How blockchain will change livecam business: security and anonymity
Live Stars offers a new perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will soon 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 meant for blockchain — webcam business.
Webcam is the most technologically advanced branch of online porn industry. Models (usually, women) converse with video chat users and, for additional payments, pose, strip and perform specific actions of sexual dynamics. It’ s often done with own funds and solutions — all you need is a web camera, Internet access and an area. However , there are specialized galleries, where several models could work at the same time. Webcams monumentally vary from offline part of sex market and porn videos. The main element 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 style, there is a crowd of various other personnel: agency owners, facilities managers, staffed internal deal 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. Even self-employed models get regarding 40%, with the rest taken by the webcam hosting platforms.
The client under no circumstances pays directly to the model, 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 suffers transfer and conversion service fees. When the “ tokens” are purchased, a percentage goes to the online finances or banking service, if the client pays with this token, webcam platform gets its share and there is one other intermediate party at the dollars withdrawal stage.
Besides, to receive their payment in the first place, the model need to first earn the minimal required sum, specified in the contract, usually about $50. Incidentally, 99% of guy models usually do not get paid even this much. Besides, these payments do not reach their individual right away. The platform can hold the payment for any period of time among a week and a month or even more. And you can add 3– 5 various days spent for bank transfer process.
These are just symptoms of the core problem of this field — lack of transparency. Nobody feel confident in any person — clients are afraid of identification theft and models fear so much deanonymization, blackmail and threats of exposing their work to their friends and loved ones. Studio management might work with threats and fear to force the models to carry on working and the streaming services might illegally use personal information of both, models and clients.
Many of these platforms always use some form of IDENTITY to verify the identity of their models for interior purposes, it is a vital element of how they work. And each platform makes their own client repository, collecting the payment details about when, what for and exactly how much each client pays, geolocation data and sometimes calls for ID as well.
Security and anonymity of provided data completely depends on the integrity of the intermediaries. The web is full of interviews with cam models who fell victim to blackmail.
— It’ s unsafe to work at the business if you want to keep your identity top secret. I can tell you a story of a version, whose work was recorded and the videos were sent to her boyfriend. There were threats to deliver these videos to her parents as well. The same can happen when 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 Savior
According to have Stars, how can blockchain boost this semi-legal and often unsafe field of work?
The main difference is full anonymity guaranteed by the system and replacement of internal payment processing system with tokens.
This solves almost all concerns we mentioned thus far.
Tokenization removes the need for intermediaries and completely removes them from live webcam sex the chain. Protection of data storage and copy in blockchain technology is above and beyond anything else we have today. Identity verification will nonetheless take place, since all models should be of the full legal age to work in this field, but the model can remove any one of their personal information from the system 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 ventures fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, since the intermediary banks and the need to convert money into the platform’ s internal repayment means are completely removed from the picture. The latter is replaced by LIVE tokens, and this can be used to pay for the services or be sold at a symbol exchange platform. At the moment, if the client happens to have some inner platform currency they bought but did not spent but, they cannot get their money back by any means, if they wish to do so, seeing that no platform offers refunds or resale opportunities.
The payment method itself becomes simpler and includes possibility of attaching added modules and ways of payment.
The products 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 after.
Possibility of purchase errors is removed as well — blockchain technology will not allow for mistakes and transaction errors, when the customer’ s i9000 funds are blocked by the bank.
What will Live Stars change?
What does such program looks like? What will change for its participants: clients and versions?
On average, 250 new versions register on the top-tier websites daily.
many of these are newcomers, who do not worked at this platform
10% of them definitely will 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 explained: emotionally taxing job, risk of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that under no circumstances come on time. It ends up with a situation of many young versions completely leaving the discipline after their first knowledge.
A platform built on open source code, transparency and blockchain commercial infrastructure will radically differ from current semi-legal and closed systems.
Low entrance barrier will attract more models and lack of negative financial experience will increase the percentage of those who will chose to stay.
If the clients are 100% certain of their own security and anonymity, the number of people offering for the model’ t service will increase. Currently, majority of webcam audience is content 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 category of paying clients, it will completely change webcam sector landscape. It is quite possible, that the general direction of many of these 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, independently of servers. Nobody, such as website administration, will have access to a private chat.
Every website has it is diva. They are usually promoted by website itself, put near the top of the ratings and seen by the largest audience. It usually is a closed mechanism, which harms the customer who’ d like to see the actual advice about the model’ s rating and it harms other models who lose the cash flow due to unfairly low reviews. Besides, unfair rating is merely an extra source of psychological stress for the model. The open source code will permits anyone to make sure, that the score is distributed in a reasonable and objective manner.
The future of webcam sector
In the end, blockchain will lead to creation of any unique unprecedented online system, with independent financially insured webcam models who finally left behind the discomfort of constant stress and the customers completely certain in their security and anonymity.
The content is bound to change too: currently models feel compelled to have “ mainstream” displays, something, that majority of customers are ready to pay for, just to have some income. In the conditions of any secure and open program, they can produce income out of providing services for a more compact audience. It can be just a friendly conversation or specific sex interests.