How blockchain will change webcam business: security and being anonymous
Live Stars offers a new perspective at the problems of webcam industry — combine porn and blockchain technology
Blockchain will eventually change many aspects of our lives. Usually, we hear about bringing out blockchain into financial world, but it can be used in many different fields. For example , Live Superstars company has found, one may think, an unexpected application for blockchain — webcam organization.
Webcam is considered the most technologically advanced branch of online adult movie industry. Models (usually, women) converse with video chat users and, for additional payments, pose, strip and perform specific actions of sexual mother nature. It’ s often carried out with own funds and information — all you need is a net camera, Internet access and a living room. However , there are specialized dojos, where several models can perform at the same time. Webcams monumentally differ from offline part of sex sector 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 various other personnel: agency owners, facility managers, staffed internal deal platforms.
Each link in this chain deducts their share of the model’ s earning. A model working at the agency usually gets 20– 25% of what her client paid. Actually self-employed models get about 40%, with the rest used by the webcam hosting websites.
The client under no circumstances pays directly to the version, they usually use some form of conditional currency, valid on one particular website. The funds will not go directly to the style and at the each stage the paid sum undergoes transfer and conversion charges. When the “ live porn tokens” are purchased, a percentage goes to the online pocket or banking service, if the client pays with this kind of token, webcam platform gets its share and there is a further intermediate party at the money withdrawal stage.
Besides, to receive their payment 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 actually this much. Besides, these payments do not reach their beneficiary 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– your five days spent for lender transfer process.
These are just symptoms of the core problem of this ball — lack of transparency. No one feel confident in any person — clients are afraid of individuality theft and models are afraid of deanonymization, blackmail and hazards 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 products and services might illegally use information that is personal of both, models and clients.
Many of these platforms always use some form of IDENTITY to verify the personality of their models for inside purposes, it is a vital part of how they work. And each system makes their own client repository, collecting the payment info on when, what for and just how much each client pays, geolocation data and sometimes demands ID as well.
Security and anonymity of provided data completely depends upon what integrity of the intermediaries. The internet is full of interviews with web cam models who fell food to blackmail.
— It’ s unsafe to work at the studio 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 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 desires to quit. What to do with that, no person knows.
Lena, a webcam model
Blockchain the Savior
According to Live Stars, how can blockchain boost this semi-legal and often hazardous 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 problems we mentioned thus far.
Tokenization removes the advantages of intermediaries and completely gets rid of them from the chain. Secureness of data storage and transfer in blockchain technology can be above and beyond anything else we have today. Identity verification will nonetheless take place, since all models must be of the full legal age to work in this field, however the model can remove any one of their personal information from the system at any point in time, which is supported by the open source code. The uploaded data, after previously being approved by management, will always be protected.
Blockchain orders fully solve the issue of the client’ s anonymity.
The very transaction procedure will be significantly quicker, while 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 replaced by LIVE tokens, that can be used to pay for the support or be sold at a token exchange platform. At the moment, in case the client happens to have some interior platform currency they bought but did not spent but, they cannot get their money back at all, if they wish to do so, seeing that no platform offers refunds or resale opportunities.
The payment procedure itself becomes simpler and includes possibility of attaching further modules and ways of repayment.
The models 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 in the future.
Possibility of purchase errors is removed as well — blockchain technology does not allow for mistakes and transaction errors, when the customer’ ersus funds are blocked by the bank.
What will Live Stars change?
What does such platform looks like? What will change due to the participants: clients and designs?
On average, 250 new designs register on the top-tier websites daily.
79% are newcomers, who never worked at this platform
10% of them can continue working on the same platform
60% have to quit, due to not reaching the minimal required earning.
The low percentage of webcam newcomers is easily discussed: emotionally taxing job, threat of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that by no means come on time. It leads to a situation of many young models 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 tools.
Low access barrier will attract more versions and lack of negative economical experience will increase the percentage of the people who will chose to stay.
If the clients happen to be 100% certain of their own security and anonymity, the number of people willing to pay for the model’ h 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 will probably completely change webcam market landscape. It is quite possible, that general direction of such platform will become less porn-orientated and move towards only personal communication, which is what attracts the clients in the first place.
Another important feature: private video chats and text chats will use webRTC based on one-to-one principle, independently of servers. Nobody, including the website administration, will have usage of a private chat.
Every website has the diva. They are usually promoted by the website itself, put on top of the ratings and viewed by the largest audience. It will always be a closed mechanism, which will harms the customer who’ m like to see the actual advice about the model’ s rating and it harms other versions who lose the profits due to unfairly low rankings. Besides, unfair rating is just an extra source of psychological pressure for the model. The open source code will permits anyone to make sure, that the ranking 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 buyers completely certain in their protection and anonymity.
The content is bound to change too: currently models feel compelled to have “ mainstream” displays, something, that majority of clientele are ready to pay for, just to have some income. In the conditions of your secure and open platform, they can produce income via providing services for a smaller sized audience. It can be just a friendly conversation or specific sex-related interests.