How blockchain will change cam 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 activities. Usually, we hear about presenting blockchain into financial ballpark, but it can be used in many additional fields. For example , Live Superstars company has found, one could think, an unexpected application meant for blockchain — webcam organization.
Webcam is the most technologically advanced branch of online adult industry. Models (usually, women) converse with video chat users and, for additional payments, present, strip and perform a number of actions of sexual characteristics. It’ s often completed with own funds and methods — all you need is a web camera, Internet access and an area. However , there are specialized broadcasters, where several models can work at the same time. Webcams monumentally differ 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 payments are non-cash.
How does it work?
Behind every style, there is a crowd of other personnel: agency owners, business managers, staffed internal transaction platforms.
Every single link in this chain deducts their share of the model’ s earning. A model operating at the agency usually receives 20– 25% of what her client paid. Also self-employed models get regarding 40%, with the rest taken by the webcam hosting systems.
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 do not go directly to the model and at the each stage the paid sum undergoes transfer and conversion fees. When the “ tokens” are purchased, a percentage goes to the online wallet or banking service, when the client pays with this kind of token, webcam platform gets its share and there is another intermediate party at the dollars withdrawal stage.
Besides, to receive their repayment in the first place, the model must first earn the minimal required sum, specified inside the contract, usually about $50. Incidentally, 99% of men models usually do not get paid even this much. Besides, these payments do not reach their individual 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– five days spent for standard bank transfer process.
These are just symptoms of the core problem of this ballpark — lack of transparency. black girls squirting No person feel confident in any person — clients are afraid of personality theft and models are afraid of deanonymization, blackmail and risks of exposing their job to their friends and family and friends. Studio management might use threats and fear to force the models to carry on working and the streaming products and services might illegally use personal information of both, models and clients.
Such platforms always use some form of IDENTIFICATION to verify the id of their models for inner purposes, it is a vital element of how they work. And each platform makes their own client database, collecting the payment information regarding when, what for and just how much each client compensates, geolocation data and sometimes demands ID as well.
Security and anonymity of provided data completely depends upon what integrity of the intermediaries. The internet is full of interviews with web cam models who fell victim to blackmail.
— It’ s unsafe to work at the studio if you want to keep your identity magic formula. I can tell you a story of a model, 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 perhaps when the model just wants to quit. What to do with that, no person knows.
Impegno, a webcam model
Blockchain the Saving grace
According to Live Stars, how can blockchain boost this semi-legal and often dangerous field of work?
The main difference is finished 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 gets rid of them from the chain. Secureness of data storage and transfer in blockchain technology is definitely above and beyond anything else we have today. Identity verification will nonetheless take place, since all models must 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 having been approved by management, will always be protected.
Blockchain transactions fully solve the issue of the client’ s anonymity.
The very transaction procedure will be significantly quicker, seeing that the intermediary banks plus the need to convert money into the platform’ s internal repayment means are completely taken off the picture. The latter is replaced by LIVE tokens, and this can be used to pay for the assistance or be sold at a symbol exchange platform. At the moment, if the client happens to have some inside platform currency they bought but did not spent but, they cannot get their money back by any means, 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 extra modules and ways of payment.
The versions do not have to wait for months to get what they earned. The transaction comes at the moment on the payment and not a moment in the future.
Possibility of deal errors is removed as well — blockchain technology would not allow for mistakes and purchase errors, when the customer’ ersus funds are blocked by the bank.
What will Live Stars change?
What does such platform looks like? What will change due to the participants: clients and models?
On average, 250 new designs register on the top-tier websites daily.
many of these are newcomers, who do not worked at this platform
10% of them will certainly 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 explained: emotionally taxing job, hazard of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that do not come on time. It ends in a situation of many young models completely leaving the field after their first encounter.
A system built on open source code, transparency and blockchain facilities will radically differ from current semi-legal and closed websites.
Low accessibility barrier will attract more designs and lack of negative financial experience will increase the percentage of these 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 content 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 class of paying clients, it will completely change webcam industry landscape. It is quite possible, the fact that general direction of many of these platform will become less porn-orientated and move towards simply personal communication, which is what attracts the clients in the first place.
Another important aspect: private video chats and text chats will use webRTC based on one-to-one principle, separately of servers. Nobody, like the website administration, will have usage of a private chat.
Every website has its diva. They are usually promoted by website itself, put at the top of the ratings and seen by the largest audience. It is usually a closed mechanism, which harms the customer who’ g like to see the actual information about the model’ s rating and it harms other products who lose the profits due to unfairly low scores. Besides, unfair rating is merely an extra source of psychological pressure for the model. The open source code will enables anyone to make sure, that the ranking is distributed in a good and objective manner.
The future of webcam industry
In the end, blockchain will lead to creation of your unique unprecedented online system, with independent financially insured webcam models who finally left behind the discomfort of constant stress and the clients completely certain in their reliability and anonymity.
The content is bound to change as well: currently models feel made to have “ mainstream” displays, something, that majority of clients are ready to pay for, just to incorporate some income. In the conditions of an secure and open platform, they can produce income coming from providing services for a smaller audience. It can be just a friendly conversation or specific sex-related interests.