How blockchain will change livecam business: security and being anonymous
How blockchain will change livecam business: security and being anonymous
Live Stars offers a brand 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 introducing blockchain into financial ballpark, but it can be used in many other fields. For example , Live Celebrities company has found, one may well think, an unexpected application for blockchain — webcam organization.
Webcam is considered 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 certain actions of sexual character. It’ s often carried out with own funds and resources — all you need is a web camera, Internet access and a room. However , there are specialized dojos, where several models can perform at the same time. Webcams monumentally vary from offline part of sex market and porn videos. The important thing differences are the absence of physical contact between the model plus the client and all the payments are non-cash.
How does it work?
Behind every unit, there is a crowd of additional personnel: agency owners, facility managers video per adulti gratis, staffed internal purchase platforms.
Every link in this chain subtracts 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 do not pays directly to the unit, they usually use some form of conditional currency, valid on one particular website. The funds do not go directly to the version and at the each level the paid sum suffers transfer and conversion service fees. When the “ tokens” are purchased, a percentage goes to the online wallet or banking service, if the client pays with this token, webcam platform gets its share and there is a further intermediate party at the money withdrawal stage.
Besides, to receive their payment in the first place, the model must first earn the minimal required sum, specified inside the contract, usually about 50 dollars. Incidentally, 99% of man models usually do not get paid actually this much. Besides, these payments do not reach their beneficiary right away. The platform can hold the payment for any period of time between a week and a month if not more. And you can add 3– 5 days spent for lender transfer process.
These are just symptoms of the core problem of this ballpark — lack of transparency. Nobody feel confident in any person — clients are afraid of identity theft and models are afraid of deanonymization, blackmail and dangers of exposing their do the 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 sensitive information of both, models and clients.
Such platforms always use some form of ID to verify the personality of their models for inner purposes, it is a vital part of how they work. And each platform makes their own client repository, collecting the payment info on when, what for and just how much each client compensates, geolocation data and sometimes requires ID as well.
Security and anonymity of provided data completely depends upon what integrity of the intermediaries. The internet is full of interviews with livecam models who fell feed to blackmail.
— It’ s not safe to work at the facility 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 send these videos to her father and mother as well. The same can happen if the contract runs out or perhaps when the model just wants to quit. What to do with that, nobody knows.
Impegno, a webcam model
Blockchain the Deliverer
According to Live Stars, how can blockchain increase this semi-legal and often hazardous field of work?
The main difference is finished anonymity guaranteed by the program and replacement of internal payment 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. Security of data storage and copy in blockchain technology is usually 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, however the model can remove any kind of their personal information from the program at any point in time, which is supported by 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 procedure will be significantly quicker, as the intermediary banks and the need to convert money in to the platform’ s internal payment means are completely removed from the picture. The latter is substituted 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 inner 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 refunds or resale opportunities.
The payment procedure itself becomes simpler and includes possibility of attaching more modules and ways of repayment.
The products 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 purchase errors is removed too — blockchain technology does not allow for mistakes and transaction errors, when the customer’ ersus funds are blocked by bank.
What will Live Stars change?
What does such platform looks like? What will change due to its participants: clients and models?
On average, 250 new models register on the top-tier websites daily.
80% are newcomers, who under no circumstances worked at this platform
10% of them will continue working on the same system
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, hazard of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that do not come on time. It results in a situation of many young versions completely leaving the discipline after their first encounter.
A system built on open source code, transparency and blockchain system will radically differ from current semi-legal and closed systems.
Low accessibility barrier will attract more types and lack of negative monetary 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 willing to pay for the model’ s i9000 service will increase. Currently, majority of webcam audience is at ease with free live streams and doesn’ t pay anything at all, 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, the general direction of many of these platform will become less porn-orientated and move towards simply personal communication, which is what attracts the clients to begin with.
Another important element: 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 use of a private chat.
Every website has the diva. They are usually promoted by the website itself, put at the top of the ratings and looked at by the largest audience. It is usually a closed mechanism, which will harms the customer who’ g like to see the actual advice about the model’ s rating and it harms other designs 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 permits anyone to make sure, that the rating is distributed in a reasonable and objective manner.
The future of webcam sector
In the end, blockchain will lead to creation of an unique unprecedented online platform, with independent financially guaranteed webcam models who finally left behind the discomfort of constant stress and the consumers completely certain in their secureness and anonymity.
The content is bound to change as well: currently models feel pushed to have “ mainstream” shows, something, that majority of customers are ready to pay for, just to have some income. In the conditions of any secure and open program, they can produce income coming from providing services for a more compact audience. It can be just a friendly conversation or specific sex interests.