How blockchain will change livecam business: security and anonymity
Live Stars offers a fresh perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will soon change many aspects of our world. Usually, we hear about bringing out blockchain into financial sphere, but it can be used in many other fields. For example , Live Superstars company has found, one may possibly think, an unexpected application to get blockchain — webcam business.
Webcam is considered the most technologically advanced branch of online porno industry. Models (usually, women) converse with video chat users and, for additional payments, offer, strip and perform specific actions of sexual dynamics. It’ s often finished with own funds and information — all you need is a web camera, Internet access and a room. However , there are specialized companies, where several models could work at the same time. Webcams monumentally differ from offline part of sex market and porn videos. The key differences are the absence of physical contact between the model plus the client and all the repayments are non-cash.
How does it work?
Behind every unit, there is a crowd of various other personnel: agency owners, facility managers, staffed internal purchase platforms.
Each link in this chain subtracts their share of the model’ s earning. A model working 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 unit, they usually use some form of conditional currency, valid on one particular website. The funds will not go directly to the version and at the each level the paid sum endures transfer and conversion service fees. When the “ tokens” are ordered, a percentage goes to the online wallet or banking service, if the client pays with this 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 little required sum, specified in the contract, usually about 50 bucks. Incidentally, 99% of male models usually do not get paid even this much. Besides, these repayments do not reach their recipient right away. The platform can hold the payment for any period of time between a week and a month or even more. And you can add 3– your five days spent for loan company transfer process.
These are just symptoms of the core problem of this field — lack of transparency. Nobody feel confident in anyone — clients are afraid of personality theft and models fear so much deanonymization, blackmail and hazards of exposing their do the job to their friends and family and friends. Studio management might employ threats and fear to force the models to continue working and the streaming companies might illegally use information that is personal of both, models and clients.
Such platforms always use some form of ID to verify the personality of their models for inner purposes, it is a vital element of how they work. And each system makes their own client repository, collecting the payment info on when, what for and exactly how much each client pays off, geolocation data and sometimes calls for ID as well.
Security and anonymity of provided data completely depends on the integrity of the intermediaries. The internet is full of interviews with web cam models who fell victim to blackmail.
— It’ s unsafe to work at the studio room if you want to keep your identity magic formula. I can tell you a story of a style, whose work was recorded as well as the videos were sent to her boyfriend. There were threats to send these videos to her parents as well. The same can happen when the contract runs out or perhaps when the model just wants to quit. What to do with that, no person knows.
Ardore, a webcam model
Blockchain the Saving grace
According to Live Stars, how can blockchain improve 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 complications we mentioned thus far.
Tokenization removes the need for intermediaries and completely removes them from the chain. Secureness of data storage and transfer in blockchain technology is usually above and beyond anything else we have today. Identity verification will even now take place, since all models has to be of the full legal age to work in this field, however the model can remove any one of their personal information from the program at any point in time, which is supported by the open source code. The uploaded data, after he was approved by management, will always be encrypted.
Blockchain orders fully solve the issue of the client’ s anonymity.
The very transaction procedure will be significantly quicker, because the intermediary banks and the need to convert money in to the platform’ s internal payment means are completely taken from the picture. The latter is changed by LIVE tokens, which may be used to pay for the services or be sold at a token exchange platform. At the moment, in the event the client happens to have some interior platform currency they bought but did not spent yet, they cannot get their money back at all, if they wish to do so, as no platform offers refunds or resale opportunities.
The payment method itself becomes simpler and includes possibility of attaching more modules and ways of repayment.
The designs do not have to wait for months to get what they earned. The transaction comes at the moment of the payment and not a moment afterwards.
Possibility of deal errors is removed as well — blockchain technology would not allow for mistakes and transaction errors, when the customer’ t funds are blocked by the bank.
And what will Live Stars change?
What does such platform looks like? What will change because of its participants: clients and products?
On average, 250 new models register on the top-tier websites daily.
80% are newcomers, who by no means worked at this platform
10% of them definitely will continue working on the same system
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 hardly ever come on time. It results in a situation of many young models completely leaving the field after their first encounter.
A platform built on open source code, transparency and blockchain infrastructure will radically differ from current semi-legal and closed systems.
Low entrance barrier will attract more designs and lack of negative monetary experience will increase the percentage of the people 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’ s i9000 service will increase. Currently, most of webcam audience is at ease with free live streams and doesn’ t pay whatever, afraid of dealing with unclear and potentially dangerous payment system. If some of them will move to the category of paying clients, it can completely change webcam sector landscape. It is quite possible, the fact that general direction of such platform will become less porn-orientated and move towards simply personal communication, which is what attracts the clients to start with.
Another important aspect: private video chats and text chats will use webRTC based on one-to-one principle, individually of servers. Nobody, like the website administration, will have entry to a private chat.
Every website has its diva. They are usually promoted by website itself, put towards the top of the ratings and viewed by the largest audience. It will always be a closed mechanism, which in turn harms the customer who’ n like to see the actual advice about the model’ s rating and it harms capezzoli enormi other models who lose the income due to unfairly low ratings. Besides, unfair rating is just an extra source of psychological tension for the model. The open source code will allows anyone to make sure, that the rating is distributed in a fair and objective manner.
The future of webcam sector
In the end, blockchain will lead to creation of any 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 as well: 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 platform, they can produce income by providing services for a smaller sized audience. It can be just a friendly conversation or specific intimate interests.