Blis Launches Blockchain Platform with Unilever as a Pilot Partner
Blis, the global pioneer in advanced location data technology, backed by Unilever, Endeit, and Beringea, announced a pilot platform to add transparency across the data ecosystem. Digital advertising commonly relies on disparate data sets to help identify audiences likely to buy products and services. Marketers increasingly face pressures to comply with data privacy regulations, understand where it came from, and to account for the performance of data relative to its costs.
Read More: Is GDPR Really Changing Ad Tech?
Currently, Blis provides proprietary technology and platform helps agencies and brands use location data to better understand consumer behavior, allowing for effective targeted advertising to drive business outcomes.
The platform is in response to these increased industry challenges around transparency and verification of data, including location and demographic data, and will run on the IBM Blockchain Platform.
Geographical data enables digital advertisers to create more targeted ads by identifying specific demographics and better understand consumer behavior. With this new platform, the source of the geographical data is written to the blockchain, providing advertisers and data providers with greater confidence in the provenance of the data, by giving them access to a transparent blockchain that is immutable and verified.
Blis Blockchain Platform is an Important Step Towards Transparency and Clarity in Data Provenance
The pilot partner on the platform, Unilever, will help evaluate and refine the service Blis can provide to advertisers and data providers moving forward.
At the time of this announcement, Luis Di Como, Executive VP, Global Media, Unilever Group, said, “Unilever are committed to partnering with organizations which create better digital infrastructure. This new capability is an important step towards transparency and clarity in data provenance and compliance across our global activity.”
“We’ve taken an innovative approach to track geographical data for digital advertising to solve a critical problem. Combining our deep expertise with blockchain technology will allow us to deliver a new solution that will address the growing trust, accountability and transparency needs that are pressing the advertising industry,” said Greg Isbister, CEO at Blis.
Clients will benefit from the new capability as they can transparently validate data provenance and understand individual providers GDPR compliance. Brands can analyze the data they are using by accessing the platform, which provides access to all data transactions, from individual apps to Wi-Fi data.
New Blockchain-based Integration Addresses Critical Concerns Related to Compliance with Data Regulations Globally
Blis has been exploring blockchain integration since last year to demonstrate their commitment to transparency. Coming off the heels of GDPR going into effect late last month, this integration addresses some of the concerns that companies have around compliance with data regulations globally.
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Blis’ technology filters and scales location data, giving advertisers access to the most accurate location events, location data, and unique devices. The data is then applied across the apps that matter most to their consumers for targeting based on rich insights. Clients are supported by our location experts or can work in an agnostic service model of their choice.