How blockchain will change 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 eventually change many aspects of our world. Usually, we hear about launching blockchain into financial sphere, but it can be used in many different fields. For example , Live Celebrities company has found, one could think, an unexpected application meant for blockchain — webcam business.
Webcam is among 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 selected actions of sexual character. It’ s often completed with own funds and information — all you need is a world wide web camera, Internet access and a space. However , there are specialized companies, where several models can perform at the same time oorno. 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 and the client and all the obligations are non-cash.
How does it work?
Behind every model, there is a crowd of additional personnel: agency owners, facility managers, staffed internal purchase platforms.
Each link in this chain deducts their share of the model’ s earning. A model working at the agency usually obtains 20– 25% of what her client paid. Actually self-employed models get about 40%, with the rest taken by the webcam hosting websites.
The client hardly ever pays directly to the version, they usually use some form of conditional currency, valid on one particular website. The funds do not go directly to the model and at the each stage the paid sum endures transfer and conversion service fees. When the “ tokens” are ordered, 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 another intermediate party at the dollars withdrawal stage.
Besides, to receive their repayment in the first place, the model need to first earn the minimal required sum, specified inside the contract, usually about 50 bucks. 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 among a week and a month if not more. And you can add 3– 5 days spent for bank transfer process.
These are just symptoms of the core problem of this world — lack of transparency. No person feel confident in any individual — clients are afraid of identity theft and models fear so much deanonymization, blackmail and threats of exposing their do the job to their friends and family and friends. Studio management might use threats and fear to force the models to continue working and the streaming providers might illegally use information that is personal of both, models and clients.
Such platforms always use some form of IDENTIFICATION to verify the personality of their models for internal purposes, it is a vital part of how they work. And each system makes their own client databases, collecting the payment details about when, what for and just how much each client compensates, geolocation data and sometimes calls for ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The net is full of interviews with livecam models who fell prey to blackmail.
— It’ s unsafe to work at the studio room if you want to keep your identity secret. I can tell you a story of a version, 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 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 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 system with tokens.
This solves almost all problems we mentioned thus far.
Tokenization removes the advantages of intermediaries and completely gets rid of them from the chain. Protection of data storage and transfer in blockchain technology is certainly above and beyond anything else we have today. Identity verification will still take place, since all models has to be of the full legal age to work in this field, nevertheless 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 encrypted.
Blockchain ventures fully solve the issue of the client’ s anonymity.
The very transaction procedure will be significantly quicker, as the intermediary banks and the need to convert money in to the platform’ s internal payment means are completely taken out of the picture. The latter is substituted by LIVE tokens, and this can be used to pay for the service or be sold at a symbol 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 in any respect, if they wish to do so, since no platform offers repayments or resale opportunities.
The payment method 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 on the payment and not a moment later on.
Possibility of purchase errors is removed as well — blockchain technology will not allow for mistakes and purchase errors, when the customer’ s funds are blocked by bank.
What will Live Stars change?
What does such program looks like? What will change because of its participants: clients and designs?
On average, 250 new models register on the top-tier websites daily.
many of these are newcomers, who do not worked at this platform
10% of them can 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 discussed: emotionally taxing job, danger of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that do not come on time. It brings about a situation of many young products completely leaving the discipline 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 websites.
Low accessibility barrier will attract more models and lack of negative monetary experience will increase the percentage of the who will chose to stay.
If the clients happen to be 100% certain of their own security and anonymity, the number of people offering for the model’ t service will increase. Currently, many webcam audience is content with free live streams and doesn’ t pay anything at all, afraid of dealing with unclear and potentially dangerous payment system. Whenever some of them will move to the category of paying clients, it can completely change webcam industry landscape. It is quite possible, that the general direction of such platform will become less porn-orientated and move towards merely personal communication, which is what attracts the clients in the first place.
Another important element: private video chats and text chats will use webRTC based on one-to-one principle, individually of servers. Nobody, such as website administration, will have access to a private chat.
Every website has their diva. They are usually promoted by website itself, put near the top of the ratings and seen by the largest audience. It will always be a closed mechanism, which harms the customer who’ g like to see the actual information about the model’ s rating and it harms other versions 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 rating is distributed in a reasonable and objective manner.
The future of webcam industry
In the end, blockchain will lead to creation of any unique unprecedented online program, with independent financially insured webcam models who finally left behind the discomfort of constant stress and the buyers completely certain in their secureness and anonymity.
The content is bound to change too: currently models feel pressured to have “ mainstream” displays, something, that majority of consumers are ready to pay for, just to have some income. In the conditions of an secure and open program, they can produce income by providing services for a smaller sized audience. It can be just a friendly conversation or specific lovemaking interests.