How blockchain will impact digital signage advertising

Blockchain is a term that gets thrown around at almost every conference nowadays. Even restaurant conferences like the Restaurant Franchising and Innovation Summit did a session this year on what the blockchain is and how it will impact the restaurant industry. There are two reasons for all this talk: first, many people recognize the potential of blockchain and second very few people understand what it is.

Blockchain has the potential to transform a variety of industries, and that includes digital signage advertising. But first, we have to have a clear grasp on what blockchain is.

What is it?

Blockchain is a fancy word for a decentralized ledger. In other words, it is a database that is not centralized within one central location or organization but by multiple computers or organizations. It is a database that is governed by not one, but many actors.

Typically, blockchain has been used for cryptocurrencies because it can accurately and securely record transactions, without much chance of someone tampering with it. After all, if every computer on the blockchain network has access to the same record, any changes would be instantly noticeable.

The first blockchain was created by Satoshi Nakamoto, the anonymous creator of bitcoin, to securely record and process bitcoin transactions. Because of this, many discussions on blockchain will focus on the cryptocurrency bitcoin. However, the blockchain has grown beyond bitcoin to many different areas such as:

  • Smart contracts.
  • Cross-border payments.
  • Identity management.
  • Serving the financially underserved.

So, what does this all have to do with digital signage?

Transforming digital signage

 A decentralized ledger like blockchain can impact digital signage in many ways. First of all, it can help confirm impressions for digital signage advertisements. This kind of technology is already at work with the company VODXS.

This company created a point-of-bathroom sink display which plays advertisements when customers go up to wash their hands….

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