How blockchain will change webcam business: security and invisiblity
Live Stars offers a brand new perspective at the problems of webcam industry — combine porn and blockchain technology
Blockchain will eventually change many aspects of our activities. Usually, we hear about producing blockchain into financial sphere, but it can be used in many different fields. For example , Live Personalities company has found, one may think, an unexpected application pertaining to blockchain — webcam organization.
Webcam is the most technologically advanced branch of online adult porn industry. Models (usually, women) converse with video chat users and, for additional payments, offer, strip and perform specific actions of sexual character. It’ s often carried out with own funds and assets — all you need is a net camera, Internet access and an area. However , there are specialized studios, where several models can perform at the same time. Webcams monumentally differ from offline part of sex market 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 unit, there is a crowd of other personnel: agency owners, studio room managers, staffed internal deal platforms.
Each 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. Even self-employed models get about 40%, with the rest used by the webcam hosting platforms.
The client do not pays directly to the style, 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 stage the paid sum undergoes transfer and conversion service fees. When the “ tokens” are ordered, a percentage goes to the online wallet or banking service, if the client pays with this kind of token, webcam platform gets its share and there is one other intermediate party at the income withdrawal stage.
Besides, to receive their payment in the first place, the model need to first earn the little required sum, specified in the contract, usually about 50 dollars. Incidentally, 99% of male models usually do not get paid actually this much. Besides, these repayments do not reach their beneficiary 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– 5 various days spent for loan provider transfer process.
These are just symptoms of the core problem of this ball — lack of transparency. No one feel confident in any individual — clients are afraid of identity theft and models fear so much deanonymization, blackmail and hazards of exposing their do the job to their friends and friends and family. Studio management might work with threats and fear to force the models to remain working and the streaming services might illegally use sensitive information of both, models and clients.
Such platforms always use some form of IDENTITY to verify the identification of their models for interior purposes, it is a vital element of how they work. And each platform makes their own client data source, collecting the payment information about when, what for and exactly how much each client pays, geolocation data and sometimes demands ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The net is full of interviews with webcam models who fell feed to blackmail.
— It’ s not safe to work at the facility if you want to keep your identity key. 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 send these videos to her parents as well. The same can happen if the contract runs out or perhaps when the model just desires to quit. What to do with that, no one knows.
Impegno, a webcam model
Blockchain the Messiah
According to Live Stars, how can blockchain improve this semi-legal and often harmful 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 advantages of intermediaries and completely gets rid of them from the chain. Protection of data storage and copy in blockchain technology is certainly 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 program at any point in time, which is maintained the open source code. The uploaded data, after previously being matures approved by management, will always be encrypted.
Blockchain trades fully solve the issue of the client’ s anonymity.
The very transaction method will be significantly quicker, as the intermediary banks as well as the need to convert money in the platform’ s internal payment means are completely taken out of the picture. The latter is changed by LIVE tokens, which is often used to pay for the assistance or be sold at a token exchange platform. At the moment, in case the client happens to have some inner platform currency they bought but did not spent yet, they cannot get their money back by any means, if they wish to do so, seeing that no platform offers refunds or resale opportunities.
The payment process itself becomes simpler and includes possibility of attaching extra 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 from the payment and not a moment later on.
Possibility of deal 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 will Live Stars change?
What does such system looks like? What will change due to its participants: clients and types?
On average, 250 new versions register on the top-tier websites daily.
80% are newcomers, who hardly ever worked at this platform
10% of them will continue working on the same system
60% have to quit, due to not achieving the minimal required earning.
The low percentage of webcam newcomers is easily described: emotionally taxing job, danger 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 types completely leaving the field after their first knowledge.
A program built on open source code, transparency and blockchain infrastructure will radically differ from current semi-legal and closed websites.
Low entry barrier will attract more designs and lack of negative monetary 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 offering for the model’ h service will increase. Currently, most of webcam audience is quite happy with free live streams and doesn’ t pay anything, afraid of dealing with unclear and potentially dangerous payment system. In the event that some of them will move to the class of paying clients, it will completely change webcam market landscape. It is quite possible, the general direction of many of these platform will become less porn-orientated and move towards merely 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, on their own of servers. Nobody, such as website administration, will have entry to a private chat.
Every website has the diva. They are usually promoted by website itself, put on top of the ratings and looked at by the largest audience. It is usually a closed mechanism, which will harms the customer who’ d like to see the actual advice about the model’ s rating and it harms other models who lose the salary due to unfairly low evaluations. Besides, unfair rating is merely an extra source of psychological stress 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 market
In the end, blockchain will lead to creation of your unique unprecedented online system, with independent financially guaranteed webcam models who finally left behind the discomfort of constant stress and the buyers completely certain in their security and anonymity.
The content is bound to change too: currently models feel compelled to have “ mainstream” shows, something, that majority of clientele are ready to pay for, just to incorporate some income. In the conditions of a secure and open platform, they can produce income coming from providing services for a smaller sized audience. It can be just a friendly conversation or specific intimate interests.