Ubex is a global decentralized advertising exchange companies advertise effectively

sambojacrypto (0)(1)in #bitcoin • 6 years ago

HALLO ALL, meet again with me who is always up to date with the cypto currency. I'm here to discuss a platform that can help us professionally in a project for advertising that is Ubex's global and decentralized advertisement exchange program.

what is UBEX?

The digital advertising market has been actively growing for the last 4 years; its size has exceeded the size of the television segment in 2017. This is a historic event for the advertising market. One of the most promising segments of digital advertising is programmatic advertisement, which shows an average annual growth rate of more than 23% against a 4% growth rate of non-programmatic segments. According to the forecasts of Magna Global, the market size of advertising software will reach $42 billion by 2020.

Nevertheless, despite these positive dynamics, the digital advertising market has many problems, including low targeting efficiency, non-transparent counterparty relationships and a high level of fraud. As a result, all sides of the relationship suffer - advertisers overpay for each client involved, publishers receive lesser rewards and consumers of advertising are dissatisfied with its quality. Ubex proposes to solve these problems by combining all the advantages of programmatic technologies, neural networks and smart contracts in a single system. Through this approach, Ubex provides a transition from the traditional pay-per-click scheme to the payment for targeted actions, which is the most fair and interesting model for all market participants. We present to you the Ubex project - a global, decentralized exchange of programmatic advertising based on neural networks and smart contracts. The mission of Ubex is to create a global advertising ecosystem with a high level of mutual trust and maximum efficiency. Advertisers can automatically purchase ad slots using the Ubex system. The programmatic system automatically chooses ad slots that have the highest probability (calculated via neural networks algorithms) to engage the target user. Procurement of advertising takes place in real time using programmatic technology on the basis of neural networks with the application of smart contracts. Neural networks contribute to the optimal distribution of the ads among available ad slots and the smart contracts eliminate risks for advertisers and publishers by providing more transparency.

OUR MISSION - To create a high global advertising ecosystem maximum level of reciprocity and efficiency.

The mission of UBEX consists of the following categories:

Automate the interaction of advertisers’ offers and publishers’ websites

Using neural networks and accumulated data, select the most relevant advertising content at any given moment in time to a particular user, maximizing the probability of obtaining desired results.

Significantly reduce commissions by removing the middlemen

Eliminate all indirect links between advertisers and publishers by applying smart contracts for all types of tracking, thereby increasing the economic efficiency of cooperation.

Create an opportunity for publishers to tokenize ad slots

Using all available statistics from advertising websites and participants within the exchange, provide a forecast of potential earnings and an opportunity to collect it in advance if the reputation is high enough.

Develop a multi-layered system of platform participant reputation rating

Implement a system of rating advertisers and publishers, which will be stored in the blockchain along with the full history of their operations, to prevent fraud and to enable a mechanism of dealing with the most trustworthy partners.

Advantages of Ubex in comparison with other advertising exchanges:

Neural networks maximize purchasing efficiency.

Neural networks, which process information about each visitor to the member networks’ websites, are at the heart of Ubex’s advertising purchasing algorithms. The neural networks evaluate the interests of users, calculate the likelihood of targeted actions for all advertiser offers, and choose the most suitable advertisement. Neural network are able to do it because of the track-record of the previous actions of users, and the statistical datasets provided by site-owners. All these inputs improve the ability of neural network to make better predictions. Thanks to this, member network website visitors see only those ads that are maximally 1. 6 confined to their interests, and which would convince them to fulfill the target action with maximum probability. Ubex algorithm also estimates the economic efficiency of displaying various advertising options to each particular user. Therefore Ubex maximizes the targeting of advertising and the economic efficiency for advertisers

Blockchain-based smart contracts minimize participants’ risks.

bex aims to solve the problem of low confidence in the purchase of digital advertising. Smart contracts allow for making the relationship of advertisers and publishers (owners of ad slots on sites) as transparent and fair as possible, as well as minimizing the risks for all parties. By applying such an approach, Ubex allows passage from the traditional pay per click scheme to the model of payment for targeted actions, the most fair and interesting model for advertisers. Our team consists of high-level professionals with extensive experience in areas of marketing, neural networks and blockchain. We perfectly know and understand all the advantages of these technologies, which we are able to apply effectively in order to achieve the maximum result in terms of advertisers’ budget efficiency and publishers ads revenues. The infrastructure developed by us will allow us to take the process of buying advertising and its economic efficiency to a new level.

Advantages of Ubex in comparison with other advertising exchanges:

Neural networks maximize purchasing efficiency:

At the heart of Ubex’s advertising purchasing algorithms lie neural networks that process information about each visitor to the member networks’ websites. The neural networksevaluate the interests of users, calculate the likelihood of targeted actions for all advertiser offers, and choose the most suitable advertisement.

Blockchain-based smart contracts minimize participants’ risks:

Ubex aims to solve the problem of low confidence in the purchase of digital advertising. Smart contracts allow for making the relationship of advertisers and publishers (owners of ad slots on sites) as transparent and fair as possible, as well as minimizing the risks for all parties.

The market
What is programmatic advertising? In plain English, it is buying real-time advertising on the basis of an auction. The concept of the software is definitely broader and includes limited auctions and direct sales of advertising as well. In general, programmatic advertising is a set of methods for purchasing advertisements on the internet using automated systems and algorithms to make decisions about a transaction without human participation based on socio-demographic and behavioral data about users available to both the platform and the advertiser.

Advertisers: problem and solution

Advertisers lose money on every attracted buyer because of the traditional approach to advertising purchases. In most cases, advertisers are forced to incur excessively high costs to attract buyers for three reasons:

Presence of brokers => high commissions (Effect on customer acquisition cost: ± 30%) There is no single instrument by which a large advertiser could easily filter out the most effective websites for their advertising and remain certain that their media budget for digital advertising would be spent efficiently. In addition, the budgetary policies of large companies often do not possess sufficient flexibility to allow employees to purchase advertising slots on various websites (which belong to different legal entities) in the volumes necessary.

Pay per click => Risk of fraud (Effect on customer acquisition cost: ± 30%) There are various models of payment for digital advertising. In most cases, advertisers are forced to accept the pay-per-click model, and thus carry the publisher’s risk of fraud. Despite its convenience for publishers, the pay-per-click model often creates incentives for fraud. Fraud, in its most basic form of explanation, is an imitation of the actions of real users, aimed at achieving KPIs set by the advertiser, thus inflating targeted actions artificially, and, as a result, obtaining higher payments for no concrete feedback at the expense of the advertiser. The amount of fraud in the programmatic segment has reached critical levels.

Weak algorithms => Inefficient targeting (Effect on customer acquisition cost: ± 20%) Current algorithms demonstrate advertising to users who do not constitute part of the target audience of the advertiser’s product. This reduces conversions to purchases, both with the pay-per-click model, and when paying for targeted actions (in the event that the targeted action is higher in the conversion funnel than the actual purchase)

Publishers: problem and solution Publishers are not getting enough revenue from their advertising slots because of a suboptimal sales system. There are several barriers that prevent publishers from maximizing revenue and contributing more funds in the growth of user engagement:

Low efficiency of purchasing algorithms => Suboptimal loads of advertising slots Even in the case of a high volume of high-quality user traffic, whose profile is ideal for certain advertisers, according to both socio-demographic parameters and interests, publishers may experience problems with loading ad slots. Such “gaps” in the effectiveness of current sites, allocated for the purchase and sale of advertising, arise because of the imperfect nature of algorithms designed for distributing offers among publishers’ advertising slots.

Inefficient targeting => Low number of targeted actions Due to the imperfections of the targeting algorithms available on the market, with some rare exceptions, advertisers are forced to adhere to the proverbial strategy of “shooting sparrows from cannons”, trying to reach their target audience with a certain margin to spare. In addition to the irrational use of advertising budgets, the reverse side of this approach is the immense amount of irrelevant advertising on publishers’ websites, which means that each ad slot attracts a relatively small number of targeted actions. In turn, the less targeted the ad slot attracts, the lower the publisher’s revenue via the COST PER ACTION payment model.

Lack of transparency on the part of advertisers => Problems of non-payment of advertising costs Three key risks exist for publishers when working on the basis of the COST PER ACTION model: (a) Shaving is the concealment, by the advertiser, of the fact of fulfillment of a targeted action by a user, attracted by advertising to the publisher’s website. (b) Failure to pay for advertising for verified targeted actions by both parties leads to court lawsuits on debt collection, which in itself is an expensive and laborious process for the publisher. (c) Late payment of advertising is more common than failure of payment in principle, but also detrimental to the financial performance of the publisher (increase in the volume of illiquid accounts receivable in assets to the detriment of additional working capital). The solution to the problem of shaving risks, non-payment for services or delays in payments for advertising by advertisers is achieved in Ubex through the application of three mechanisms based on blockchain technology: (i) Tracking. When connecting to the Ubex advertising exchange, advertisers and publishers install tracking services. It is possible to track user behavior at all stages of the conversion funnel with the help of such tracking services. (ii) The rating mechanism. A multi-level system of rating of counterparties on the Ubex advertising exchange takes into account all the transactions that system participants had ever concluded, the volume of these transactions, the timeliness of payments, as well as all complaints, claims and reviews following the results of fulfilled or canceled transactions. (iii) Escrow / factoring. Ubex solves the problem of late payments through the use of a crypto-financial platform allowing instant payments and verification of smart contracts on the one hand and keeping advertisers’ budgets in escrow on the other.