Blockchain technology is it changing affiliate marketing a gas is a form of matter that


Since the bitcoin market is getting saturated, numerous “knock-off” currencies are cropping up, called alt-coins (alternative bitcoins) with varying success, and often unfounded hope by the buyers that they might replicate the financial success of the bitcoin pioneers. Where do bitcoins come from?

This means that if you want to hack any of the blocks to get to the information that you might be looking for, you would need to decrypt EVERY block that is chained after the block in question, all while trying to break some of the most complicated encryption that is constantly verified by a huge number of independent computers.

For example, Ethereum, one of the biggest cryptocurrency names – along with bitcoin – is built on its own custom blockchain specifically designed for smart-contracts (the bitcoin blockchain doesn’t have this feature at the moment) and it has its own coin, called Ether.

With the rise of renewable and decentralized energy generation, blockchain could be used to guarantee that the selling and buying of electricity is error-free and that every household that produces electricity gets an appropriate amount of money for all the electricity they put into the power grid.

In addition, since the Internet of Things (IoT) has become a real thing, one of the biggest concerns is the array of potential security issues that could range from a nuisance of someone remotely operating your printer and printing memes all day, to outright dangerous crimes, if someone was to hack into your car.

Typically, you’d use a tracking pixel for this purpose, where you’d embed Javascript code into an invisible pixel right next to the ad (or referral) link that allows the advertiser to know which publishers are responsible for their customers, so they can make appropriate payouts.

This communication is far from perfect, and it can be manipulated, hacked, and abused. For one, all the information is stored in a central location, such as a server of the affiliate program, making it vulnerable to hacking, human error, and equipment malfunction.

When blockchain is used, this is impossible, as all the information is stored on all the computers in the network that communicate between each other. In addition, you can use smart contracts to make sure that all tracking is 100% accurate and fraud is avoided.

You can easily use a smart contract instead of a tracking pixel – every time someone clicks on the referral link, a smart contract is created with a unique id of that specific visitor, with the timestamp and the activity in question. This information would be available to both the advertiser and the publisher, and it couldn’t be manipulated in any way.

Ad verification and auditing could work in a similar way. Instead of using an auditing company, which are usually pretty costly, an advertiser could pull an ad from the server and run it through blockchain to check it for any tampering and verify that there are no irregularities (non-live browser seeing an ad, suspicious visitor behavior, and so on).

Since Supply-Side Platforms allow the buying and bidding of individual impressions in real-time, parametric smart contracts could really simplify the whole transaction, while allowing you to track and store every single transaction. Can affiliate marketing be done in the blockchain/cryptocurrency niche?

In addition, there are very few established affiliate programs in this niche, so getting into it takes a bit of advanced knowledge at best, and can be a financial disaster at worst, if the affiliate program you join, or the currency you support turns out to be a dud.