Lucidity Debuts Digital Advertising Blockchain Protocol

Apr 17, 2018


Lucidity announced the public launch of its marketing analytics protocol on the Ethereum blockchain. The company, which has been quietly building its solution since its founding in 2017, is focused on tackling the digital advertising industry's data discrepancy problems through a decentralized system that verifies a single, auditable set of data analytics for stakeholders. Lucidity opened a successful beta early in Q1, and says the protocol is already delivering results for its partners.

At a time when digital advertising is plagued by data discrepancies, billing inefficiencies, and billions in fraud each year, Lucidity has created a blockchain technology that verifies each marketing event to ensure ultimate accuracy, security, and consensus, allowing players in the ad ecosystem to transact more efficiently.

In establishing an immutable data source for campaign tracking, Lucidity also allows partners to tap into solutions or apps built on the Lucidity protocol such as fraud prevention, fee transparency, and more.

Lucidity will be inviting additional partners to augment its protocol. Existing private beta campaigns will also be expanded with select advertisers and DSPs. Lucidity is the only blockchain-based solution to date that doesn't require partners to undergo major technical integrations or change their current workflows. Clients simply install a tracker.

Additionally, Lucidity is amongst the first companies in the world to successfully implement Plasma, a side-chain processing solution to solve for Ethereum's scaling and speed issues, Lucidity is built for the modern programmatic advertising landscape. Lucidity can process millions of transactions per second to assure campaign metrics are verified quickly and efficiently.

For advertisers, Lucidity's blockchain-based solution provides a unified set of data--free of discrepancies and fraud--that can be used to gauge effectiveness. For publishers, Lucidity helps them own their identity and transparently prove the value of their inventory. The end result is a protocol that resolves data discrepancies, making billing faster and performance reports more accurate.

Lucidity is a member of the IAB Tech Lab's Blockchain Working Group, the Enterprise Ethereum Association, and Hyperledger.