How blockchain will change webcam business: security and invisiblity
Live Stars offers a brand new perspective at the problems of webcam industry — incorporate porn and blockchain technology
Blockchain will soon change many aspects of our world. Usually, we hear about introducing blockchain into financial ball, but it can be used in many various other fields. For example , Live Personalities company has found, one may well think, an unexpected application meant for blockchain — webcam business.
Webcam is considered the most technologically advanced branch of online adult movie industry. Models (usually, women) converse with video chat users and, for additional payments, pose, strip and perform particular actions of sexual dynamics. It’ s often done with own funds and resources — all you need is a web camera, Internet access and a living room. However , there are specialized galleries, where several models can work 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 and the client and all the obligations are non-cash.
How does it work?
Behind every unit, 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 gets 20– 25% of what her client paid. Even self-employed models get about 40%, with the rest used by the webcam hosting websites.
The client hardly ever pays directly to the version, they usually use some form of conditional currency, valid on one particular website. The funds will not go directly to the style and at the each stage the paid sum undergoes transfer and conversion costs. When the “ tokens” are purchased, a percentage goes to the online pocket book or banking service, when the client pays with this token, webcam platform gets its share and there is one other intermediate party at the porno videok cash withdrawal stage.
Besides, to receive their payment in the first place, the model must first earn the little required sum, specified in the contract, usually about 50 bucks. Incidentally, 99% of men models usually do not get paid possibly this much. Besides, these repayments do not reach their person right away. The platform can hold the payment for any period of time among a week and a month if not more. And you can add 3– a few days spent for loan company transfer process.
These are just symptoms of the core problem of this world — lack of transparency. No one feel confident in any person — clients are afraid of personality theft and models are afraid of deanonymization, blackmail and risks of exposing their function 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 solutions might illegally use sensitive information of both, models and clients.
Many of these platforms always use some form of IDENTIFICATION to verify the individuality of their models for interior purposes, it is a vital element of how they work. And each system makes their own client data source, collecting the payment info on when, what for and exactly how much each client will pay, geolocation data and sometimes wants ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The net is full of interviews with cam models who fell fodder to blackmail.
— It’ s not safe to work at the studio room if you want to keep your identity solution. I can tell you a story of a unit, whose work was recorded and the videos were sent to her boyfriend. There were threats to deliver these videos to her father and mother as well. The same can happen if the contract runs out or when the model just wants to quit. What to do with that, no person knows.
Impegno, a webcam model
Blockchain the Savior
According to Live Stars, how can blockchain boost this semi-legal and often risky field of work?
The main difference is complete anonymity guaranteed by the program and replacement of internal payment processing system with tokens.
This solves almost all concerns 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 usually above and beyond anything else we have today. Identity verification will nonetheless take place, since all models has to be of the full legal age to work in this field, however 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 approved by management, will always be encrypted.
Blockchain orders fully solve the issue of the client’ s anonymity.
The very transaction procedure will be significantly quicker, because the intermediary banks as well as the need to convert money in the platform’ s internal repayment 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 symbol exchange platform. At the moment, in case 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, as no platform offers repayments or resale opportunities.
The payment procedure itself becomes simpler and includes possibility of attaching further modules and ways of repayment.
The designs 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 later on.
Possibility of deal errors is removed as well — blockchain technology will not allow for mistakes and transaction errors, when the customer’ s funds are blocked by the bank.
And what will Live Stars change?
What does such program looks like? What will change due to its participants: clients and versions?
On average, 250 new models register on the top-tier websites daily.
many of these are newcomers, who under no circumstances worked at this platform
10% of them can continue working on the same system
60% have to quit, due to not reaching 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 hardly ever come on time. It ends in a situation of many young designs completely leaving the discipline after their first encounter.
A platform built on open source code, transparency and blockchain commercial infrastructure will radically differ from current semi-legal and closed tools.
Low entry barrier will attract more versions and lack of negative economical 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 service will increase. Currently, many webcam audience is quite happy 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 is going to completely change webcam sector landscape. It is quite possible, which the general direction of such platform will become less porn-orientated and move towards simply personal communication, which is what attracts the clients in the first place.
Another important factor: private video chats and text chats will use webRTC based on one-to-one principle, individually of servers. Nobody, like the website administration, will have usage of a private chat.
Every website has it is 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 in turn harms the customer who’ n like to see the actual information about the model’ s rating and it harms other models who lose the cash flow due to unfairly low reviews. Besides, unfair rating is merely an extra source of psychological anxiety for the model. The open source code will enables anyone to make sure, that the ranking is distributed in a fair 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 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” displays, something, that majority of consumers are ready to pay for, just to incorporate some income. In the conditions of a secure and open system, they can produce income out of providing services for a smaller sized audience. It can be just a friendly conversation or specific lovemaking interests.