The new 1.0 browser from Brave removes ads and ad trackers and pays users through a reward system for viewing the ads that Brave presents.
Brave?
Brave is a San Francisco based start-up company, founded in 2015 and led by CEO Brendan Eich, formally of Firefox.
Ad and Tracker-Free
Two of the key advantages of the new Brave browser are that it protects a user’s privacy by removing ad trackers and makes browsing a faster (download time) and less distracting experience by removing adverts.
Displays Its Own Adverts and Pays You For Viewing Them
The big difference about Brave is that it offers its own Brave Rewards system. Users who join the system only see adverts from Brave and are paid 70% of the resulting ad revenue using Brave’s own crypto-token, the Basic Attention Token (BAT). Brave also sends the revenue you accrue back to the websites you’ve visited.
The advantages of this system should be that it can lure new users to Brave in a crowded browser market with the promise of money and better browsing experience and improved privacy and that websites can still find a way to support themselves with advertising without having to share the personal data of users with tech companies. The hope is that, if this browser and model gains user approval on a large-scale it will eventually deter publishers from trying to profile the behaviour of their users via privacy-invading trackers.
Earnings
Users who sign-up to the Brave Rewards system can choose where to direct the BAT they’ve earned e.g. send it certain sites, tip Twitter and Reddit users or choose to convert it into currency (which is unlikely to be a large amount).
Numbers
There are some very well-established players in the Browser market which is currently dominated by Google Chrome which has more than 65% of the market (around 2+ billion installs).
In comparison, Brave says that it is used 8.7 million times each month on Windows, macOS, Android and iOS. The company has, however, reported that the number of users is growing by 10% per month.
What Does This Mean For Your Business?
Privacy is a big concern for all web-users and trying to download web pages that are full of adverts can be frustrating and a time and power-draining experience. Businesses also need to be able to use the tools available to them to make sure that they can get the maximum ROI from their advertising spend, plus the big tech companies need to be able to offer their business customers an ad system that delivers results, hence the perceived need for trackers and profiling the behaviour of customers. Web publishers also need to have a viable way to help support their sites and offer content to their users (without a payment gateway) and this has traditionally been through advertising on their pages, much to the frustration of website visitors. Brave’s browser, therefore, tries to meet the needs of all these groups in one package. The combination of improved privacy, financial incentives and better browsing experience may prove appealing to users, and publishers may take note of the Brave model and realise that there is another way of supporting their sites. It remains to be seen, however, how much share of the browser market Brave can gain and how well it fares against some powerful and entrenched competitors.
