How blockchain will change cam business: security and being anonymous
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 world. Usually, we hear about presenting blockchain into financial ball, but it can be used in many other fields. For example , Live Actors company has found, one may possibly think, an unexpected application intended for blockchain — webcam organization.
Webcam is among 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 a number of actions of sexual characteristics. It’ s often completed with own funds and information — all you need is a web camera, Internet access and a room. However , there are specialized studios, where several models can function at the same time. Webcams monumentally differ from offline part of sex industry and porn videos. The real key differences are the absence of physical contact between the model plus the client and all the obligations are non-cash.
How does it work?
Behind every style, there is a crowd of additional personnel: agency owners, business 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 obtains 20– 25% of what her client paid. Even self-employed models get regarding 40%, with the rest used by the webcam hosting tools.
The client never 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 level the paid sum undergoes transfer and conversion service fees. When the “ tokens” are purchased, a percentage goes to the online pocket or banking service, if the client pays with this kind of token, webcam platform gets its share and there is one more intermediate party at the income withdrawal stage.
Besides, to receive their repayment in the first place, the model need to first earn the minimal required sum, specified in the contract, usually about 50 dollars. Incidentally, 99% of guy models usually do not get paid possibly this much. Besides, these obligations do not reach their recipient right away. The platform can hold the payment for any period of time between a week and a month or even more. And you can add 3– 5 days spent for lender transfer process.
These are just symptoms of the core problem of this field — lack of transparency. Nobody feel confident in any individual — clients are afraid of id theft and models are afraid of deanonymization, blackmail and threats of exposing their do the job to their friends and family. Studio management might employ threats and fear to force the models to carry on working and the streaming companies might illegally use personal information of both, models and clients.
Such platforms always use some form of ID to verify the id of their models for inside purposes, it is a vital component to how they work. And each program makes their own client database, collecting the payment info on when, what for and exactly how much each client pays off, geolocation data and sometimes needs 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 studio room if you want to keep your identity secret. I can tell you a story of a version, whose work was recorded plus 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 when the contract runs out or when the model just desires to quit. What to do with that, nobody knows.
Ardore, a webcam model
Blockchain the Deliverer
According to have Stars, how can blockchain boost this semi-legal and often dangerous field of work?
The main difference is finished anonymity guaranteed by the program 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. Protection of data storage and transfer in blockchain technology is definitely 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, nevertheless the model can remove any kind of their personal information from the system at any point in time, which is maintained the open source code. The uploaded data, after having been approved by management, will always be encrypted.
Blockchain trades fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, because the intermediary banks and the need to convert money in to the platform’ s internal payment means are completely removed from the porn chat picture. The latter is replaced by LIVE tokens, and this can be used to pay for the service or be sold at a token exchange platform. At the moment, if the client happens to have some inner platform currency they bought but did not spent yet, they cannot get their money back in any way, 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 products 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 after.
Possibility of purchase errors is removed too — blockchain technology does not allow for mistakes and purchase errors, when the customer’ h funds are blocked by bank.
What will Live Stars change?
What does such program looks like? What will change due to the participants: clients and versions?
On average, 250 new versions register on the top-tier websites daily.
many of these are newcomers, who under no circumstances worked at this platform
10% of them is going to 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 discussed: emotionally taxing job, threat of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that by no means come on time. It results in a situation of many young designs completely leaving the discipline after their first experience.
A platform built on open source code, transparency and blockchain infrastructure will radically differ from current semi-legal and closed tools.
Low access barrier will attract more models and lack of negative economical experience will increase the percentage of those who will chose to stay.
If the clients will be 100% certain of their own security and anonymity, the number of people offering for the model’ ersus service will increase. Currently, most webcam audience is at ease 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 sector landscape. It is quite possible, the fact that general direction of such platform will become less porn-orientated and move towards just simply 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, independently of servers. Nobody, such as the website administration, will have usage of a private chat.
Every website has the diva. They are usually promoted by the website itself, put towards the top of the ratings and seen by the largest audience. It is usually a closed mechanism, which in turn harms the customer who’ n like to see the actual advice about the model’ s rating and it harms other types who lose the income due to unfairly low ratings. Besides, unfair rating is merely an extra source of psychological tension 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 industry
In the end, blockchain will lead to creation of a unique unprecedented online platform, with independent financially reinforced webcam models who finally left behind the discomfort of constant stress and the consumers completely certain in their security and anonymity.
The content is bound to change as well: currently models feel made to have “ mainstream” shows, something, that majority of consumers are ready to pay for, just to incorporate some income. In the conditions of an secure and open system, they can produce income via providing services for a smaller audience. It can be just a friendly conversation or specific intimate interests.