Blockchain and Consumer Data: How Decentralization is Reshaping Marketing Strategies in Iringa Municipal, Tanzania

This study explored the impact of blockchain technology on consumer data management and marketing strategies, focusing on how decentralization reshapes traditional practices. It aimed to assess the awareness and understanding of blockchain among marketing professionals, examine data privacy concerns, and evaluate the technology's potential to enhance data security and consumer trust. Utilizing a sample size of 127 respondents, the study employed a mixed-methods approach, combining quantitative and qualitative interviews. Key findings revealed that while there was a moderate understanding of blockchain concepts, significant concerns remained regarding data privacy and regulatory challenges. The research highlighted the perceived benefits of blockchain, such as improved efficiency and transparency in marketing initiatives, alongside the challenges of scalability and adoption. The study concluded that addressing educational gaps and regulatory issues is crucial for leveraging blockchain technology effectively in the marketing sector.

Authors

Publication Details

Journal
International Journal of Recent Engineering Science
Published
2024-12-30
DOI
https://doi.org/10.14445/23497157/ijres-v11i6p109
Primary Topic
Taxation and Compliance Studies
Type
article
Field-Weighted Citation Impact
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article

Blockchain and Consumer Data: How Decentralization is Reshaping Marketing Strategies in Iringa Municipal, Tanzania

Lusekelo Kibona
International Journal of Recent Engineering Science
Taxation and Compliance Studies
article

Blockchain and Consumer Data: How Decentralization is Reshaping Marketing Strategies in Iringa Municipal, Tanzania

Lusekelo Kibona
article en

Abstract

This study explored the impact of blockchain technology on consumer data management and marketing strategies, focusing on how decentralization reshapes traditional practices. It aimed to assess the awareness and understanding of blockchain among marketing professionals, examine data privacy concerns, and evaluate the technology's potential to enhance data security and consumer trust. Utilizing a sample size of 127 respondents, the study employed a mixed-methods approach, combining quantitative and qualitative interviews. Key findings revealed that while there was a moderate understanding of blockchain concepts, significant concerns remained regarding data privacy and regulatory challenges. The research highlighted the perceived benefits of blockchain, such as improved efficiency and transparency in marketing initiatives, alongside the challenges of scalability and adoption. The study concluded that addressing educational gaps and regulatory issues is crucial for leveraging blockchain technology effectively in the marketing sector.

International Journal of Recent Engineering ScienceVol. 11(6)
Openalex Percentile: Top 68%
Taxation and Compliance Studies
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Blockchain and Consumer Data: How Decentralization is Reshaping Marketing Strategies in Iringa Municipal, Tanzania — Lusekelo Kibona · International Journal of Recent Engineering Science (2024) | TGRS Research Map | TGRS