How blockchain will change webcam business: security and anonymity
Live Stars offers a new perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will eventually change many aspects of our world. Usually, we hear about presenting blockchain into financial field, but it can be used in many different fields. For example , Live Actors company has found, one could think, an unexpected application to get blockchain — webcam business.
Webcam is considered the most technologically advanced branch of online adult porn industry. Models (usually, women) converse with video chat users and, for additional payments, position, strip and perform particular actions of sexual mother nature. It’ s often carried out with own funds and methods — all you need is a internet camera, Internet access and a living room. However free webcam porn, there are specialized dojos, where several models could work at the same time. Webcams monumentally differ from offline part of sex sector and porn videos. The real key differences are the absence of physical contact between the model plus the client and all the obligations are non-cash.
How does it work?
Behind every version, there is a crowd of various other personnel: agency owners, studio managers, staffed internal deal platforms.
Every link in this chain subtracts their share of the model’ s earning. A model operating at the agency usually will get 20– 25% of what her client paid. Possibly self-employed models get regarding 40%, with the rest taken by the webcam hosting tools.
The client by no means pays directly to the unit, they usually use some form of conditional currency, valid on one particular website. The funds tend not to go directly to the unit and at the each level the paid sum suffers transfer and conversion costs. When the “ tokens” are ordered, a percentage goes to the online budget or banking service, when the client pays with this token, webcam platform gets its share and there is one other intermediate party at the dollars withdrawal stage.
Besides, to receive their repayment 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 actually this much. Besides, these obligations 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– five days spent for loan provider transfer process.
These are just symptoms of the core problem of this world — lack of transparency. No person feel confident in anyone — clients are afraid of identity theft and models are afraid of deanonymization, blackmail and dangers of exposing their function to their friends and friends and family. Studio management might make use of threats and fear to force the models to continue working and the streaming companies might illegally use information that is personal of both, models and clients.
Such platforms always use some form of ID to verify the identification of their models for inner purposes, it is a vital part of how they work. And each system makes their own client database, collecting the payment information about when, what for and exactly how much each client will pay, geolocation data and sometimes requires ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The web is full of interviews with webcam models who fell prey to blackmail.
— It’ s not safe to work at the business if you want to keep your identity key. I can tell you a story of a unit, whose work was recorded plus the videos were sent to her boyfriend. There were threats to deliver these videos to her parents as well. The same can happen when the contract runs out or when the model just really wants to quit. What to do with that, no one knows.
Ardore, a webcam model
Blockchain the Savior
According to Live Stars, how can blockchain improve this semi-legal and often risky field of work?
The main difference is comprehensive anonymity guaranteed by the program and replacement of internal payment processing system with tokens.
This solves almost all complications we mentioned thus far.
Tokenization removes the need for intermediaries and completely gets rid of them from the chain. Security of data storage and transfer in blockchain technology is definitely 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, nevertheless the model can remove some of their personal information from the program 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 ventures fully solve the issue of the client’ s anonymity.
The very transaction method will be significantly quicker, seeing that the intermediary banks as well as the need to convert money into the platform’ s internal payment means are completely taken out of the picture. The latter is changed by LIVE tokens, and this 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 yet, they cannot get their money back at all, 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 extra modules and ways of payment.
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 after.
Possibility of purchase errors is removed as well — blockchain technology would not allow for mistakes and transaction errors, when the customer’ ersus funds are blocked by bank.
What is going to Live Stars change?
What does such system looks like? What will change because of its participants: clients and versions?
On average, 250 new products register on the top-tier websites daily.
many of these are newcomers, who never worked at this platform
10% of them will 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, risk of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that do not come on time. It results in a situation of many young models completely leaving the field after their first experience.
A program built on open source code, transparency and blockchain structure will radically differ from current semi-legal and closed tools.
Low access barrier will attract more products and lack of negative fiscal experience will increase the percentage of those 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’ ersus service will increase. Currently, majority of webcam audience is at ease with free live streams and doesn’ t pay anything at all, afraid of dealing with unclear and potentially dangerous payment system. In the event some of them will move to the category of paying clients, it will eventually completely change webcam industry landscape. It is quite possible, the 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 aspect: 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 access to a private chat.
Every website has its diva. They are usually promoted by the website itself, put on top of the ratings and looked at by the largest audience. It is always a closed mechanism, which harms the customer who’ g like to see the actual information about the model’ s rating and it harms other designs who lose the money due to unfairly low evaluations. Besides, unfair rating is merely an extra source of psychological tension for the model. The open source code will allows anyone to make sure, that the rating is distributed in a fair and objective manner.
The future of webcam sector
In the end, blockchain will lead to creation of your unique unprecedented online program, with independent financially reinforced 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 forced to have “ mainstream” shows, something, that majority of consumers are ready to pay for, just to have some income. In the conditions of a secure and open platform, they can produce income via providing services for a smaller audience. It can be just a friendly conversation or specific sex-related interests.