How blockchain will change web cam business: security and anonymity
Live Stars offers a fresh perspective at the problems of webcam industry — combine porn and blockchain technology
Blockchain will soon change many aspects of our lives. Usually, we hear about presenting blockchain into financial ballpark, but it can be used in many various other fields. For example , Live Celebrities company has found, one might think, an unexpected application to get blockchain — webcam organization.
Webcam is the milf topless most technologically advanced branch of online porn industry. Models (usually, women) converse with video chat users and, for additional payments, position, strip and perform a number of actions of sexual character. It’ s often done with own funds and assets — all you need is a internet camera, Internet access and an area. However , there are specialized companies, where several models can work at the same time. Webcams monumentally differ from offline part of sex sector and porn videos. The main element 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 unit, there is a crowd of different personnel: agency owners, facility managers, staffed internal purchase 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. Actually self-employed models get about 40%, with the rest taken by the webcam hosting websites.
The client never pays directly to the style, they usually use some form of conditional currency, valid on one particular website. The funds usually do not go directly to the model and at the each stage the paid sum undergoes transfer and conversion charges. When the “ tokens” are purchased, a percentage goes to the online finances or banking service, if the client pays with this 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 bucks. Incidentally, 99% of man models usually do not get paid actually this much. Besides, these payments do not reach their person 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– a few days spent for lender transfer process.
These are just symptoms of the core problem of this sphere — lack of transparency. No person feel confident in anyone — clients are afraid of identification theft and models fear so much deanonymization, blackmail and dangers of exposing their job to their friends and friends and family. Studio management might work with threats and fear to force the models to continue working and the streaming companies might illegally use personal information of both, models and clients.
Such platforms always use some form of IDENTIFICATION to verify the identity of their models for inside purposes, it is a vital component to how they work. And each program makes their own client data source, collecting the payment details about when, what for and just how much each client gives, geolocation data and sometimes wants ID as well.
Security and anonymity of provided data completely depends on the integrity of the intermediaries. The web is full of interviews with webcam models who fell prey to blackmail.
— It’ s not safe to work at the business if you want to keep your identity secret. I can tell you a story of a style, 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 when the contract runs out or perhaps when the model just desires to quit. What to do with that, no person knows.
Ardore, a webcam model
Blockchain the Savior
According to Live Stars, how can blockchain boost this semi-legal and often harmful 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 removes them from the chain. Security of data storage and transfer in blockchain technology can be above and beyond anything else we have today. Identity verification will nonetheless take place, since all models should be of the full legal age to work in this field, but the model can remove any of their personal information from the program at any point in time, which is supported by the open source code. The uploaded data, after he was approved by management, will always be encrypted.
Blockchain orders fully solve the issue of the client’ s anonymity.
The very transaction method will be significantly quicker, since the intermediary banks as well as 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 assistance or be sold at a symbol exchange platform. At the moment, if the client happens to have some internal platform currency they bought but did not spent however, they cannot get their money back in any respect, if they wish to do so, since no platform offers refunds or resale opportunities.
The payment method itself becomes simpler and includes possibility of attaching more 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.
Possibility of transaction errors is removed as well — blockchain technology does not allow for mistakes and transaction errors, when the customer’ t funds are blocked by the bank.
What will Live Stars change?
What does such program looks like? What will change because of its participants: clients and designs?
On average, 250 new models register on the top-tier websites daily.
80 percent are newcomers, who under no circumstances worked at this platform
10% of them can continue working on the same program
60% have 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 never come on time. It ends up with a situation of many young types completely leaving the discipline after their first encounter.
A platform built on open source code, transparency and blockchain facilities will radically differ from current semi-legal and closed programs.
Low access barrier will attract more types and lack of negative economical experience will increase the percentage of the people 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’ ersus service will increase. Currently, most webcam audience is quite happy 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 category of paying clients, it is going to completely change webcam sector landscape. It is quite possible, that general direction of such platform will become less porn-orientated and move towards only personal communication, which is what attracts the clients to begin with.
Another important feature: private video chats and text chats will use webRTC based on one-to-one principle, independently of servers. Nobody, such as website administration, will have use 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 usually harms the customer who’ d like to see the actual advice about the model’ s rating and it harms other designs who lose the profits due to unfairly low evaluations. Besides, unfair rating is merely an extra source of psychological stress for the model. The open source code will permits anyone to make sure, that the rating is distributed in a fair and objective manner.
The future of webcam market
In the end, blockchain will lead to creation of an unique unprecedented online system, with independent financially backed webcam models who finally left behind the discomfort of constant stress and the buyers completely certain in their secureness and anonymity.
The content is bound to change too: currently models feel pushed to have “ mainstream” shows, something, that majority of consumers are ready to pay for, just to have some income. In the conditions of your secure and open platform, they can produce income via providing services for a smaller sized audience. It can be just a friendly conversation or specific intimate interests.