How blockchain will change livecam business: security and anonymity
Live Stars offers a new 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 launching blockchain into financial ballpark, but it can be used in many different fields. For example , Live Actors company has found, one might think, an unexpected application for blockchain — webcam organization.
Webcam is 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 dynamics. It’ s often finished with own funds and assets — all you need is a internet camera, Internet access and an area. However , there are specialized studios, where several models could work at the same time. Webcams monumentally differ from offline part of sex sector and porn videos. The real 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 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 working at the agency usually obtains 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 style, they usually use some form of conditional currency, valid on one particular website. The funds 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 or banking service, when the client pays with this token, webcam platform gets its share and there is one more intermediate party at the income withdrawal stage.
Besides, to receive their payment in the first place, the model must first earn the nominal required sum, specified in the contract, usually about 50 bucks. Incidentally, 99% of guy models usually do not get paid even this much. Besides, these obligations do not reach their receiver 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– a few days spent for bank transfer process.
These are just symptoms of the core problem of this sphere — lack of transparency. No one feel confident in anyone — clients are afraid of individuality theft and models fear so much deanonymization, blackmail and hazards of exposing their work to their friends and family and friends. Studio management might make use of threats and fear to force the models to remain working and the streaming services might illegally use private information of both, models and clients.
Many of these platforms always use some form of IDENTITY to verify the individuality of their models for inner purposes, it is a vital a part of how they work. And each program makes their own client database, collecting the payment info on when, what for and how much each client gives, geolocation data and sometimes calls for ID as well.
Security and anonymity of provided data completely depends upon what integrity of the intermediaries. The net is full of interviews with webcam models who fell fodder to blackmail.
— It’ s unsafe to work at the studio if you want to keep your identity top secret. I can tell you a story of a model, 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 if the contract runs out or when the model just wants to quit. What to do with that, nobody knows.
Ardore, a webcam model
Blockchain the Saving grace
According to have Stars, how can blockchain boost this semi-legal and often dangerous field of work?
The main difference is total anonymity guaranteed by the system and replacement of internal payment processing system with tokens.
This solves almost all complications we mentioned thus far.
Tokenization removes the need for intermediaries and completely cleans away them from the chain. Reliability of data storage and transfer in blockchain technology is definitely above and beyond anything else we chat sex free have today. Identity verification will nonetheless take place, since all models has to be of the full legal age to work in this field, nevertheless the model can remove any of their personal information from the program at any point in time, which is maintained the open source code. The uploaded data, after he was approved by management, will always be encrypted.
Blockchain transactions fully solve the issue of the client’ s anonymity.
The very transaction method will be significantly quicker, while the intermediary banks plus the need to convert money in to the platform’ s internal repayment means are completely taken off the picture. The latter is changed by LIVE tokens, that can be used to pay for the program 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 yet, they cannot get their money back in any respect, if they wish to do so, seeing that 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 types 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 purchase errors is removed as well — blockchain technology does not allow for mistakes and transaction errors, when the customer’ h funds are blocked by bank.
What will Live Stars change?
What does such platform looks like? What will change because of its participants: clients and types?
On average, 250 new types register on the top-tier websites daily.
79% are newcomers, who by no means worked at this platform
10% of them definitely will continue working on the same program
60% are forced to quit, due to not achieving the minimal required earning.
The low percentage of webcam newcomers is easily described: emotionally taxing job, threat of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that under no circumstances come on time. It leads to 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 platforms.
Low access barrier will attract more versions and lack of negative financial 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 willing to pay for the model’ t service will increase. Currently, most of webcam audience is quite happy with free live streams and doesn’ t pay anything at all, afraid of dealing with unclear and potentially dangerous payment system. Whenever some of them will move to the category of paying clients, it will completely change webcam sector landscape. It is quite possible, that 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 to begin with.
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 access to a private chat.
Every website has its diva. They are usually promoted by the website itself, put near the top of the ratings and looked at by the largest audience. It will always be a closed mechanism, which harms the customer who’ n like to see the actual information about the model’ s rating and it harms other designs who lose the profits due to unfairly low scores. Besides, unfair rating is just an extra source of psychological anxiety for the model. The open source code will allows anyone to make sure, that the ranking is distributed in a good 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 supported 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 as well: currently models feel pushed 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 system, they can produce income out of providing services for a small audience. It can be just a friendly conversation or specific lovemaking interests.