J 2022

Blockchain Implications for Marketing; A Review and an Empirical Analysis

AL-AHWAL, Taher Mohammed Sarh, Dušan MLADENOVIĆ and Ahad ZARERAVASAN

Basic information

Original name

Blockchain Implications for Marketing; A Review and an Empirical Analysis

Authors

AL-AHWAL, Taher Mohammed Sarh, Dušan MLADENOVIĆ and Ahad ZARERAVASAN

Edition

Journal of Information Technology Management, Iran, University of Tehran, 2022, 2008-5893

Other information

Language

English

Type of outcome

Article in a journal

Country of publisher

Islamic Republic of Iran

Confidentiality degree

is not subject to a state or trade secret

References:

Organization

Ekonomicko-správní fakulta – Repository – Repository

EID Scopus

999

Keywords in English

Blockchain; decentralization; disintermediation; immutability; marketing
Changed: 19/1/2024 03:19, RNDr. Daniel Jakubík

Abstract

V originále

Blockchain technology was initially implemented for cryptocurrencies in 2009, but it caught the undivided attention of multiple industries such as finance, supply chain management, healthcare, and governments. This research was set out to investigate and evaluate six benefits of blockchain for marketing: fostering disintermediation, combating click fraud, reinforcing trust and transparency, enhancing privacy protection, empowering digital marketing security, and enabling creative loyalty programs. An empirical study in the form of an online survey was conducted to examine the realization of benefits in practice. The research concluded that blockchain does indeed provide promising benefits for marketing, but that depends on whether marketers use public (permissioned) blockchain or private (permissioned) blockchain, and also the ability of the blockchain community to resolve fundamental challenges and pending issues such as scalability, speed, interoperability, and privacy, besides several many others.

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