How blockchain will change web cam business: security and being anonymous
Live Stars offers a fresh perspective at the problems of webcam industry — combine porn and blockchain technology
Blockchain will soon change many aspects of our activities. Usually, we hear about introducing blockchain into financial ballpark, but it can be used in many additional fields. For example , Live Actors company has found, one might think, an unexpected application pertaining to 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, present, strip and perform particular actions of sexual character. It’ s often done with own funds and solutions — all you need is a world wide web camera, Internet access and a space. However , there are specialized broadcasters, where several models can perform at the same time. Webcams monumentally vary from offline part of sex market and porn videos. The important thing differences are the absence of physical contact between the model and the client and all the payments are non-cash.
How does it work?
Behind every style, there is a crowd of various other personnel: agency owners, business managers, staffed internal purchase platforms.
Every link in this chain deducts their share of the model’ s earning. A model functioning at the agency usually gets 20– 25% of what her client paid. Actually self-employed models get regarding 40%, with the rest taken by the webcam hosting programs.
The client do not pays directly to the style, they usually use some form of conditional currency, valid on one particular website. The funds usually do not go directly to the unit and at the each level the paid sum endures transfer and conversion fees. When the “ tokens” are purchased, a percentage goes to the online finances 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 income withdrawal stage.
Besides, to receive their payment in the first place, the model must first earn the nominal required sum, specified inside the contract, usually about 50 dollars. Incidentally, 99% of guy models usually do not get paid also this much. Besides, these obligations do not reach their individual right away. The platform can hold the payment for any period of time among a week and a month if not more. And you can add 3– five days spent for loan company transfer process.
These are just symptoms of the core problem of this ball — lack of transparency. Nobody feel confident in any person — clients are afraid of identity theft and models fear so much deanonymization, blackmail and dangers of exposing their function to their friends and family and friends. Studio management might apply threats and fear to force the models to continue working and the streaming solutions might illegally use information that is personal of both, models and clients.
Such platforms always use some form of IDENTITY to verify the personality of their models for inner purposes, it is a vital element of how they work. And each platform makes their own client databases, collecting the payment information regarding when, what for and just how much each client pays off, geolocation data and sometimes needs ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The net is full of interviews with webcam models who fell victim to blackmail.
— It’ s unsafe to work at the business if you want to keep your identity magic formula. I can tell you a story of a model, whose work was recorded and the videos were sent to her boyfriend. There were threats to deliver these videos to her father and mother 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.
Lena, a webcam model
Blockchain the Savior
According to Live Stars, how can blockchain increase 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 complications we mentioned thus far.
Tokenization removes the advantages of intermediaries and completely cleans away them from the chain. Reliability of data storage and transfer in blockchain technology can be above and beyond anything else we have today. Identity verification porno p will even now take place, since all models must be of the full legal age to work in this field, however the model can remove any kind of their personal information from the program at any point in time, which is maintained the open source code. The uploaded data, after he was approved by management, will always be protected.
Blockchain trades fully solve the issue of the client’ s anonymity.
The very transaction method will be significantly quicker, seeing that the intermediary banks and the need to convert money in the platform’ s internal repayment means are completely taken from the picture. The latter is substituted by LIVE tokens, that can be used to pay for the assistance or be sold at a symbol exchange platform. At the moment, in the event the client happens to have some inside platform currency they bought but did not spent but, they cannot get their money back in any respect, if they wish to do so, seeing that no platform offers repayments or resale opportunities.
The payment process itself becomes simpler and includes possibility of attaching more modules and ways of repayment.
The types 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 in the future.
Possibility of deal errors is removed as well — blockchain technology will not allow for mistakes and purchase errors, when the customer’ s funds are blocked by the bank.
What will Live Stars change?
What does such platform looks like? What will change for its participants: clients and products?
On average, 250 new products register on the top-tier websites daily.
a majority are newcomers, who do not worked at this platform
10% of them is going to continue working on the same platform
60% have 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 under no circumstances come on time. It ends in a situation of many young models completely leaving the field after their first experience.
A platform built on open source code, transparency and blockchain commercial infrastructure will radically differ from current semi-legal and closed programs.
Low accessibility barrier will attract more designs and lack of negative economic experience will increase the percentage of 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’ h service will increase. Currently, most webcam audience is quite happy with free live streams and doesn’ t pay anything at all, afraid of dealing with unclear and potentially dangerous payment system. If some of them will move to the category of paying clients, it is going to completely change webcam market landscape. It is quite possible, that the general direction of such platform will become less porn-orientated and move towards just personal communication, which is what attracts the clients to begin with.
Another important aspect: private video chats and text chats will use webRTC based on one-to-one principle, separately of servers. Nobody, such as website administration, will have usage of a private chat.
Every website has it is diva. They are usually promoted by the website itself, put towards the top of the ratings and looked at by the largest audience. It will always be a closed mechanism, which harms the customer who’ deb like to see the actual advice about the model’ s rating and it harms other products who lose the cash flow due to unfairly low scores. Besides, unfair rating is just an extra source of psychological tension for the model. The open source code will permits anyone to make sure, that the score is distributed in a good and objective manner.
The future of webcam sector
In the end, blockchain will lead to creation of your unique unprecedented online system, with independent financially backed webcam models who finally left behind the discomfort of constant stress and the clients completely certain in their secureness and anonymity.
The content is bound to change too: currently models feel made to have “ mainstream” displays, something, that majority of customers are ready to pay for, just to incorporate some income. In the conditions of a secure and open program, they can produce income from providing services for a more compact audience. It can be just a friendly conversation or specific sex-related interests.