by Maria Hartas, DCMME Graduate Assistant
Imagine being able to trace cacao “bean to bar”, as expressed by the head of addressable media and technology for The Hershey Company, Vinny Rinadli. Such granular reporting will be possible as a result of the Hershey Company joining AdLedger, a blockchain-based consortium founded by IBM, Tegna and blockchain company MadHive in 2018.
AdLedger is a nonprofit consortium spearheading the development of shared ledger technologies for the digital advertising market. Blockchain technology would not only be advancing supply chain tracking capabilities but would also be enhancing advertising through readily available data and intermediary transaction documentation.
Starting with cacao farmers, moving to intermediaries and factories, all the way to tracking end consumers, blockchain technology could fundamentally change the way chocolate companies operate.
How can blockchain technology advance digital advertising?
Where can blockchain be applied?
How can companies use blockchain technology?