How blockchain will change webcam business: security and invisiblity
Live Stars offers a new perspective at the problems of webcam industry — combine porn and blockchain technology
Blockchain will soon change many aspects of our activities. Usually, we hear about producing blockchain into financial world, but it can be used in many additional fields. For example , Live Actors company has found, one may well think, an unexpected application intended for blockchain — webcam business.
Webcam is among the most technologically advanced branch of online porno industry. Models (usually, women) converse with video chat users and, for additional payments, pose, strip and perform particular actions of sexual nature. It’ s often finished with own funds and solutions — all you need is a net camera, Internet access and a space. However , there are specialized dojos, where several models can function at the same time. Webcams monumentally vary from offline part of sex sector and porn videos. The key differences are the absence of physical contact between the model as well as the client and all the repayments are non-cash.
How does it work?
Behind every unit, there is a crowd of other personnel: agency owners, business managers, staffed internal purchase platforms.
Every single link in this chain subtracts their share of the model’ s earning. A model functioning at the agency usually gets 20– 25% of what her client paid. Actually self-employed models get regarding 40%, with the rest taken by the webcam hosting systems.
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 unit and at the each level the paid sum suffers transfer and conversion charges. When the “ tokens” are purchased, a percentage goes to the online budget or banking service, when the client pays with this kind of token, webcam platform gets its share and there is an additional intermediate party at the money withdrawal stage.
Besides, to receive their payment in the first place, the model need to first earn the nominal required sum, specified in the contract, usually about 50 bucks. Incidentally, 99% of guy models usually do not get paid also this much. Besides, these payments 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 maybe more. And you can add 3– 5 days spent for loan provider transfer process.
These are just symptoms of the core problem of this sphere — lack of transparency. Nobody feel confident in any person — clients are afraid of id theft and models are afraid of deanonymization, blackmail and dangers of exposing their job to their friends and loved ones. Studio management might work with threats and fear to force the models to keep working and the streaming companies might illegally use information that is personal of both, models and clients.
Such platforms always use some form of IDENTIFICATION to verify sborrate trans the identity 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 details about when, what for and how much each client gives, geolocation data and sometimes needs 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 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 style, whose work was recorded and the videos were sent to her boyfriend. There were threats to send these videos to her parents as well. The same can happen when the contract runs out or when the model just wants to quit. What to do with that, no one knows.
Ardore, a webcam model
Blockchain the Messiah
According to have Stars, how can blockchain boost this semi-legal and often dangerous field of work?
The main difference is full anonymity guaranteed by the program and replacement of internal transaction processing system with tokens.
This solves almost all complications we mentioned thus far.
Tokenization removes the need for intermediaries and completely takes away them from the chain. Security of data storage and copy in blockchain technology is above and beyond anything else we have today. Identity verification will still take place, since all models should be of the full legal age to work in this field, but the model can remove any one of their personal information from the system 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 procedure will be significantly quicker, because the intermediary banks and the need to convert money in to the platform’ s internal payment means are completely taken out of the picture. The latter is substituted by LIVE tokens, which may be used to pay for the assistance 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 however, they cannot get their money back in any respect, if they wish to do so, since no platform offers repayments or resale opportunities.
The payment procedure itself becomes simpler and includes possibility of attaching added modules and ways of payment.
The designs 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 in the future.
Possibility of transaction errors is removed as well — blockchain technology will not allow for mistakes and transaction errors, when the customer’ ersus funds are blocked by the bank.
And what will Live Stars change?
What does such program looks like? What will change because of its participants: clients and types?
On average, 250 new products 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 program
60% are forced 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 do not come on time. It results in a situation of many young products 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 platforms.
Low entry barrier will attract more products and lack of negative fiscal experience will increase the percentage of the 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’ s i9000 service will increase. Currently, many 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 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 just 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, individually 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 on top of the ratings and seen by the largest audience. It will always be a closed mechanism, which in turn harms the customer who’ deb like to see the actual advice about the model’ s rating and it harms other products who lose the income due to unfairly low reviews. Besides, unfair rating is just an extra source of psychological tension for the model. The open source code will enables anyone to make sure, that the rating is distributed in a reasonable and objective manner.
The future of webcam market
In the end, blockchain will lead to creation of a unique unprecedented online program, with independent financially insured webcam models who finally left behind the discomfort of constant stress and the clients completely certain in their protection and anonymity.
The content is bound to change too: currently models feel pressured to have “ mainstream” displays, something, that majority of customers are ready to pay for, just to incorporate some income. In the conditions of an secure and open platform, they can produce income by providing services for a small audience. It can be just a friendly conversation or specific sex interests.