How blockchain will change webcam business: security and anonymity
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 world. Usually, we hear about introducing blockchain into financial sphere, but it can be used in many additional fields. For example , Live Superstars company has found, one might think, an unexpected application to get blockchain — webcam organization.
Webcam is among the most technologically advanced branch of online porn industry. Models (usually, women) converse with video chat users and, for additional payments, offer, strip and perform specific actions of sexual character. It’ s often done with own funds and assets — all you need is a net camera, Internet access and a space. However , there are specialized dojos, where several models can perform at the same time. Webcams monumentally differ from offline part of sex market and porn videos. The important thing 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 unit, there is a crowd of other personnel: agency owners, studio room managers, staffed internal deal platforms.
Each link in this chain deducts their share of the model’ s earning. A model operating at the agency usually will get 20– 25% of what her client paid. Also self-employed models get about 40%, with the rest used by the webcam hosting websites.
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 style and at the each stage the paid sum suffers transfer and conversion service 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 sesso hard gratis share and there is one other intermediate party at the funds 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. Incidentally, 99% of men models usually do not get paid also this much. Besides, these repayments do not reach their receiver right away. The platform can hold the payment for any period of time between a week and a month if not more. And you can add 3– 5 days spent for loan company transfer process.
These are just symptoms of the core problem of this world — lack of transparency. Nobody feel confident in any person — clients are afraid of identification theft and models are afraid of deanonymization, blackmail and hazards of exposing their do the job to their friends and friends and family. Studio management might work with threats and fear to force the models to continue working and the streaming services might illegally use personal information of both, models and clients.
Such platforms always use some form of ID to verify the id 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 information regarding when, what for and how much each client compensates, geolocation data and sometimes calls for ID as well.
Security and anonymity of provided data completely depends upon what integrity of the intermediaries. The net is full of interviews with cam models who fell prey to blackmail.
— It’ s not safe to work at the business if you want to keep your identity magic formula. 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 when the contract runs out or perhaps when the model just really wants to quit. What to do with that, no one knows.
Ardore, a webcam model
Blockchain the Saving grace
According to have Stars, how can blockchain improve this semi-legal and often unsafe field of work?
The main difference is finished anonymity guaranteed by the program and replacement of internal payment processing system with tokens.
This solves almost all challenges we mentioned thus far.
Tokenization removes the need for intermediaries and completely eliminates them from the chain. Reliability of data storage and copy in blockchain technology is certainly 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, but the model can remove any kind of their personal information from the system 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 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 to the platform’ s internal repayment means are completely removed from the picture. The latter is changed 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 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 repayments or resale opportunities.
The payment procedure itself becomes simpler and includes possibility of attaching additional 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 with the payment and not a moment afterwards.
Possibility of purchase errors is removed as well — blockchain technology would not allow for mistakes and transaction errors, when the customer’ h funds are blocked by bank.
What is going to Live Stars change?
What does such program looks like? What will change because of its participants: clients and products?
On average, 250 new designs register on the top-tier websites daily.
a majority are newcomers, who under no circumstances worked at this platform
10% of them will certainly continue working on the same system
60% are forced to quit, due to not achieving the minimal required earning.
The low percentage of webcam newcomers is easily discussed: emotionally taxing job, danger of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that under no circumstances 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 systems.
Low admittance barrier will attract more models and lack of negative economic experience will increase the percentage of these who will chose to stay.
If the clients will be 100% certain of their own security and anonymity, the number of people offering for the model’ s service will increase. Currently, most webcam audience is content with free live streams and doesn’ t pay nearly anything, afraid of dealing with unclear and potentially dangerous payment system. If perhaps 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 simply personal communication, which is what attracts the clients to begin with.
Another important element: private video chats and text chats will use webRTC based on one-to-one principle, independent of each other of servers. Nobody, such as the website administration, will have usage of a private chat.
Every website has the diva. They are usually promoted by the website itself, put towards the top of the ratings and looked at by the largest audience. It is usually a closed mechanism, which usually harms the customer who’ d 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 ratings. Besides, unfair rating is merely 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 fair and objective manner.
The future of webcam market
In the end, blockchain will lead to creation of an unique unprecedented online system, with independent financially backed webcam models who finally left behind the discomfort of constant stress and the customers completely certain in their reliability and anonymity.
The content is bound to change too: currently models feel made to have “ mainstream” shows, something, that majority of clientele are ready to pay for, just to incorporate some income. In the conditions of a secure and open platform, they can produce income coming from providing services for a smaller sized audience. It can be just a friendly conversation or specific sex interests.