How blockchain will change cam 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 lives. Usually, we hear about bringing out blockchain into financial ballpark, but it can be used in many additional fields. For example , Live Stars company has found, one may possibly think, an unexpected application for blockchain — webcam business.
Webcam is considered the most technologically advanced branch of online porn industry. Models (usually, women) converse with video chat users and, for additional payments, present, strip and perform certain actions of sexual dynamics. It’ s often finished with own funds and solutions — all you need is a world wide web camera, Internet access and a space. However , there are specialized companies, where several models can function at the same time. Webcams monumentally differ from offline part of sex industry and porn videos. The true secret differences are the absence of physical contact between the model as well as the client and all the repayments are non-cash.
How does it work?
Behind every unit, there is a crowd of additional personnel: agency owners, facility managers, staffed internal transaction platforms.
Every single link in this chain deducts their share of the model’ s earning. A model operating at the agency usually receives 20– 25% of what her client paid. Possibly self-employed models get about 40%, with the rest taken by the webcam hosting platforms.
The client never pays directly to the unit, they usually use some form of conditional currency, valid on one particular website. The funds usually do not go directly to the model and at the each level the paid sum endures transfer and conversion service fees. When the “ tokens” are purchased, a percentage goes to the online pocket book or banking service, when the client pays with this kind of token, webcam platform gets its share and there is an additional intermediate party at the income withdrawal stage.
Besides, to receive their payment in the first place, the model need to first earn the nominal required sum, specified in the contract, usually about 50 dollars. Incidentally, 99% of man models usually do not get paid possibly this much. Besides, these obligations do not reach their beneficiary right away. The platform can hold the payment for any period of time between a week and a month or maybe more. And you can add 3– a few days spent for standard bank transfer process.
These are just symptoms of the core problem of this sphere — 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 job to their friends and family members. Studio management might make use of threats and fear to force the models to carry on working and the streaming providers might illegally use personal information of both, models and clients.
Many of these platforms always use some form of ID to verify the individuality of their models for inner purposes, it is a vital a part of how they work. And each program makes their own client data source, collecting the payment info on when, what for and just how much each client will pay, geolocation data and sometimes needs ID as well.
Security and anonymity of provided data completely depends upon rude dziewczyny what integrity of the intermediaries. The net is full of interviews with webcam models who fell feed to blackmail.
— It’ s unsafe to work at the studio if you want to keep your identity key. I can tell you a story of a unit, whose work was recorded as well as 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 really wants to quit. What to do with that, nobody knows.
Impegno, a webcam model
Blockchain the Messiah
According to have Stars, how can blockchain boost this semi-legal and often risky field of work?
The main difference is finished anonymity guaranteed by the program and replacement of internal transaction processing system with tokens.
This solves almost all concerns we mentioned thus far.
Tokenization removes the advantages of intermediaries and completely gets rid of them from the chain. Protection of data storage and copy in blockchain technology can be above and beyond anything else we have today. Identity verification will nonetheless take place, since all models has to be of the full legal age to work in this field, but the model can remove any one of their personal information from the program at any point in time, which is maintained the open source code. The uploaded data, after having been approved by management, will always be protected.
Blockchain transactions fully solve the issue of the client’ s anonymity.
The very transaction method will be significantly quicker, since the intermediary banks plus the need to convert money in the platform’ s internal payment means are completely taken from the picture. The latter is changed by LIVE tokens, which is often used to pay for the service or be sold at a token exchange platform. At the moment, in the event the client happens to have some inner platform currency they bought but did not spent but, they cannot get their money back the slightest bit, if they wish to do so, seeing that no platform offers refunds or resale opportunities.
The payment procedure itself becomes simpler and includes possibility of attaching extra modules and ways of payment.
The models do not have to wait for months to get what they earned. The transaction comes at the moment from the payment and not a moment afterwards.
Possibility of deal errors is removed too — blockchain technology does not allow for mistakes and purchase errors, when the customer’ h funds are blocked by bank.
What will Live Stars change?
What does such platform looks like? What will change because of its participants: clients and designs?
On average, 250 new versions register on the top-tier websites daily.
80% are newcomers, who do not worked at this platform
10% of them will continue working on the same program
60% are forced to quit, due to not achieving the minimal required earning.
The low percentage of webcam newcomers is easily explained: emotionally taxing job, threat of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that do not come on time. It leads to a situation of many young versions completely leaving the field after their first knowledge.
A system built on open source code, transparency and blockchain commercial infrastructure will radically differ from current semi-legal and closed programs.
Low entry barrier will attract more versions and lack of negative economical experience will increase the percentage of people who will chose to stay.
If the clients happen to be 100% certain of their own security and anonymity, the number of people willing to pay for the model’ t service will increase. Currently, most webcam audience is at ease with free live streams and doesn’ t pay nearly anything, afraid of dealing with unclear and potentially dangerous payment system. Whenever some of them will move to the category of paying clients, it will eventually completely change webcam market landscape. It is quite possible, the general direction of such platform will become less porn-orientated and move towards just personal communication, which is what attracts the clients in the first place.
Another important aspect: private video chats and text chats will use webRTC based on one-to-one principle, separately of servers. Nobody, such as the website administration, will have entry to a private chat.
Every website has its diva. They are usually promoted by the website itself, put at the top of the ratings and looked at by the largest audience. It will always be a closed mechanism, which in turn harms the customer who’ deb like to see the actual information about the model’ s rating and it harms other products who lose the salary due to unfairly low reviews. Besides, unfair rating is just an extra source of psychological strain for the model. The open source code will allows anyone to make sure, that the ranking is distributed in a fair and objective manner.
The future of webcam sector
In the end, blockchain will lead to creation of an unique unprecedented online platform, with independent financially supported webcam models who finally left behind the discomfort of constant stress and the clients completely certain in their protection and anonymity.
The content is bound to change too: currently models feel forced to have “ mainstream” displays, something, that majority of consumers are ready to pay for, just to have some income. In the conditions of a secure and open platform, they can produce income coming from providing services for a small audience. It can be just a friendly conversation or specific sexual interests.