Place/Date: New York, USA - June 12th, 2017 at 2:01 pm UTC · 4 min read
Contact: Nicole Jordan, Source: MetaX
Today MetaX and DMA (Data & Marketing Association) announced their collaboration to introduce adChain, the first blockchain-based solution for the digital advertising industry.
Built by MetaX, adChain is an open protocol on the public Ethereum blockchain that enhances digital advertising’s disjointed supply chain. This solution instills transparency, efficiency and trust to an industry in need of a fresh approach.
adChain creates a secure environment for digital advertising to occur, ensuring ad spend reaches quality inventory on qualified publisher sites. Contrasted with the current opaque supply chain in which ad spend can be wasted on fake views, and publishers can lose revenue to spoofed domains, adChain clears the fog for all members throughout the supply chain. adChain improves digital advertising by providing an open and transparent, secure and auditable, and efficient and balanced ecosystem.
Additionally, adChain uniquely leverages the Ethereum blockchain to tap the developer community with market-driven, economic incentives to identify and drive out ad fraud.
The value of adChain transcends the supply chain, benefitting all entities from advertiser to publisher:
While the Data & Marketing Association is the first industry organization to deliver adChain to its members, DMA’s intention is to engage with other industry organizations on this initiative. Celebrating its 100th anniversary this year, DMA is comprised of leading innovators across the data and marketing ecosystem, including brand marketers, agencies, service providers and media companies.
“As a leading advocate for the digital advertising community, DMA is uniquely positioned as the only marketing trade association that represents the entire ecosystem – from demand side to supply side,” said Ken Brook, Co-founder and CEO of MetaX. He continued, “this aligns with the utility value that adChain brings, thus we can all work together with the adChain solution.”
“DMA leads initiatives that positively impact the data and marketing industry,” said Tom Benton, DMA’s CEO. “Given the current state of digital advertising, we have a responsibility to deliver to our members the tools and knowledge to succeed. We are excited to work with DMA member MetaX to introduce adChain to the market and provide the digital advertising industry with a brighter future.”
Beyond digital advertising companies, developers are encouraged to learn more about MetaX and the adChain protocol. For developers interested in working with MetaX building decentralized applications (DApps) for adChain, contact: build(at)metax(dot)io.
A white paper on adChain is available at https://adtoken.com/white-paper/.
MetaX is unlocking the power of blockchain for digital advertising. The company is based in Los Angeles and allows the digital advertising supply chain to coordinate in a scalable, trustworthy and secure way. To sign up for company updates, please visit: https://www.metax.io/
Founded in 1917 and driving the data and marketing agenda for a full century, the Data & Marketing Association (“DMA”) champions deeper consumer engagement and business value through the innovative and responsible use of data-driven marketing. DMA’s brand-leading membership is made up of over 1,400 organizations that are today’s innovative tech and data firms, marketers, agencies, service providers and media companies. By representing the entire marketing ecosystem—demand side and supply side—and engaging more than 100,000 industry professionals annually, DMA is uniquely positioned to convene and guide the industry to bring win/win solutions to the market, and ensure that innovative and disruptive marketing technology and techniques can be quickly applied for ROI.
DMA advances the data-driven marketing industry and serves its members through four principal pillars of leadership: advocating for marketers’ ability to responsibly gather and refine detailed data to identify and fulfill customer needs and interests; innovating to bring solutions forward to the data & marketing ecosystem’s most vexing challenges; educating today’s members of the data & marketing ecosystem to grow and lead marketing organizations in the ever-increasing omnichannel world; and connecting industry participants to stay current, learn best practices and gain access to emerging solutions through &THEN – the largest global event for data-driven marketing – and DMA’s portfolio of other live events. To learn more about DMA, please visit: http://www.thedma.org.