How blockchain will change livecam business: security and anonymity
Live Stars offers a brand new perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will eventually change many aspects of our activities. Usually, we hear about bringing out blockchain into financial ball, but it can be used in many various other fields. For example , Live Stars company has found, one may possibly think, an unexpected application to get blockchain — webcam organization.
Webcam is the most technologically advanced branch of online adult porn industry. Models (usually, women) converse with video chat users and, for additional payments, offer, strip and perform selected actions of sexual nature. It’ s often carried out with own funds and assets — all you need is a internet camera, Internet access and a space. However , there are specialized dojos, where several models can work at the same time. Webcams monumentally differ from offline part of sex industry and porn videos. The real key differences are the absence of physical contact between the model as well as the client and all the obligations are non-cash.
How does it work?
Behind every version, there is a crowd of additional personnel: agency owners, studio managers, staffed internal deal platforms.
Every single link in this chain subtracts their share of the model’ s earning. A model functioning at the agency usually receives 20– 25% of what her client paid. Possibly self-employed models get regarding 40%, with the rest used by the webcam hosting tools.
The client hardly ever pays directly to the style, they usually use some form of conditional currency, valid on one particular website. The funds tend not to go directly to the style and at the each level the paid sum endures transfer and conversion costs. When the “ tokens” are purchased, a percentage goes to the online wallet or banking service, when the client pays with this kind of token, webcam platform gets its share and there is a further intermediate party at the money withdrawal stage.
Besides, to receive their payment in the first place, the model need to first earn the little required sum, specified inside the contract, usually about 50 dollars. Incidentally, 99% of male models usually do not get paid also this much. Besides, these obligations do not reach their beneficiary right away. The platform can hold the payment for any period of time among a week and a month or maybe more. And you can add 3– your five days spent for standard bank transfer process.
These are just symptoms of the core problem of this field — lack of transparency. No one feel confident in any individual — clients are afraid of identification theft and models are afraid of deanonymization, blackmail and risks of exposing their work to their friends and loved ones. Studio management might make use of threats and fear to force the models to remain working and the streaming products and services might illegally use personal information of both, models and clients.
Such platforms always use some form of IDENTITY to verify the id of their models for interior purposes, it is a vital a part of how they work. And each system makes their own client repository, collecting the payment details about when, what for and how much each client pays, geolocation data and sometimes needs ID as well.
Security and anonymity of provided data completely depends on the integrity of the intermediaries. The web is full of interviews with web cam models who fell feed to blackmail.
— It’ s unsafe to work at the studio if you want to keep your identity top secret. I can tell you a story of a unit, whose work was recorded and the videos were sent to her boyfriend. There were threats to send these videos to her father and mother as well. The same can happen if the contract runs out or when the model just wants to quit. What to do with that, nobody knows.
Lena, a webcam model
Blockchain the Messiah
According to have Stars, how can blockchain improve this semi-legal and often unsafe field of work?
The main difference is comprehensive anonymity guaranteed by the program and replacement of internal transaction processing system with tokens.
This solves almost all challenges we mentioned thus far.
Tokenization removes the need for intermediaries and completely gets rid of them from the chain. Reliability of data storage and copy in blockchain technology is definitely above and beyond anything else we have today. Identity verification will still take place, since all models should be of the full legal age to work in this field, but the model can remove some of their personal information from the system at any point in time, which is supported by the open source code. The uploaded data, after having been approved by management, will always be protected.
Blockchain deals fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, while the intermediary banks plus the need to convert money in the platform’ s internal repayment means are completely taken out of the picture. The latter is substituted by LIVE tokens, and this can be used to pay for the services or be sold at a symbol exchange platform. At the moment, in the event the client happens to have some interior platform currency they bought but did not spent but, they cannot get their money back the slightest bit, if they wish to do so, since no platform offers repayments or resale opportunities.
The payment method itself becomes simpler and includes possibility of attaching added modules and ways of repayment.
The models do not have to wait for months to get what they earned. The transaction comes at the moment in the payment and not a moment in the future.
Possibility of purchase errors is removed as well — blockchain technology will not allow for mistakes and deal errors, when the customer’ s i9000 funds are blocked by bank.
What will Live Stars change?
What does such platform looks like? What will change due to its participants: clients and types?
On average, 250 new models register on the top-tier websites daily.
80% are newcomers, who hardly ever worked at this platform
10% of them will certainly continue working on the same program
60% are forced to quit, due to not reaching the minimal required earning.
The low percentage of webcam newcomers is easily described: emotionally taxing job, risk of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that by no means come on time. It results in a situation of many young types completely leaving the discipline after their first knowledge.
A platform built on open source code, transparency and blockchain facilities will radically differ from current semi-legal and closed websites.
Low entry barrier will attract more products and lack of negative economic experience will increase the percentage of those who will chose to stay.
If the clients happen to be 100% certain of their own security and anonymity, the number of people offering for the model’ t service will increase. Currently, most webcam audience is at ease with free live streams and doesn’ t pay anything, afraid of dealing with unclear and potentially dangerous payment system. If some of them will move to the class of paying clients, it will probably completely change webcam industry landscape. It is quite possible, that general direction of such platform will become less porn-orientated and move towards only personal communication, which is what attracts the clients to start with.
Another important element: private video chats and text chats will use webRTC based on one-to-one principle, on their own of servers. Nobody, such as the website administration, will have access to a private chat.
Every website has the diva. They are usually promoted by website itself, put near the top of the ratings and seen by the largest audience. It is usually a closed mechanism, which usually harms the customer who’ deb like to see the actual information about the model’ s rating and it harms other models who lose the salary due to unfairly low reviews. Besides, unfair rating is merely an extra source of psychological tension for the model. The open source code will enables anyone to make sure, that the ranking is distributed in a fair and objective manner.
The future of webcam sector
In the end, blockchain sexy cams will lead to creation of an unique unprecedented online program, with independent financially reinforced webcam models who finally left behind the discomfort of constant stress and the buyers completely certain in their security and anonymity.
The content is bound to change too: currently models feel compelled to have “ mainstream” shows, something, that majority of clients are ready to pay for, just to incorporate some income. In the conditions of your secure and open program, they can produce income coming from providing services for a smaller audience. It can be just a friendly conversation or specific sex interests.