How blockchain will change webcam business: security and invisiblity
Live Stars offers a fresh perspective at the problems of webcam industry — combine porn and blockchain technology
Blockchain will eventually change many aspects of our activities. Usually, we hear about producing blockchain into financial world, but it can be used in many various other fields. For example , Live Personalities company has found, one could think, an unexpected application intended for blockchain — webcam business.
Webcam is the most technologically advanced branch of online porno industry. Models (usually, women) converse with video chat users and, for additional payments, offer, strip and perform specific actions of sexual mother nature. It’ s often done with own funds and assets — all you need is a world wide web camera, Internet access and a room. However , there are specialized dojos, where several models can work at the same time. Webcams monumentally vary from offline part of sex industry and porn videos. The key differences are the absence of physical contact between the model and the client and all the payments are non-cash.
How does it work?
Behind every model, there is a crowd of different personnel: agency owners, facilities managers, staffed internal transaction platforms.
Every link in this chain subtracts their share of the model’ s earning. A model operating at the agency usually will get 20– 25% of what her client paid. Even self-employed models get regarding 40%, with the rest taken by the webcam hosting websites.
The client by no means pays directly to the style, 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 costs. When the “ tokens” are purchased, a percentage goes to the online finances or banking service, when the client pays with this kind of token, webcam platform gets its share and there is one more intermediate party at the cash withdrawal stage.
Besides, to receive their repayment in the first place, the model need to first earn the little required sum, specified in the contract, usually about 50 dollars. Incidentally, 99% of guy models usually do not get paid actually this much. Besides, these repayments do not reach their beneficiary 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– five days spent for bank transfer process.
These are just symptoms of the core problem of this ballpark — lack of transparency. No one feel confident in any individual — clients are afraid of id theft and models fear so much deanonymization, blackmail and threats of exposing their function to their friends and family and friends. Studio management might apply threats and fear to force the models to stay working and the streaming solutions might illegally use personal data of both, models and clients.
Such platforms always use some form of IDENTIFICATION to verify the individuality of their models for inside purposes, it is a vital element of how they work. And each system makes their own client data source, collecting the payment details about when, what for and exactly how much each client pays off, geolocation data and sometimes requires ID as well.
Security and anonymity of provided data completely depends upon what integrity of the intermediaries. The net is full of interviews with cam models who fell prey to blackmail.
— It’ s not safe to work at the facilities if you want to keep your identity magic formula. I can tell you a story of a unit, whose work was recorded as well as the videos were sent to her boyfriend. There were threats to deliver these videos to her parents as well. The same can happen if the contract runs out or when the model just really wants to quit. What to do with that, no one knows.
Lena, a webcam model
Blockchain the Savior
According to have Stars, how can blockchain increase this semi-legal and often harmful field of work?
The main difference is finished anonymity guaranteed by the system and replacement of internal payment system with tokens.
This solves almost all challenges we mentioned thus far.
Tokenization removes the need for intermediaries and completely takes away them from the chain. Secureness of data storage and copy in blockchain technology can be above and beyond anything else we have today. Identity verification will even now take place, since all models must be of the full legal age to work in this field, however 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 having been approved by management, will always be encrypted.
Blockchain ventures fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, as the intermediary banks as well as the need to convert money in the platform’ s internal payment means are completely taken off the picture. The latter is changed by LIVE tokens, which may be used to pay for the services or be sold at a token 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 way, if they wish to do so, as no platform offers repayments or resale opportunities.
The payment process itself becomes simpler and includes possibility of attaching more modules and ways of payment.
The models 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 asian massage fuck after.
Possibility of purchase errors is removed as well — blockchain technology will not allow for mistakes and deal errors, when the customer’ t funds are blocked by bank.
What will Live Stars change?
What does such system looks like? What will change for its participants: clients and designs?
On average, 250 new designs register on the top-tier websites daily.
a majority are newcomers, who under no circumstances worked at this platform
10% of them is going to 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 described: emotionally taxing job, risk of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that never come on time. It brings about a situation of many young types completely leaving the discipline after their first knowledge.
A platform built on open source code, transparency and blockchain structure will radically differ from current semi-legal and closed programs.
Low entry barrier will attract more models and lack of negative financial 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 willing to pay for the model’ h service will increase. Currently, many webcam audience is at ease with free live streams and doesn’ t pay nearly 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, that general direction of such platform will become less porn-orientated and move towards just 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, on their own of servers. Nobody, such as the website administration, will have access to a private chat.
Every website has its diva. They are usually promoted by website itself, put at the top of the ratings and viewed by the largest audience. It is usually a closed mechanism, which in turn harms the customer who’ d like to see the actual advice about the model’ s rating and it harms other designs who lose the salary due to unfairly low scores. Besides, unfair rating is merely an extra source of psychological tension 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 industry
In the end, blockchain will lead to creation of any unique unprecedented online system, with independent financially reinforced 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 compelled to have “ mainstream” shows, something, that majority of customers are ready to pay for, just to have some income. In the conditions of your secure and open program, they can produce income via providing services for a more compact audience. It can be just a friendly conversation or specific sex interests.