Contact us anytime to know more — Kuldeep K., Founder & CEO CISIN
With current announcements demonstrating that teens are currently watching an hour a day on YouTube, you might think that this is huge news for the advertising industry.
A captive audience stuck between ad breaks ought to be each advertiser's dream, nevertheless instead, the industry is tainted by fraud and bogus information, something even YouTube recognizes.
The Google-owned movie platform has just announced it'll be plowing $25m into hunting out fake information in the hopes of boosting dejected advertisers worldwide.
However, blockchain based Verasity might simply beat them to the punch.
Announced in January, the system considers it could save advertisers 19bn alone simply by eliminating the ad-fraud part from digital losses.
Utilizing new patent-pending proof-of-view (PoV) technology, Verasity escsentially verifies all beliefs via a pay-to-view and pay-to-earn model, while using a brand new digital currency.
Current Problem
Advertising campaigns online are all suffering. From fake opinions, spiders, and diluted traffic thanks to fake information, it adds up to cost the industry millions each year.
In the short term, this leads to reduced traffic or a gain in the wrong target market as customers find themselves redirected to your site by accident without the purpose of buying anything.
With each visit studying as a feeling, advertisers are having to rely on an intricate set of information to comprehend why people are visiting their sites with confusion more than earnings often the most important thing.
While YouTube might be the world's next largest search engine (only surpassed by its own parent company Google), it finds itself in a center of fake news and conspiracy videos which carry serious financial consequences.
Clients, therefore, have identified that the primary problems that are faced with by movie programs, social networks, and press agencies are now: imitation views, robots, and fraudulent views.
So, what's the alternative?
Adding Blockchain To Marketplace
Verasity launched a soft cap a month ago (a public token sale set at a particular amount that will ensure the project gets financed ).
This enabled people to rapidly join by merely exchanging their Bitcoin or even Ethereum for the job's new money, VERA, made using the Ethereum network.
Tellingly, VERA comes from the Latin word for'fact,' something CEO David Orman is exceptionally enthusiastic about telling.
A business expert himself, he believes there are many wrongs this platform could write. He states,"We've all seen first-hand the inefficiencies, imbalance and problems with the current online video arena.
Content shock, bad sales, high transaction fees, ad-fraud, low earnings for content creators, bogus news and poor articles discovery. These are only a few of the main problems we are tackling."
The industry appears to concur; the soft cap has been reached with the stage due to launch publicly by ancient 2019.
Earning Potential
For the tech-savvy using a burgeoning cryptocurrency wallet, Verasity makes complete sense. There is a tiny token fee for seeing something via the platform, however, you can earn back VERA tokens by viewing adverts.
This cyclic method of viewing keeps everything transparent between the advertiser and the customer. Bots are almost eliminated through the blockchain and PoV technologies give advertisers protection they would never get from the present market.
It also usually means that for successful broadcasters the earnings potential is immense, with folks on the stage already equipped with VERA tokens in their wallets, the supply to spend-per-view has to be incredibly exciting to new advertisers.
And if the commission is not as, watch as vloggers start to vote with their feet.
Answer For Broadcasters
Despite small publicity so far, the Verasity term has spread, also Orman shows that content creators, talent managers, along with rights supporters are calling him on a daily basis to understand more about the proposition.
He says,
"Mainstream broadcasters through to smaller vloggers are taking a look at our solution as a new way to eliminate issues caused by'fake traffic' and also to help create new, more immediate revenue flows - especially with regard to how much commission the significant online video programs take from content owner stations.
Secondly, the media service world, known as being in a condition of disrepair, is developing new blockchain technology to provide advertisers using greater accountable, more effective methods of purchasing media.
Utilizing Blockchain technology to ensure that media investment can provide much better transparency, eliminate the abundance of intermediaries who are taking a part of the pie; that is diminishing manufacturer ROI across electronic and programmatic marketing spend."
As they say, the proof is in the pudding. But tellingly Verasity has only announced a partnership with Amazon AWS Activate program, also in the Portfolio Plus level - the maximum exclusive grade of this program that allows for quick scalability.
Verasity has teamed up with XCHNG, an open Blockchain-based digital advertising ecosystem which guarantees transparent audience metrics and also a remarkable decrease in ad-fraud.
With YouTube's investment and the growth of programs like Veracity, 2019 could be the year digital advertisers have wished for.
Clear metrics, reduced ad-fraud, and a transparent market.
The future is just about here.
