How blockchain will change webcam business: security and being anonymous
Live Stars offers a fresh perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will eventually change many aspects of our lives. Usually, we hear about bringing out blockchain into financial field, but it can be used in many additional fields. For example , Live Stars company has found, one might think, an unexpected application pertaining to 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, cause, strip and perform specific actions of sexual character. It’ s often carried out with own funds and assets — all you need is a web camera, Internet access and an area. However , there are specialized broadcasters, where several models can function at the same time. Webcams monumentally vary from offline part of sex sector and porn videos. The main element differences are the absence of physical figa scopata contact between the model and the client and all the repayments are non-cash.
How does it work?
Behind every unit, there is a crowd of various other personnel: agency owners, business managers, staffed internal purchase platforms.
Each link in this chain deducts their share of the model’ s earning. A model working at the agency usually obtains 20– 25% of what her client paid. Actually self-employed models get about 40%, with the rest taken by the webcam hosting platforms.
The client under no circumstances 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 undergoes transfer and conversion service fees. 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 a further intermediate party at the money withdrawal stage.
Besides, to receive their repayment in the first place, the model must first earn the nominal required sum, specified in the contract, usually about 50 dollars. Incidentally, 99% of men models usually do not get paid actually this much. Besides, these repayments do not reach their receiver 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 standard bank transfer process.
These are just symptoms of the core problem of this ball — lack of transparency. Nobody feel confident in any individual — clients are afraid of id theft and models are afraid of deanonymization, blackmail and dangers of exposing their function to their friends and family and friends. Studio management might apply threats and fear to force the models to continue working and the streaming companies might illegally use private information of both, models and clients.
Many of these platforms always use some form of IDENTITY to verify the id of their models for internal purposes, it is a vital a part of how they work. And each system makes their own client repository, collecting the payment information regarding when, what for and exactly how much each client pays off, geolocation data and sometimes wants ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The web is full of interviews with web cam models who fell feed 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 version, 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 perhaps when the model just wants to quit. What to do with that, nobody knows.
Ardore, a webcam model
Blockchain the Messiah
According to Live Stars, how can blockchain boost this semi-legal and often unsafe field of work?
The main difference is comprehensive anonymity guaranteed by the system and replacement of internal transaction processing system with tokens.
This solves almost all concerns we mentioned thus far.
Tokenization removes the need for intermediaries and completely cleans away them from the chain. Security of data storage and transfer in blockchain technology is above and beyond anything else we have today. Identity verification will still take place, since all models has to be of the full legal age to work in this field, but the model can remove any one of their personal information from the program at any point in time, which is supported by the open source code. The uploaded data, after having been approved by management, will always be encrypted.
Blockchain deals fully solve the issue of the client’ s anonymity.
The very transaction method will be significantly quicker, as the intermediary banks plus the need to convert money in the platform’ s internal repayment means are completely removed from the picture. The latter is substituted by LIVE tokens, which can be used to pay for the support or be sold at a symbol exchange platform. At the moment, in the event the client happens to have some inside platform currency they bought but did not spent yet, they cannot get their money back at all, if they wish to do so, since no platform offers refunds or resale opportunities.
The payment process itself becomes simpler and includes possibility of attaching added 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 with the payment and not a moment afterwards.
Possibility of deal errors is removed as well — blockchain technology will not allow for mistakes and transaction errors, when the customer’ h funds are blocked by the bank.
And what will Live Stars change?
What does such program looks like? What will change for its participants: clients and versions?
On average, 250 new models register on the top-tier websites daily.
many of these are newcomers, who do not worked at this platform
10% of them definitely will continue working on the same program
60% have to quit, due to not reaching the minimal required earning.
The low percentage of webcam newcomers is easily explained: emotionally taxing job, danger of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that hardly ever come on time. It ends in a situation of many young versions completely leaving the field after their first experience.
A system built on open source code, transparency and blockchain system will radically differ from current semi-legal and closed tools.
Low access barrier will attract more versions and lack of negative monetary experience will increase the percentage of 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 whatever, afraid of dealing with unclear and potentially dangerous payment system. In the event some of them will move to the class of paying clients, it will completely change webcam industry landscape. It is quite possible, the general direction of such platform will become less porn-orientated and move towards merely personal communication, which is what attracts the clients to begin with.
Another important aspect: private video chats and text chats will use webRTC based on one-to-one principle, independently of servers. Nobody, such as the website administration, will have use of a private chat.
Every website has it is diva. They are usually promoted by the website itself, put at the top of the ratings and viewed by the largest audience. It is always a closed mechanism, which usually harms the customer who’ d like to see the actual information about the model’ s rating and it harms other models who lose the profits due to unfairly low scores. Besides, unfair rating is merely an extra source of psychological strain for the model. The open source code will allows 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 a unique unprecedented online program, with independent financially guaranteed webcam models who finally left behind the discomfort of constant stress and the clients completely certain in their security and anonymity.
The content is bound to change as well: currently models feel pushed to have “ mainstream” displays, something, that majority of customers are ready to pay for, just to have some income. In the conditions of the secure and open system, they can produce income out of providing services for a small audience. It can be just a friendly conversation or specific sexual interests.