You say "providing better reach for local businesses and offering customers a better deal in exchange". But how?
It seems like the only answer in your post is that users of the tokenized advertising will be given discounts as incentive for advertising, which essentially means they are getting "paid" instead of say, the producers/crew of a televised commercial, or the owner of a billboard.
How will I, a non-advertiser, benefit from LBA besides receiving "relevant" advertisements from businesses in my area (sorry, but that's not a benefit in my opinion). Genuinely curious!
RE: Blockchain Technology to Disrupt Location-Based Advertising (LBA)