Toyota uses Blockchain for its digital ad campaigns
Lucidity, the blockchain advertising analytics company, announced its partnership with Toyota and agency Saatchi & Saatchi to introduce transparency into Toyota’s digital ad campaign buy and eliminate wasted spend. Through the Lucidity-optimized campaign, Toyota saw a 21% lift in performance – even after optimizations from industry leading fraud and viewability solutions.
The automotive industry is one of the most heavily advertised in the world, with an estimated nearly $15 billion market size for automotive digital advertising in the U.S. alone in 2018, yet this is the first blockchain powered campaign to date. The performance was calculated by comparing non-optimized placements versus Lucidity’s optimized placements with the goal of driving conversions to quality site visits.
Lucidity provides auditable data across all parties in the supply chain and ensures that advertising standards are being enforced. For example, Lucidity’s platform can identify data discrepancies that arise from suspicious activity like domain spoofing, bot traffic, and even auction games like bid caching. In the Toyota campaign, Lucidity was able to blacklist sites and apps with high levels of impression and click discrepancy in order to shift budget to higher performing sites and eliminate wasted spend.
“Before today, there was no way to verify with confidence what’s happening behind the scenes in a programmatic buy,” said Nancy Inouye, National Marketing Communications Manager at Toyota. “We’ve had our eyes on blockchain innovation for a long time, but didn’t have a workable blockchain solution to implement until now. We’re excited to be running live, in-market campaigns with Lucidity.”
In the partnership, Lucidity’s unique analytics offering compared and optimized, blockchain-confirmed data across the programmatic supply chain. Unlike existing solutions, Lucidity moves beyond probabilistic models to provide deterministic data at the log level for deeper optimization against impression and click discrepancies, a major differentiator and driver of campaign lift versus using probabilistic existing solutions alone.
“Even with high standards of anti-fraud and viewability filters already built in, Lucidity was able to deliver significant value-add by further optimizing the campaign,” said Tom Scott, Media Director at Saatchi & Saatchi. “The ability to have access to a transparent, clean set of data from across the programmatic supply chain is game-changing. We’re empowered to take action, and this is the first time we’ve been able to use blockchain technology to eliminate waste and optimize our ad buy in this way.”