Blockchain Forecast To Create $122B In Business Value For Advertising

According to Media Post, Blockchain technology is forecast to create a business value of $2 trillion by 2030, according to data released Wednesday. The emerging technology also is poised to have a major impact on advertising and media.

“Business value” refers to the cost savings and efficiencies that companies could gain by incorporating blockchain into corporate business strategies, explains Don Tait, senior blockchain analyst at IHS Markit, a market, and analysis firm.

In 2017, the business value created by blockchain technology was estimated at about $12.5 million. Estimates put the “probable” forecasted value of blockchain for the advertising and media industry at $122 billion by 2030 — up from about $10 billion in 2025.

The assumptions behind the probable forecast require adoption within the next two years, as well as high adoption rates by advertisers, publishers, and users, Tait explains in an email to MediaPost.

Other factors that come into play require advertisers and media companies to “embrace” blockchain technology and begin using it as part of their business processes. Governments and regulatory bodies also must take positive steps toward blockchain technology, and large companies embrace blockchain and DLT technology and incorporate it into their business processes to help them gain efficiencies and reduce costs.

The report notes that blockchain in retail and e-commerce is forecast to be led by trade promotions, decentralized marketplaces, payments, smart contracts, supply chain and other applications. As the number of blockchain projects that are launched and become commercially deployed within this vertical sector increase, the business value is projected to reach $164 billion by 2030.

Tait believes that “blockchain and smart contracts can also provide the tools and framework to create a new generation of marketplaces where the supply and demand sides can engage in trusted trading transactions, according to various business rules, without the need for a central brokerage entity.”

Government investigation into Zillow co-advertising

The Consumer Financial Protection Bureau (CFPB) has ended its investigation into whether the Zillow Group violated the Real Estate Settlement Procedures Act (RESPA) and Section 1036 of the Consumer Financial Protection Act with its co-marketing program for agents and lenders, according to a form Zillow filed with the Securities and Exchange Commission (SEC).

The co-marketing program allows Zillow Premier Agents to invite lenders to share advertising costs and appear alongside them as “Premier Lenders.” That arrangement could have exposed agents to legal liability if regulators found that agents were not paying their fair share of the advertising spend. CFPB was considering whether this setup violated the anti-kickback provision of RESPA and the section of the Consumer Financial Protection Act that prohibits anyone from helping financial service providers deceive customers.

An office within CFPB notified Zillow it was considering whether to recommend legal action in February 2017. The bureau and Zillow spent the past several months going back and forth to reach a settlement. The CFPB told Zillow on Friday that the investigation was complete and that the bureau did not intend to take enforcement action.

“We are pleased the CFPB has concluded their inquiry into our co-marketing program,” Zillow said in a statement. “As we have said before, it is long-standing practice for agents and lenders to advertise together, and we are glad they can continue to do so through Zillow Group’s advertising platform. Our mission has always been to arm consumers with information that helps them make smarter financial decisions, which this program does by providing consumers with an easy way to connect with agents and lenders.”

Zillow likely benefited from the switch from the Obama to the Trump administration in this case, according to litigation analyst Thomas Claps of Susquehanna Financial Group.

Broadband advertisement in the UK

According to KitGuru, up until today, internet service providers have advertised their top speeds, so long as at least 10 percent of its user base could achieve the displayed “up to” peak download speed. Enforcing strict new rules that were announced last year, ISPs will now have to shake up their advertisement practices, catering to a much larger portion of its customers.

The Advertising Standards Authority (ASA) and the Committees of Advertising Practice (CAP) revealed the changes in November 2017, which ditches “up to” entirely in favor of a collected average achieved by at least 50 percent of customers during peak times, from 8 pm to 10 pm.

“From today, consumers will see a difference in broadband ads that make claims about speed as this new, tougher, standard is enforced,” assures ASA chief executive Guy Parker. “We’ll be making sure consumers aren’t misled by speed claims in ads, not least because choosing the right broadband deal has become such an important part of running a household or business.”

While it isn’t a requirement of the newly enforced rules, CAP is also pushing ISPs to be as transparent as possible by recommending they urge their customers to use speed-checking facilities such as their own tools or Ookla’s SpeedTest, McDonald’s feedback.

“These changes will mean that broadband providers will no longer be able to entice customers with unrealistic adverts promising speeds that most of their customers may never get,” adds Which? managing director of home services Alex Neill, stating that it will “be watching closely to make sure providers are finally living up to their promises.”

Ofcom shares a similar sentiment with consumer group director Lindsey Fussell stating that “these new rules will make a real difference in closing the gap between what broadband shoppers expect and what they actually receive.

Does advertising industry lost its soul?

According to Mumbrella Asia, when I was five, I was most happy when I got to draw and paint with my grandmother. When I was 14, I was most happy during still-life art class staring at an eggplant trying to capture the light on its curves.

When I was 21, I was most happy when I quit university to join art school, disappointing every member of my family. When I graduated from art school, I was happy even if I thought I would be designing greeting cards for the rest of my life.

Till today, I never doubt that this is who I am and what I was meant to do. I believe many people in our industry would feel the same. Like musicians, we are the lucky few in the world that get to make a living from just being who we are and doing what we love. We may not be the next Michelangelo but we have the gift of creativity, which not everyone gets to hone. We have this special ability to solve problems with a heart.

As our industry advanced to find solutions more efficiently with programmatic, machine-learning and more, we stood by and watched with ignorance for a long time. Until today, we live in uncertainty and fear that we will be replaced. It is more important than ever to remind ourselves of why we are in our roles today, the gift we have and the value we bring. We cannot and should not ignore the role of technology. But if brands need to speak to people, only humans can do that best because:

  • Machines have data. But we have feelings.
  • Machines will predict. But we have instincts.
  • Machines will repeat. But we surprise.
  • Machines can make moving images. But we create films.
  • Machines mix sound. But we create songs.
  • Machines perform jobs. But we build relationships.

Technology is here to enhance our lives, not replace it. But more often these days, we’ve become just great ‘salesmen’ of machines. In the flurry to embrace technology, we’ve completely lost ourselves.

What Advertisement clients want

According to PDN, Maren Levinson, founder of the agency Redeye, asked fellow reps and an art buyer why creating treatments has become such a common and important part of the bidding process in the last five years. “We now create treatments even if we are not asked for them,” Levinson says. She asserts that they are yet one more opportunity to show what you are about and the rigor of your creative and production package.

What are treatments exactly? Most of the time they are a 5-10 page PDF with:

  • Intro/Statement
  • Approach/Lighting Technique/Team (Production, Styling, Sets)
  • Casting
  • Reference/Mood Boards/Inspiration. Artists often include their own applicable work as well, marked as such.

Levinson, Carol LeFlufy of Eye Forward and other reps describe just how much time, thought—and also money, if a photographer chooses to hire a copywriter—can go into a treatment, with no guarantee of getting the job. “The good news is that once they have a well-designed template, artists can tweak their treatments for future jobs and customize them according to each bid—be it a motion bid, a stills bid, or a combo of both.”

PDN asked freelance art buyer Karen Meenaghan to concoct a fictitious commercial assignment, then asked two reps to prepare bids for the job. We listened in on their pre-estimate calls. Meenaghan’s brief called for various executions for a “hero” image for print use, including out-of-home advertising, where to buy liquor.

In addition, the brief called for 20 “inset” images for online use, including social media. Meenaghan told Rep2 that the estimate should increase to $120,000 to $130,000 because the estimates for several important line items were too low. “There’s a [bottom line] amount that’s to the bone, and there’s an amount that allows you some wiggle room for bumps in the road,” Meenaghan says.

Cheap PC games in 2018

  • Hellblade: Senua’s Sacrifice

The first self-published release by Ninja Theory follows the travails of a female Pict warrior, as she travels to the Nordic version of hell to rescue the soul of her dead lover. Part fantasy action adventure, part psychological horror, the game is notable for its representation of the lead character’s psychosis, which both helps and hinders her progress.

However, reviews focused largely on the game’s combat and puzzle elements, which were cited as being repetitive, as well as the game’s relatively short length. But you shouldn’t let these minor irritations prevent you from sampling this beautiful, haunting and thoroughly thought-provoking fantasy, the liquor store near me.

  • Ghost Recon: Wildlands

You might think it odd to include one of Ubisoft’s major releases here, a game that stole the show at CES 2015 when it was unveiled. But on release, this tactical multiplayer shooter received mixed reviews, with the press commenting on the game’s repetitive missions and familiarity to other games in the Ubisoft canon. The early beta also received negative feedback from players, who slammed the game’s political stance, clichéd writing, endless collectibles and unrealistic vehicle controls.

  • Prey

On its release, Prey fell foul of the gaming press, which rightly focused on its negative aspects and was scored accordingly. This was largely down to review copies only being sent out 24 hours before it went on sale, so many reviewers were forced to rush through it and didn’t really experience the game as it should be played: slowly, cautiously, thoughtfully.

The enforced review schedule made people play Prey like a bad FPS when it’s actually a brilliant RPG — a shame for a game that took four years to develop. The title has since undergone a much-needed reappraisal, so if you thought you already knew about Prey… you don’t. Go grab a copy and find out for yourself. As far as cheap PC games go, this one is currently less than £20 online.

These are just seven of our favorite PC games from 2017 that now looks a bargain in 2018. There are undoubtedly more. Which overlooked gems would you recommend?

Conor McGregor on his Burger King Advertisement

Conor McGregor has taunted his rivals in a hilarious new advertisement filmed with fast food giants Burger King, Irish Mirror reports.

‘The Notorious’ tucks into a spicy chicken sandwich after saying that all the ‘chicken’ and ‘king’ talk has got him fired up. It appears to be a reference to fellow UFC star Khabib Nurmagomedov who has repeatedly called McGregor a ‘chicken’ in the past. And with the Dubliner recently confirming that he fully intends to return to the octagon, he seems ready to silence his doubters.

He captioned a link to the advertisement on Instagram:

“Forget Floyd, forget Nate, forget Khabib and forget Tony. I finally found a real contender who can bring the heat #Burgerking.” McGregor, joined by the character ‘The Burger King’, finishes the monologue by saying: “oh, by the way, thanks for all the trash talk guys, you just put Conor Junior through college.”

Meanwhile, McGregor has described Frankie Edgar as a “true fighter’s fighter” following his UFC 222 defeat to Brian Ortega. Ortega pulled off a shock by defeating ‘The Answer’ in the early hours of this morning, with McGregor sending a message to the defeated American afterward.

The Notorious had put his name forward to fight Edgar at the Las Vegas event, but his offer was rejected. He posted on Twitter: “Frankie’s career deserved for that to be against me tonight.

“Respect Frankie.

“Love and respect always!

“A true fighter’s fighter.”

The Dubliner’s comments come after Dana White confirmed he will be stripped of his lightweight belt. Tony Ferguson faces Khabib Nurmagomedov on April 7 and White says that will be for the belt.Kroger survey is the best place to reveal your feedback.

He told The Los Angeles Times:

“As soon as one punch is thrown, it’s on for the full title and it’s only fair.”They’ve both worked their way up to No. 1 and No. 2. They deserve a shot.”

Zombie Go Boom Advertisement update

A federal judge Wednesday dismissed a proposed class action against YouTube over the so-called “Adpocalypse” debacle.

The lawsuit was filed last October by the producers of the “Zombie Go Boom” YouTube channel, described by its creators as “a live-action zombie series that is essentially a combination of ‘Mythbusters’ and ‘The Walking Dead.’” It sought to represent a class of other filmmakers who were financially impacted by YouTube’s ad changes.

Represented by attorneys at the Law Offices of Todd M. Friedman in Los Angeles, the “Zombie Go Boom” producers alleged that their ad revenue dropped dramatically—from about $300 to $500 per day to $20 to $40 per day—after YouTube altered its AdSense algorithm.

U.S. District Judge Edward Chen of the Northern District of California, in an order granting YouTube’s motion to dismiss the case with prejudice, agreed with the company that its standard agreement with content providers gives YouTube full discretion about whether to display ads next to posted videos at all.

Chen also rejected arguments by the plaintiffs that those provisions in the contract should be declared invalid because they make the agreement “illusory” and breach the “implied covenant of good faith and fair dealing” under California law.

“While the implied covenant of good faith and fair dealing may be applied where contract terms are silent. Its application to contradict an express term of a contract is narrowly circumscribed,” Chen explained.

The judge’s order goes in-depth into case law touching on when the covenant can override a contract’s terms; papa survey is where you can voice out.

“Regardless of how YouTube exercised its discretionary power in determining whether to display advertisements under the partner program terms, the agreement … between Zombie and YouTube was supported by adequate independent consideration,” says Chen. “In particular, YouTube allowed Zombie to post videos on its forum free of charge in exchange for getting a license to its content,” he added according to The Recorder report.

Why it Still Makes Sense to Advertise Through the Traditional Mainstream Media

In the modern age of digital advertising platforms, it is easy to get the impression that traditional mainstream media doesn’t matter any more. After all, the digital advertising platforms tend to be very cost-effective, and they make very high degrees of ad customization possible. With such digital advertising platforms in place, who could possibly need the traditional mainstream media?

As it turns out though, the traditional mainstream media is still relevant, as a platform on which ads can be run. The main advantage that traditional mainstream media has is in terms of its wide reach: that is, the huge numbers of people it can reach simultaneously. Granted, the modern digital media can reach many people as well: but its weakness is in the fact that it doesn’t reach all those people simultaneously. That is why we even see e-commerce websites opting to run their ads on traditional mainstream media channels. Indeed, even an advertiser trying to create publicity for, say, the Corrlinks inmate email system may be inclined to advertise on traditional mainstream media channels. And that is in spite of the fact that the service being advertised in that case would be one that is primarily Internet-based.

You can get further compelling reasons on why it makes sense to advertise through traditional mainstream media from academic publications in the field of advertising. Thus, for instance, if you go to the website of the Harvard business school, specifically to the repository for academic publications, you are likely to find a good number of publications in support of the view that it still makes some sense to advertise in traditional mainstream media channels.

How to Tell Whether an Advertisement Has Been Effective

As a marketer who is running an advertising campaign, one of the key tasks that you are likely to have to tackle is that of telling whether or not any given advertisement (in the campaign) has been effective. It turns out that there are two dependable ways in which you can tell whether or not an advertisement has been effective.

The first way in which you can tell whether an advertisement has been effective is by carrying out a survey, where you just seek to establish from people whether they have noticed the advertisement in question. If an advertisement is not even being noticed, then you have a reason to doubt its effectiveness.

The second way in which you can tell whether an advertisement has been effective is by checking on your sales and revenues, to establish whether they have gone up as a consequence of the advertisement. This is actually the ultimate way to tell whether or not an advertisement has been effective: keeping in mind that, when all is said and done, people only invest in adverts in a bid to increase their sales and their revenues.

Should you find that, indeed, the sales revenues have gone up as a result of the ad, you can then take the analysis further: and try to understand whether the increase in revenues is commensurate with the investment made in the advertisements. This is all about looking at the business fundamentals: where you have to ensure that every investment brings about a sizeable return. And as many of the successful businesspeople who make it to the Forbes list will tell you, it is only by consistently and unwaveringly looking at business fundamentals that you can eventually succeed in trade.