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Association of Marketing Theory and Practice Proceedings 2020

2020

Big Data

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Blockchain And The Transformation Of Branding, Sunil Erevelles, Brian Whelan, Padma Bulusu Feb 2020

Blockchain And The Transformation Of Branding, Sunil Erevelles, Brian Whelan, Padma Bulusu

Association of Marketing Theory and Practice Proceedings 2020

Blockchain and the Transformation of Branding


Sunil Erevelles

University of North Carolina at Charlotte

Brian Whelan

University of North Carolina at Charlotte

Padma Bulusu

University of North Carolina at Charlotte

ABSTRACT

Consumer trust in brands has reached critically low levels. While Big Data has allowed marketers to gain a rich and precise understanding of their consumers (Erevelles, Fukawa and Swayne 2016), the careless and sometimes improper use of Big Data in behavioral futures markets has resulted in a decline of trust in brands of organizations that have violated consumer trust. Driven by a trust crisis in consumer relationships with institutions …