How blockchain will change livecam 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 lives. Usually, we hear about bringing out 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 business.
Webcam is among the most technologically advanced branch of online adult movie industry. Models (usually, women) converse with video chat users and, for additional payments, position, strip and perform particular actions of sexual dynamics. It’ s often finished with own funds and assets — all you need is a internet camera, Internet access and an area. However , there are specialized broadcasters, where several models could work at the same time. Webcams monumentally differ from offline part of sex industry and porn videos. The main element 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 style, there is a crowd of other personnel: agency owners, studio room managers, staffed internal deal platforms.
Every single link in this chain deducts their share of the model’ s earning. A model operating at the agency usually receives 20– 25% of what her client paid. Even self-employed models get about 40%, with the rest taken by the webcam hosting programs.
The client by no means 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 unit and at the each level the paid sum undergoes transfer and conversion costs. When the “ tokens” are purchased, a percentage goes to the online finances or banking service, if the client pays with this kind of token, webcam platform gets its share and there is an additional intermediate party at the funds withdrawal stage.
Besides, to receive their repayment in the first place, the model need to first earn the nominal required sum, specified inside the contract, usually about 50 dollars. Incidentally, 99% of male models usually do not get paid possibly 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 maybe 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 ball — lack of transparency. Nobody feel confident in anyone — clients are afraid of identity theft and models are afraid of deanonymization, blackmail and dangers of exposing their job to their friends and family members. Studio management might employ threats and fear to force the models to continue working and the streaming providers might illegally use personal information of both, models and clients.
Many of these platforms always use some form of IDENTIFICATION to verify the individuality of their models for inner purposes, it is a vital element of how they work. And each program makes their own client data source, collecting the payment info on when, what for and how much each client will pay, geolocation data and sometimes calls for 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 victim to blackmail.
— It’ s unsafe to work at the studio room if you want to keep your identity solution. 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 parents as well. The same can happen if the contract runs out or when the model just wants to quit. What to do with that, no one knows.
Impegno, a webcam model
Blockchain the Savior
According to have Stars, how can blockchain boost this semi-legal and often dangerous field of work?
The main difference is finished anonymity guaranteed by the system and replacement of internal payment system with tokens.
This solves almost all concerns we mentioned thus far.
Tokenization removes the need for intermediaries and completely removes them from the chain. Secureness of data storage and copy 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, but the model can remove some of their personal information from the system at any point in time, which is maintained the open source code. The uploaded data, after previously being approved by management, will always be encrypted.
Blockchain trades fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, while the intermediary banks as well as the need to convert money into the platform’ s internal payment means are completely removed from the picture. The latter is replaced by LIVE tokens, which can be used to pay for the support or be sold at a token exchange platform. At the moment, if the client happens to have some inner platform currency they bought but did not spent yet, 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 extra 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 on the payment and not a moment in the future.
Possibility of transaction errors is removed too — blockchain technology will not allow for mistakes and purchase errors, when the customer’ ersus funds are blocked by the bank.
What is going to Live Stars change?
What does such platform looks like? What will change due to its participants: clients and models?
On average, 250 new types register on the top-tier websites daily.
80% are newcomers, who do not worked at this platform
10% of them definitely will continue working on the same system
60% have to quit, due to not reaching 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 never come on time. It ends in a situation of many young models 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 programs.
Low entrance barrier will attract more models and lack of negative fiscal experience will increase the percentage of the people who will chose to stay. chatgratis
If the clients are 100% certain of their own security and anonymity, the number of people offering for the model’ ersus service will increase. Currently, many 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 will eventually completely change webcam industry landscape. It is quite possible, that general direction of such platform will become less porn-orientated and move towards just simply personal communication, which is what attracts the clients to start with.
Another important factor: private video chats and text chats will use webRTC based on one-to-one principle, separately of servers. Nobody, like the website administration, will have access to a private chat.
Every website has their diva. They are usually promoted by the website itself, put on top of the ratings and seen by the largest audience. It is always a closed mechanism, which harms the customer who’ d like to see the actual information about the model’ s rating and it harms other types who lose the cash flow due to unfairly low scores. Besides, unfair rating is just an extra source of psychological strain for the model. The open source code will allows 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 your unique unprecedented online platform, with independent financially reinforced webcam models who finally left behind the discomfort of constant stress and the consumers completely certain in their protection and anonymity.
The content is bound to change as well: currently models feel compelled to have “ mainstream” displays, something, that majority of clients are ready to pay for, just to have some income. In the conditions of any secure and open system, they can produce income coming from providing services for a smaller sized audience. It can be just a friendly conversation or specific intimate interests.