Blockchain Technology and Digital Platform Payments: A Primer

One of the major applications that blockchain technology has promised since its inception is secure digital transactions. This is the fundamental basis of virtually all cryptocurrencies and remains the absolute largest reason why people develop and implement blockchain into their organizations.

Because of this, digital platforms like Pinmo, which use online payments for their business structure are taking a huge interest in this extremely useful part of blockchain functionality. Yes, the traditional model for payments between different platforms and their users and clients is still largely based on fiat financial protocols but the promise of blockchain security with decentralized, open-source cryptocurrency payments holds a tremendous amount of appeal. The motives for this are numerous.

Before we get to those motives, we first need to give a basic breakdown of how the mechanism of a blockchain works:

Instead of a single centralized mechanism for managing payments and recording information that accurately decides specific payouts, blockchain technology offers a mechanism by which all transactions (these could be exchanges of any kind of information but here we’re focusing on payment-related information) are recorded in sequential form inside all the different nodes across a distributed ledger network. A single transaction or sequence of transactions makes up what is called a block and each block is identified with a cryptographic hash function (a sort of tamper-proof mathematical identifier).

That block is then validated into the existing sequence of blocks and their own hash identifiers as a sequential addition to those before it. It is then distributed through the entire particular blockchain network being used by a given platform. Because of this sequential cryptographic validation process and its distribution through an entire network. Each transaction in the chain can be verified by date, details and other factors without being in any way falsifiable. This is literally why this powerful technology is called the blockchain, because it’s a chain of cryptographically distinct blocks that immutably connect together.

Once you understand these basics, the fundamental usability of the blockchain for secure digital payment management becomes clearer. Let’s look at Pinmo as an example:

In the case of the Pinmo platform, the distributed ledger infrastructure of blockchain technology is used for two different but related things: First of all it’s applied to the creation and validation of Pinmo’s own cryptocurrency, the Pinmo token. This token is used to pay users of Pinmo for their social media sharing.

Secondly, these blockchain blocks are also used to cryptographically record all social media ad campaign activity performed by these Pinmo users so that their activity can be measured and the users accurately paid from advertiser campaign budgets.  By the same stroke, advertisers who use Pinmo can analyze the blockchain used by the platform to verify that their ads are being shared by users, how they’re being shared and how they’re converting as well.

In other words, in the case of this particular platform, blockchain technology is used not only to deliver secure cryptocurrency payments to users and handle advertiser marketing budgets, it’s also one of the tools used to track all of the performance metrics that are relevant to payments.

The Pinmo token used for these digital payments and the ad activity verification described are both based off the same open-source blockchain architecture, which has been custom implemented for the platform’s ad campaign management, token distribution and social sharing needs.

Similar digital payments protocols exist in many other types of online applications and platforms due to the sheer security and flexibility of the blockchain. Because this technology is essentially tamper-proof for recording digital payment data, it also delivers a fantastically secure analytics tracking tool that feeds back into the payment tracking aspects of the same block creation protocol.

How Pinmo Will Utilize Blockchain to Revolutionize the Advertising Industry

Pinmo’s single most innovative solution for effective digital advertising is the integration of blockchain technology into the platform itself. This implementation benefits both advertisers and Pinmo’s own base of ad-sharing users in several important ways that revolutionize how effectively advertising is targeted at willing users. The Pinmo blockchain also lets users avoid the massive pitfalls of click fraud and poor transparency that plague so much modern social media marketing.

In most of today’s social media advertising landscape, a large percentage of advertiser spending is simply lost to clicks from bots and fake social network accounts. This is fraudulent activity that costs advertisers money on ad campaigns without delivering any ROI whatsoever. The social networks themselves have done little to fix this problem or improve transparency to advertising campaigns.

In other words, while advertisers do get to see analytics for their ads, they still lose money to fraud and lack the ability to deeply monitor just how their advertising was shared, when it was shared, by whom and how well each shared advertisement performed in real time. The result is a social media advertising industry in which marketers pay excessively for hazy analytics and potentially low ROI.

Pinmo’s approach to social media marketing incorporates blockchain technology into social network marketing in a way that mostly eliminates the above problems and gives advertisers complete oversight of just how much ROI they’re getting for their budget. This results in better performing ads, higher business revenues and much more profitable returns for each dollar spent on advertising.

How Pinmo Uses the Blockchain

Pinmo developed its primary advertising platform business model in 2017 with only fiat money (dollars) as the currency of choice, with over $1 million in revenue and numerous client relationships. This highly successful growth period also involved the use of extremely precise ad campaign analytics through IBM Watson’s AI supercomputer as a back-end management tool for client social ad campaign tracking.

Now, in 2018, Pinmo has taken this already-established and proven approach to the next step by combining it with blockchain technology to turn itself into what is called a DApp (Distributed application) to boost ad campaign security, campaign transparency (which applies to the platform as a whole for all users), and for the handling of user and advertiser payments through Pinmo’s own cryptocurrency, the Pinmo token and other coins.

First of all, at its core, a blockchain is a more sophisticated, transparent and secure way of sharing and storing information transactions. With blockchain technology such as that now being used by Pinmo, instead of being centrally recorded, these transactions are spread and replicated in real time across a distributed networked ledger of nodes (computers, servers or other digital data storage points). Each of these transactions must then be validated through a cryptographic signature process that is almost unbreakably secure and provides each new transaction with a unique time-stamped mathematical signature of its own.

Pinmo’s social media marketing platform is decentralized, making it a perfect fit for the use of this blockchain technology. What Pinmo does is allow advertisers to set up campaigns in which they deliver advertising content, links and other branded information to a large and growing pool of incentivized users, who then share this content to their own followers on their own social network accounts with the major social networks.

Ads by advertisers are paired with their ideal audience of sharing users based on how Pinmo and its advertising clients have optimized the content for user compatibility. The users have a distinct incentive to share ads and other materials because each time they do this on an advertiser’s behalf, they’re compensated by Pinmo based off a track record of their performance at sharing content and getting others to respond to ad content with converting actions.

The blockchain aspect of this decentralized advertiser/incentivized user comes into play across several points in the above process:

Completely Transparent Activity Tracking

First and most importantly, all advertisement sharing actions by users and social media conversions that result from them are tracked as “transaction” data points on Pinmo’s own integrated blockchain network. These transactions can then be followed by both users who created them by sharing advertising materials and by advertisers as they run their own ad campaigns with user participation.

Because the Pinmo Blockchain is transparent and cryptographically secure, every share by a user is logged and trackable in a way that can’t be falsified or modified after it’s happened. This means that users can keep track of exactly how well they’re performing for the sake of payment. It also means that advertisers can track exactly how well their ads are performing and where they’re being shared in real time.

Fraud Protection

Secondly and just as importantly, Pinmo carefully filters all of its users to make sure that they’re real people with real social media followers instead of simple bots. On top of this, the blockchain tracks all ad sharing activity in sequence on a per-user basis. As a result, advertisers get an unprecedented ability to track the exact movement and performance of their ads in a way that makes digital advertising fraud extremely unlikely. In other words, Pinmo’s use of blockchain technology also fights ad fraud in a way that virtually no other typical social media advertising platform delivers.

Payments Processing

The third major way in which Pinmo uses the blockchain is for payments themselves. Users on the Pinmo DApp can be paid by Pinmo tokens, which have been created as part of the same blockchain network that records advertising and sharing actions. Marketers who use Pinmo can pay for their campaigns through the same token while also being able to invest in a process called Proof of Stake (PoS), lets them gain access to additional campaign management tools if they buy 5000 or more Pinmo coins. It’s extremely important to note here that the Pinmo token itself is fully convertible to fiat money (again, dollars) and that it can be exchanged for other high-value cryptocurrencies such as Bitcoin or Ether on third party exchanges.

Pinmo also accepts payments for users and from marketers via two other crypto tokens. These currently include publicly traded cryptocurrencies like Nebulas and Elastos, with other tokens coming in the near future.

The Technical Details Behind Pinmo’s Blockchain

On the more technical side regarding Pinmo’s blockchain, Pinmo happens to be the first DApp that offers a cross-blockchain solution for advertising campaign management. The platform does this by implementing its main ledger and advertisers’ portal on the Ethereum blockchain while delivering its front-end user interface from inside the Pinmo DApp via other core chains like Nebulas, Elastos and Steem. Pinmo also works with these same third-party public chain partners for the creation of Node DApps that join together into a broader distributed traffic sharing community in which the same fundamental benefits of blockchain technology we already described are applied.

In other words, users of Nebulas, Elastos or Steem (and eventually others) will be able to work with Pinmo’s services through their pre-existing tokens or even use Pinmo to create their own tokenized traffic solutions. Pinmo itself will act as an entry-way for a broader cross-chain environment in which a traffic circle among merchants and other blockchain solutions are created.

Conclusion: What Pinmo’s Blockchain Approach Means for Clients

Pinmo integrates blockchain infrastructure to its already unique social media advertising strategy for levels of tracking and analytics reliability that aren’t available from any other advertising platforms. Advertisers can watch the exact performance of their ads nearly in real time as they’re shared by Pinmo’s users, and know exactly how much return they’re getting for each of them. Users of Pinmo get the same level of security for that they’ll be rewarded accurately for their own activity. Pinmo’s blockchain backbone promises to keep delivering these levels of transparency and trust for both no matter how much the platform scales up in size with its broader cross-chain partners.

How Pinmo Uses Blockchain and AI to Eliminate Bots & Fake Account Losses

In 2017 alone, online marketers lost over $7 billion to bot fraud and fake account-related advertising. A large part of these losses were attributable to website advertising and search ads but a not insignificant percentage belonged to the social media landscape. Clearly this isn’t a minor or uncommon problem. The big question that everyone from social media platforms on down focuses on is how to fight it.

As far as the social media platforms themselves are concerned, there are even accusations that giants like Facebook, Instagram, Google and others deliberately don’t do enough to deal with these advertising fraud issues because they earn money either way. While we tend to believe that the social networks are doing their earnest best to keep their advertising customers from suffering the harm caused by ad fraud, the fact remains that real economic losses are being generated, and that the efforts of these networks aren’t fully effective at stopping fraud losses.

It’s understandable that fraud continues to exist. The sheer number of social media user accounts on the big networks combined with inefficient methods of catching fake accounts and bots create a situation in which at least a part of any advertisers spending gets wasted on exposure to fake activity they still get billed for.

Exacerbating the difficulties social media has with fake ad filtering is the fact that some of the agents behind these types of ad fraud on today’s internet can become extremely sophisticated. This was demonstrated in 2016 when advertising security firms detected an ad fraud bot called Methbot, operated by a group of Russian hackers who had dubbed themselves AFK13. The scale of this one single operation? Traffic from over 570,000 fake viewers was directed to over 300 million advertisements to generate fake clicks. Because these were mostly video ads being promoted to falsified versions of major websites, the CPM on them averaged out at $13.04. This was a cost billed straight to online advertisers in a fraud that netted the hackers behind Methbot roughly $5 million dollars per day while it was operating.

Methbot was very smartly designed in a way that let it mimic real human users to a remarkable degree of detail. Existing ad platform mechanisms, both algorithmic and manual that analyze ad sharing and clicking activity for their customers could have a very difficult time detecting click fraud of such a sophisticated nature. Yet this type of activity continues to exist.

This is where the combination of technologies used by a digital marketing platform like Pinmo steps into the picture.

Pinmo also uses AI analytics and other security mechanisms like 2-factor authentication to verify that all of the users participating in the sharing of its clients’ digital advertisements are indeed real human users. However, since these tracking mechanisms clearly aren’t enough all by themselves. The Pinmo approach to ad fraud elimination also incorporates an entirely new and much more subversion-proof level of vigilance through blockchain technology.

The blockchain is a cornerstone of Pinmo’s efforts to deliver almost perfectly secure, fully authentic advertising performance for customers who want genuine ROI on their investments. How it works is what sets it apart from the methods used even by giant social media platforms in their own anti-fraud, anti-bot measures.

What the blockchain fundamentally does is allow all users and administrators of a network in which information is being transacted to verify each one of those transactions and source it back to a specific, known point of origin. Thus, in the case of the Pinmo platform, ad campaigns are created by advertisers through the AI-supported Pinmo dashboard for their accounts, these campaigns are then also optimized by Pinmo’s manual and algorithmic campaign support protocols. The specific ads in these campaigns are then shared to particular incentivized human social media users based on their interests, and those human users in turn share these ads as they see fit to their friends and followers for maximum reach and conversion.

With this, three different factors work together to ensure that each ad is being shared by real users through real social media accounts to other real users:

First, Pinmo’s own Watson-powered user verification procedures and two-factor authentication are working to filter a base of real people who are being compensated to share Pinmo ad campaigns on their social media accounts.

Secondly, these shares by users and the converting actions they generate are verified for their authenticity through Pinmo’s system, which is itself supported by IBM’s Watson supercomputer for maximum verification and processing power

Third and most importantly in this entire context, the entire sequential process of ad campaign creation, ad sharing to users, ad selection and sharing by users and advertisement response (clicks and converting actions) by friends and followers of those users are all tracked as transactions in Pinmo’s own decentralized blockchain network.

What this last characteristic means most of all is that users, advertisers and Pinmo’s own administrators can track the performance of each ad not just as an abstract analytics statistic but also as a specific series of cryptographically secured blockchain transactions which are all sequentially registered across a distributed ledger of events and cannot be falsified. These blocks can be individually reviewed live, as they’re created by advertisers who want to examine their own analytics down to the most granular possible level.

The full combination of AI ad optimization technology, manual verification of all user activity, shares and clicks, and sequential blockchain tracking of all transactions works to create an advertising environment in which fraudulent click activity through bots and fake user accounts become much more difficult to get away with.

How Blockchain Technology Can Validate Ad Campaign Metrics

One of the fundamental requirements of ad campaigns is effective analytics. You, as a marketer, want to know precisely how your ads are being displayed, where they’re being shown, how they’re converting and how accurately these metrics are all being tracked. These needs only increase in importance as a given ad campaign becomes more complex.

There is, however, a fundamental problem to how these performance analytics have been tracked up to now: A lack of complete transparency. Yes, social or search advertising platforms like Facebook, Google, Twitter and others, as well as numerous small ad management services, have both human and algorithmic systems in place to handle this problem to deliver varying degrees of analytics precision, but they all suffer from ambiguity gaps. In other words, while you can have ad campaign metrics for performance delivered to you in detailed reports, full transparency for verifying the progression of actions that led to them step-by-step is largely out of bounds.

This is where blockchain technology such as that used by Pinmo steps into the picture in a distinctly innovative way. In order to explain how it does this, let’s take a quick look at how a basic blockchain works first.

In essence, a blockchain is a distributed ledger of sequential transactions (these transactions being events of any kind in which information is recorded and exchanged). The different nodes, or computers, across which the ledger transactions are distributed all represent parts of that particular blockchain’s network. Every time a transaction happens within a blockchain, it is spread among all these nodes and has to be cryptographically validated by a majority of them through a sort of automatic consensus mechanism that stamps the transaction as a legitimate event in said blockchain’s sequence.

When this happens, the transactions being validated are added as new cryptographically stamped “blocks” in the sequential chain of all previous validated transactions. This chain of blocks is spread across the entire distributed network ledger for the sake of additional security through decentralization. The whole thing in its totality is what we now call a blockchain. Since each transaction block comes sequentially after previous blocks and attaches to them by a cryptographically unique mathematical hash process, the sequential integrity and origins of any given block are absolutely secure.

This in turn assures anybody who looks at the whole blockchain that the timeline of transactions contained in each block represents completely validated and real events inside the platform that the chain is being run on. Because most blockchains are completely open for detailed examination, anybody can examine every sequence of activity inside each block in minute detail to verify its legitimacy.

This description of the blockchain is of course very basic. Plenty of additional and highly detailed mathematical processes work behind the scenes to make a blockchain function as it should. However, these basics alone are enough to make it obvious how this technology can be helpful to the validation of online advertising metrics.

Basically, by making each possible piece of activity in an ad campaign –be it the creation of an ad, its sharing by someone else, a converting click on that ad by another person and so forth—into a mathematically “tagged” transaction inside some sort of customized blockchain ledger, an advertising platform like Pinmo can deliver perfect campaign tracking.

In other words, with blockchain integration of ad campaign activity at its most granular level, Pinmo or any other ad platform that does the same thing can deliver not only overall ad campaign analytics, it can also let an advertising client examine the blocks for their ads for themselves. By being able to do this, the advertiser can see the exact process of actions by the ad platform and third parties that made any given advertisement perform poorly or well. The level of analytics this delivers is far more detailed than has been the case with conventional ad campaign analytics up to now.

What Is the Blockchain? A Beginner’s Guide

Pinmo is starting to use blockchain technology as a key part of its transaction verification and payment processing infrastructure, so obviously our content will involve the word “blockchain” and other key terms related to it. But what if you’re a complete newbie to the world of cryptocurrencies and the only

Well, this basic introductory guide is for you. We’re going to lay out exactly what blockchain technology is at its most basic, how it applies to cryptocurrencies like Bitcoin (and others) and why it’s so important for other things like business and digital transactions.

The Basics

The word “blockchain” itself describes the essence of what a blockchain is. In digitally metaphorical terms, it’s a chain of information bundles called blocks, each of them tied to previous and successive blocks by something called a hash. Each block contains a sequence of digital information (also known as transactions) that has been encoded in such a way so that it’s condensed into a sequence of mathematically generated cryptographic characters called a hash. This hash terminates that block and carries over into the next block in a way that creates a chain of connections between all blocks in a blockchain. In other words, a blockchain is a cryptographically segmented ledger of information.

To clarify this further, if Block 1 in a blockchain contains transactions A, B, C, and D, then its hash could be abcd1. Then when block 2 is generated, with transactions E,F,G,H, the hash from block 2 would be created for EFGH but with the summary from Block 1 included as well, thus creating a hash that looks like this:

Previous block hash: ABCD1

Block 2: EFGH2.

(These are just basic examples, real hashes are much more complex).

How Blockchains Create Security

Now comes a second important part to the power of a blockchain: As you can see with the above, each new block contains its own hash of all transactions in that block and a summary of the previous block’s hash. This means that somebody trying to tamper with Block 1 might be able to change its hash but the original authentic hash summary of it in Block 2 will still be registered there, making the falsification of Block 1 obvious. This is a crucial cryptographic security feature of the blockchain.

However, you might ask what happens if someone just tampers with the first block and then also changes all successive blocks to reflect the fraud? Well, this is where a second huge security feature of the blockchain comes into play: The data contained in these blocks and in the blockchain as a whole, is not just stored on one server or computer. Instead, it’s copied across a whole network of other computers, called “nodes”. Thus if anyone modifies a whole sequence of blocks on one computer or even multiple computers, the majority of blocks will still register the original transaction hashes for each block and what that majority shows will be what’s valid. This last aspect of the blockchain is what turns it from simply being a cryptographically secured ledger of information and converts it into a DISTRIBUTED cryptographically secured ledger of information.

This combination of sequential cryptographic hashing between blocks and distribution across a network of nodes is the basic thing that makes blockchains immutable and highly secure for securing information that can’t be tampered with.

Blockchain Types

There are of course many blockchain types in existence today and they all have their variations. However, the essential design described above applies to most of them and definitely to the important ones that would be used for public financial transactions or record keeping.

These commercially used blockchains can be divided into two basic user configurations: Public blockchains, and permissioned blockchains. A public blockchain would be something like the one behind Bitcoin or Ether tokens – anyone can download it, anyone can examine it and anyone can generate new blocks for them (as long as they have the right computing hardware to do so). A permissioned blockchain would be one in which only certified users with permission can access it to read blocks or generate new transactions and blocks.

One other fundamental part of any blockchain is the concept of digital identity. Each user on the chain, generating blocks of transactions, has their own unique digital signature for the transactions they’re responsible for. These are also encoded into individual blocks of transactions and a crucial ingredient to verifying which transactions belong to which person or entity inside a given blockchain. In a closed chain such as that used by a business to handle payments and information transactions for its users and clients, these identities are what allow all users to see who did what and when they did it. The “what” in this case could consist of specific transactions, specific activities or payments in digital tokens.

Blockchains for Everything

On a final note for the basics of how a blockchain works, we need to mention that the word “transaction” as we’ve described so far could consist of any sort of digital information. This means a blockchain could be used to store and transfer almost anything digital at all. These pieces of information could include information about activities, digital currency (cryptocurrency like Bitcoin) ownership records or records of ownership for any other sort of digital asset.

In other words “transaction” simply refers to information being exchanged across the blockchain and noted down in its blocks. A company or organization that uses a blockchain could use it for any kind of information at all. Some blockchains can be used for multiple things at the same time. One example of this is the Ethereum Network, which can host a third party’s code so they don’t need to build their own blockchain from scratch. Through this Ethereum-based blockchain, a company can create its own cryptocurrency for internal use and also track user/client activities of any kind on the same chain across their own network of nodes.

Is Social Media A Disruptive Technology?

Disruptive or Innovative?

Let’s face it. The world we know today is completely different than the one we knew 20, 10, and even 5 years ago. Everything is constantly changing – society, norms, technology, styles, inventions, and more. You name it, it’s changing. In fact, some dynamics are changing so radically that it’s considered to be disruptive. In this blog, we’ll discuss disruptive technology and a prime example of one that we all religiously use (you may even be using it right now!)

But before we jump the gun, you might be wondering, what is disruptive technology? It sounds pretty hazardous and harmful … but it’s not (unless you’re the technology being disrupted heh heh).

At its core, disruptive technologies are any enhanced or completely new technologies that replace and disrupt (hence, the name) an existing technology, rendering it obsolete. Disruptive technologies significantly alter the way businesses or entire industries operate and are so impactful and innovative that they force companies to change the way they approach their business if they still want to be relevant. These technologies go so far as to completely alter the way we work, live, think, and behave.

If the idea of disruptive technology is still unclear, let me set some examples. In the past, DVRs were the disruptive technology for VHS recorders (although some of you may be too young to even know what VHS recorders are), PCs were the disruptive technology for typewriters and mainframe computers, and laptops were the disruptive technology for desktop PCs. All of these disrupted technologies are now obsolete and no longer in mainstream use.

Social Media as a Disruptive Technology

A prime example of a disruptive technology that you use every day is social media (surprise, surprise). As you probably already know by now, social media platforms facilitate social interaction and information sharing by allowing you to communicate with your networks and share content. For some, social networking has replaced e-mail, texting, and phone and face-to-face interaction – which shouldn’t come as a surprise.

Think about it. How often do you call your friends on the phone anymore? If you do, how often do you call your friends vs. how often are you on social media? Do you still text or use Facebook Messenger instead? Do you still email your friends or use WhatsApp to send files? Do you still email photos or just post them on Facebook or Instagram?

Because we know how permeating social media is, we’ve decided to build a marketing platform with social media embedded in its foundation. On Pinmo, your customers can take advantage of what they love to do on social media – share! Pinmo allows them to be able to share YOUR brand content among their online connections so that your message gets dispersed to the right demographic you’re targeting and by people they trust. For more information on Pinmo click here! Now back to the subject matter at hand!

The Age of Digital Darwinism

Today is the age of digital Darwinism where technology and society are evolving faster than businesses can naturally adapt – charging behind a mantra of “adapt or die.” Businesses that are unable to keep up with the changes technologies are undergoing will experience a painful death that could be extremely difficult to resurface from.

Any and all companies need to keep up to date with the latest innovations or risk becoming more obsolete than PDA phones (if you don’t know what those are, then you really understand the perils of becoming obsolete). Today, that means ensuring your business has a solid social media marketing strategy and is using the power of social media effectively – or you could risk becoming as extinct as a woolly mammoth.

For the future, take caution to recognize upcoming disruptive technologies that could critically impact your business. What will be the disruptive technology replacing social media? Only time will tell.

How Pinmo Uses Blockchain Technology

One of the fundamental value propositions of the Pinmo platform is an organic advertising system designed to be user-friendly while delivering concrete results. This principle applies to our growing body of incentivized social media users and just as importantly, to our social media marketing clients

To pull these things off, Pinmo needs to ensure maximum tracking and security for all the transactions both incentivized users and marketers handle within the platform. This is where blockchain technology comes into the picture. It’s being developed into the bedrock of the Pinmo social media advertising system and it lets the platform deliver levels of performance that no other advertising solution can easily match.

What is the Pinmo Blockchain?

In simple terms, Pinmo uses a customized version of an open source blockchain ledger infrastructure. The Pinmo implementation of Blockchain is still being developed further and refined but in essence, like all blockchains, it allows the platform to track information being transacted on a minute, cryptographically secure and sequential basis. In terms more specific to Pinmo itself, this means that both incentivized user activities and marketer advertising campaign activity can be tracked almost perfectly.

Because this is tracking being done through tested, open-source blockchain technology, every share, conversion, and click generated by users are recorded in a way that can’t be falsified or edited. This happens for each user on the Pinmo platform and the information is used to precisely tie user sharing activity to specific marketer ad campaigns for performance analysis and payments.

How The Pinmo Blockchain Works for Users and Marketers

The most crucial thing about the blockchain implementation being developed by Pinmo is that its transactions -or blocks- are cryptographically distributed across the entire Pinmo network itself. This is done in a sequential, cryptographically secure way that makes it impossible to alter the record of which action was done by which users for which advertisers. In effect, the blocks in the transaction chain generated by Pinmo work as distributed ledger entries of activity that can’t be falsified by Pinmo or anyone else because they’re time stamped and spread across the whole network.

For users, this means a concrete measurement of what social shares they performed and which ones they need to be compensated for. In the case of marketers, this same blockchain means completely reliable records of exactly how their ads were shared, by who and if they converted. In other words, Pinmo’s blockchain lets advertisers know exactly how their ad spending is delivering real performance.

Now here’s what this blockchain implementation means for users and marketers in terms of practical usability.

Users

For a user of Pinmo, most of the blockchain technology inside the platform stays invisible. It simply works in the background to track and log their social sharing so they can be paid accurately for their social media shares.

The main point at which a Pinmo user really deals with the Pinmo blockchain is when they accumulate Pinmo tokens as payment. These are the cryptocurrency tokens with which the platform pays users and they’re also based on the same blockchain technology that allows tracking of their sharing activity. The Pinmo token can then be converted either to other cryptocurrencies like Bitcoin and Ethereum tokens or into fiat cash within Pinmo before withdrawal.

Pinmo is also introducing a bonus structure for high performing users who fulfill milestones with their accounts. This will be paid out in either Bitcoin or Pinmo tokens.

In essence, Pinmo users see the platform’s blockchain at work mainly through the accumulation of Pinmo tokens they’re paid in.

Marketers

Marketer engagement with the Pinmo blockchain is a bit more robust than that of users. One of the major benefits of the Pinmo platform using this technology is that it lets particularly vigilant marketers have complete access to the details of how their ads are being shared by the platform and its users. All of the data for these metrics is actually encoded into the networked blocks themselves much like financial information in an accounting ledger. Any marketer who’s using Pinmo can then verify the real evolution of their campaigns by checking the complete record of each converting action and its results inside the Pinmo blocks themselves.

This effectively means an unprecedented level of advertiser insight into every single bit of activity that their Pinmo ad campaign budget is being spent on. The social media advertising industry generally offers nowhere near this much scrutiny to its marketing clients, and Pinmo is unique in how deeply it lets advertisers delve into the metrics of their ad performance with blockchain technology.

Final Thoughts

Pinmo integrates blockchain infrastructure to its already very unique social media advertising strategy for levels of tracking and analytics reliability that aren’t available from any other advertising platform. Advertisers can watch the exact performance of their ads nearly in real-time as they’re shared by Pinmo’s users, and know exactly how much return they’re getting for each of them. Users of Pinmo get the same level of security for that they’ll be rewarded accurately for their own actions. Pinmo’s blockchain backbone promises to keep delivering these levels of transparency and trust for both no matter how much the platform scales up in size.

Debunking the Top 3 Social Media Myths

Have you ever watched an episode of MythBusters? Well, if you haven’t, it’s a TV series that puts some of the world’s most iconic scenes, phrases, and myths to the test and challenges their truth. In today’s blog, we’ll do something similar and put some of the biggest social media myths to the test.

1. Social Media Can’t Drive Sales

We’ve heard this one before: Social media can’t drive sales. But the fact is, this isn’t true. Social media can and does drive sales – the key is to post quality content regularly. If you frequently post content that your followers genuinely enjoy, they will become engaged and interested. An audience that is engaged and interested will foster stronger customer relationships and enhance brand awareness – which all leads to increases in sales.  

2. Followers Are the Best Metrics to Track

Contrary to popular belief, followers are not the best metric to track. Don’t get me wrong, followers are good metrics since you need to have a following to be successful in the first place. BUT, they’re not great metrics as they are generally only vanity metrics and don’t directly affect the success of your social media strategy. So, what is a great metric? The most important metric you can rely on is the engagement rate of your content and click-through and bounce rates. Even with a small social media following, you can be successful if you are directly connecting and engaging with your followers and they’re engaging back. These engagements turn your audience into loyal followers, long-term paying customers, and even brand advocates!

3. You Need to Be on Every Channel

The belief that businesses that engage in social media need to be on every social media channel couldn’t be more wrong. In fact, being on every social media channel could potentially do more harm than good for you, especially if it’s a channel that’s costing you more than you reap.

Not every single social media channel is going to provide you with the same success and you can’t always expend your efforts on every viable project or channel – which is why you need to strategically select which channels to be on.

Think about your target audience. Where are they more likely to spend their time? Which platform are they most engaged with? Consider their demographics and the type of product or service you provide, and this should lead you to determine the channels you should focus your efforts o

Now, we’ve just debunked some of the greatest social media myths and proved them wrong. While the world of social media still has many more mysterious and myths to be debunked, that will be saved for another day.

Sea to Sky Gondola and Pinmo

A Breathtaking View Beyond Words

The Sea to Sky Gondola is a beautiful natural tourist attraction located in Squamish, British Columbia, at the heart of the world-famous Sea to Sky Corridor.

The attraction features three main viewing platforms that offer new and exciting views of surrounding mountains and the serene ocean below – the Summit Lodge Viewing Deck, the Chief Overlook Viewing Platform, and the Spirit Viewing Platform.

Vancouver tourist marketing campaign

The Summit Lodge Viewing Deck is the first of the three viewing platforms that guests encounter. This viewing deck offers unparalleled views of Howe Sound, coastal mountain ranges, and the famous Co-Pilot and Sky Pilot mountain peaks.

The Chief Overlook Viewing Platform hangs over hundreds of meters of sheer drop and is a unique opportunity to stand close to the edge and see the landscape surrounding Howe Sound.

The Spirit Viewing Platform features interpretative information displays along the trail where you can learn about the surrounding landscape, wildlife, and Stawamus First Nations culture and history.

Pinmo’s Campaigns for Sea to Sky

For Sea to Sky Gondola, Pinmo helped their content spread farther, engage better, and perform substantial returns on investments. In early 2018, Pinmo created advertising campaigns for Sea to Sky that helped them accomplish their goal of receiving more attention and provided direct access to the Chinese and Asian community. The campaigns were promoted and released specifically during Family Day and Lunar Chinese New Year and helped Sea to Sky achieve their goal of redirecting traffic to their website to purchase tickets.

Vancouver marketing campaign strategy

Pinmo Campaigns + Results

Pinmo’s campaigns for Sea to Sky proved to be successful and prosperous for their reach into the Asian and Chinese community and helped them achieve their desired target goals. Sea to Sky’s campaigns received 5992 unique total impressions and 523 unique total clicks.

Tourist destination marketing campaign

For Sea to Sky, Pinmo brought real-world value metrics that re-invented the relationship between advertiser and the average social media user. As a result of the campaigns, Sea to Sky accomplished their goals, increased their reach and traffic within the Asian community which provided prosperous results for their sales goals. Overall, Pinmo helped bridge the gap between Chinese and Asian audiences and directly connected them with Sea to Sky’s attraction – increasing their reach and brand loyalty.

Pinmo and IBM Watson

Pinmo is a performance-based marketing platform powered by IBM’s Watson.  As an intelligent marketing platform, Pinmo creates Ads that Learn.

IBM Watson

Watson is a system developed by IBM that has multiple functions compiled with business data collected over several years. Watson is able to ingest, enrich, and normalize a wide variety of data types without any additional integration. This allows us to leverage data from a vast range of sources easily.

Because Watson is on the IBM Cloud, Pinmo maintains ownership of our data, insights, training, and IP. In addition, Watson also offers persistent data stores, robust data science tools, and a multitude of other features.

As Watson is able to processing mass amounts of data, it’s able to understand the language of digital marketing and social media to tap into a deeper domain of knowledge – helping to make more informed decisions faster and more accurately.                       

Pinmo and IBM Watson

Today’s marketers have little to go on in terms of credibility and verifying their vision. With Pinmo, this will no longer be an issue. The Pinmo System will have several key technological features that help provide an elevated level of quality assurance to advertisers.

By integrating our AI with IBM’s Watson AI system, we establish authentication as well as user filtration. Pinmo filters each user via their profile created through AI and selects the users with the highest affinity to each ad, pushes ads to those users, and then performs optimizations with the returned data. We can then isolate each channel the ad has been distributed to and compare their effectiveness for analysis and optimization.

Why IBM Watson?

IBM Watson provides Pinmo with distinct advantages:

1. Accelerated Research and Discovery

With accelerated research and discovery, Pinmo can spend less time looking for the information we need, and more time acting on it. Watson easily processes millions of data points to ensure that what’s most important is worked on first.

2. Enriched Interactions

Watson enriches interactions by reducing response times, increasing the number of transactions, and making every interaction meaningful and productive.

3. Anticipated and Pre-empted Disruptions

Watson uses AI to constantly monitor the condition of systems that power Pinmo – ensuring that any problems won’t disrupt our work.

4. Scaled Expertise and Learning

Watson combines everyone’s expertise with the industry’s latest learning.

5. Detected Liabilities and Mitigated Risks

Watson trains systems to understand and keep up with constantly changing regulations and privacy obligations.

Personality Insights

One of Watson’s services consists of Personality Insights. With Personality Insights, Pinmo is able to predict personality characteristics, needs, and values through written text. With this, Pinmo will be able to understand users’ habits and preferences on an individual level, and at scale. Additionally, we will be able to get detailed personality portraits of our users, understand their consumption preferences, and tailor the customer experience for them.

With Pinmo powered by IBM’s Watson, we’ve created Ads that Learn. Experience Pinmo for yourself and join the digital marketing revolution.