By A Correspondent

Mindshare has reported success in providing seamless end-to-end reconciliation of the programmatic supply chain using blockchain for PepsiCo in partnership with Zilliqa Research, Rubicon Project, MediaMath and Integral Ad Science.

The test ran in March 2019 in Asia Pacific with control versus test budget to measure its benefits. Mindshare, notes a communique, observed up to 28 per cent increased efficiency in terms of costs for viewable impressions, in running the campaign through smart contracts, versus one without.

Said Gowthaman Ragothaman, Global Lead for blockchain across GroupM: “The impact on marketing budgets and the performance brings great value to the advertiser. We will expand the alliance and keep developing more features on the smart contracts to include more media performance metrics to make it even more effective.”

Commenting on the results, Farida Shakhshir, Director of Consumer Engagement for PepsiCo AMENA said: “We are happy to be partnering with Mindshare to test the application and value add of blockchain in media. It is key that we stay abreast of new technologies, and continue to advance transparency, viewability, brand safety and buying efficiency. The results are encouraging, and we plan to run a few more campaigns under different conditions to verify more hypotheses and measure overall impact.”

Added Erich Wasserman, co-founder and head of strategic business development at MediaMath: “We are delighted by this partnership as it matures solutions that further the promises of transparency and performance in programmatic marketing. We look forward to growing the addressable data and media supply chain that can take full advantage of the powerful optimization tools that buy-side platforms afford advertisers.”

Said Max Kantelia, Co-Founder of Zilliqa Research: “We are proud to work with Mindshare and other leaders and influencers within the global media landscape. This alliance illustrates the power of smart contracts and serves as a reminder that blockchain can drive business benefits to industries beyond just finance. As Project Proton unfolds, we eagerly await to assess its impact and how we could – along with Mindshare’s expertise and insights – develop it on our scalable and secure platform.”