation will transform the market? So check it out with us. Good reading!
What Is Blockchain?
Blockchain is a public record of transactions. It ensures transparency, security, and efficiency from encryption and a working model. That is, it must be clear that he is not a supplier or a product.
In addition, it is a data architecture concept with several types of blockchains. This way, it can be applied to record transactions in the most varied areas. Although blockchain is not limited to the financial area, the most popular type is the one that supports financial transactions in virtual currencies, such as cryptocurrencies.
How Does It Work?
As the blockchain environment does not work under government regulation, it is necessary to have some characteristics so that everyone’s trust is complete. Therefore, it is essential to have mechanisms to ensure transparency and security, keeping data confidential.
Blockchain is a type of blockchain. In other words, transactions are recorded from blocks with encryption, validated by the users, and linked with others as a chain.
First, the database registers a request for a transaction digitally signed by all parties involved. Afterward, it needs to be analyzed by a network member, called a miner, who will verify the authenticity of the digital signatures and make the transaction official. Having a decentralized character is one of the main features of blockchain.
As anyone can see transactions, it is critical to ensure that no one has the power to change them. Therefore, after being validated, a transaction is chained to the previous and subsequent blocks, generating a sequence of immutable and unique codes. Thus, the transaction will be safe and validated in the database.
What Is The Relationship Between Blockchain And Digital Marketing?
Okay, but what does this have to do with digital marketing? In addition to the financial market, several areas that need security in corporate and commercial processes to function are being transformed.
As a result, credits are now marketed via blockchain to companies that wish to resell them, and they offer them to customers from their applications.
The network validates the request, making the sale of credits more efficient and secure, which is essential for services such as rotary parking. With the decentralized system, there is no distrust between the parties or even future investigations into fraud.
Once again, what is the practical application of Digital Marketing? So, without further ado, let’s go. Think about the last transactions you made to advertise a product or service on Google Ads, Facebook, or even a product you bought in e-commerce. A financial institution will verify and confirm the transaction in all cases. All this can be eliminated with the blockchain in a decentralized way.
Without having an intermediary and relying on the power of the network to validate itself, negotiation becomes even more direct, lowering prices and generating a trend toward lower prices.
Changes In The Coming Years
Blockchain should make key digital marketing actions simpler, safer, and more transparent for everyone involved in digital marketing transactions. This means that it may be easier to find professionals and trust the metrics that involve the purchase of advertising space, for example.
Keeping an eye on innovations like data drive marketing is critical to keeping your company competitive in the marketplace.
Want to understand better how this happens? See now!
Own Means Of Payment
Those who like investing and studying bitcoins and other cryptocurrencies already know the different possibilities of receiving and sending payments. Imagine if this could also be done in digital marketing services. In this way, payment methods could include, in addition to more traditional methods, payments in cryptocurrencies.
With that, the market would get even hotter since clients or professionals are often in other countries, facilitating transactions that would otherwise be online and without relying on intermediaries to burden services and discourage them from both parties.
Everyone has thought that the number of views on a given ad was inflated in a given campaign. With blockchain, you will ensure even more security in all transactions, favoring transparency in company relationships.
As this demand is high, the trend is that the blockchain can be used to make each action taken clearer for those who consumed the services, generating more appropriate management.
Also Read: How Is Artificial Intelligence Changing Digital Marketing?