How blockchain will change cam business: security and anonymity
Live Stars offers a brand new perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will eventually change many aspects of our activities. Usually, we hear about producing blockchain into financial ball, but it can be used in many various other fields. For example , Live Stars company has found, one might think, an unexpected application to get blockchain — webcam business.
Webcam is the most technologically advanced branch of online porno industry. Models (usually, women) converse with video chat users and, for additional payments, present, strip and perform a number of actions of sexual nature. It’ s often done with own funds and information — all you need is a internet camera, Internet access and an area. However , there are specialized galleries, where several models can 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 payments are non-cash.
How does it work?
Behind every style, there is a crowd of other personnel: agency owners, business managers, staffed internal deal platforms.
Every single link in this chain deducts their share of the model’ s earning. A model functioning at the agency usually gets 20– 25% of what her client paid. Also self-employed models get regarding 40%, with the rest taken by the webcam hosting tools.
The client by no means pays directly to the model, 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 level the paid sum endures transfer and conversion costs. When the “ tokens” are purchased, a percentage goes to the online pocket book or banking service, if the client pays with this kind of token, webcam platform gets its share and there is one more intermediate party at the dollars withdrawal stage.
Besides, to receive their repayment in the first place, the model need to first earn the little required sum, specified inside the contract, usually about 50 bucks. Incidentally, 99% of men models usually do not get paid even this much. Besides, these obligations do not reach their recipient right away. The platform can hold the payment for any period of time among a week and a month or even more. And you can add 3– five days spent for standard bank 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 personality theft and models fear porno con milf so much deanonymization, blackmail and threats 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 keep working and the streaming providers might illegally use information that is personal of both, models and clients.
Such platforms always use some form of IDENTITY to verify the identity of their models for interior purposes, it is a vital component to how they work. And each program makes their own client data source, collecting the payment info on when, what for and exactly how much each client pays off, geolocation data and sometimes requires ID as well.
Security and anonymity of provided data completely depends on the integrity of the intermediaries. The web is full of interviews with cam models who fell fodder to blackmail.
— It’ s not safe to work at the facilities if you want to keep your identity top secret. 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 send these videos to her father and mother as well. The same can happen if the contract runs out or when the model just really wants to quit. What to do with that, no one knows.
Lena, a webcam model
Blockchain the Saving grace
According to have Stars, how can blockchain improve this semi-legal and often dangerous field of work?
The main difference is finished anonymity guaranteed by the system 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. Reliability of data storage and copy in blockchain technology is certainly 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, but the model can remove some 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 protected.
Blockchain deals fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, since 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 changed by LIVE tokens, that can be used to pay for the services or be sold at a token exchange platform. At the moment, in the event the client happens to have some internal platform currency they bought but did not spent however, they cannot get their money back in any way, if they wish to do so, as no platform offers refunds or resale opportunities.
The payment process itself becomes simpler and includes possibility of attaching additional modules and ways of payment.
The products do not have to wait for months to get what they earned. The transaction comes at the moment in the payment and not a moment after.
Possibility of deal errors is removed as well — blockchain technology does not allow for mistakes and deal errors, when the customer’ t funds are blocked by the bank.
What is going to Live Stars change?
What does such program looks like? What will change because of its participants: clients and versions?
On average, 250 new versions register on the top-tier websites daily.
80 percent are newcomers, who never worked at this platform
10% of them definitely will continue working on the same platform
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, hazard of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that by no means come on time. It ends up with a situation of many young versions completely leaving the field after their first knowledge.
A system built on open source code, transparency and blockchain structure will radically differ from current semi-legal and closed tools.
Low entry barrier will attract more designs and lack of negative financial experience will increase the percentage of the people who will chose to stay.
If the clients are 100% certain of their own security and anonymity, the number of people offering for the model’ s service will increase. Currently, most of webcam audience is at ease with free live streams and doesn’ t pay nearly anything, 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 completely change webcam market landscape. It is quite possible, the fact that general direction of such platform will become less porn-orientated and move towards only personal communication, which is what attracts the clients to start with.
Another important element: 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 use of a private chat.
Every website has their diva. They are usually promoted by website itself, put on top of the ratings and looked at by the largest audience. It will always be a closed mechanism, which harms the customer who’ deb like to see the actual advice about the model’ s rating and it harms other types who lose the salary due to unfairly low ratings. Besides, unfair rating is merely an extra source of psychological pressure 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 the 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 secureness and anonymity.
The content is bound to change as well: currently models feel pressured to have “ mainstream” shows, something, that majority of consumers are ready to pay for, just to have some income. In the conditions of your secure and open program, they can produce income coming from providing services for a smaller audience. It can be just a friendly conversation or specific sex-related interests.