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 activities. Usually, we hear about presenting blockchain into financial ball, but it can be used in many other fields. For example , Live Stars company has found, one could think, an unexpected application for blockchain — webcam organization.
Webcam is among the most technologically advanced branch of online porn industry. Models (usually, women) converse with video chat users and, for additional payments, position, strip and perform particular actions of sexual nature. It’ s often completed with own funds and methods — all you need is a net camera, Internet access and a space. However , there are specialized studios, where several models can perform at the same time. Webcams monumentally vary from offline part of sex market and porn videos. The main element differences are the absence of physical contact between the model and the client and all the repayments are non-cash.
How does it work?
Behind every style, there is a crowd of additional personnel: agency owners, business managers, staffed internal purchase platforms.
Every single link in this chain subtracts their share of the model’ s earning. A model functioning at the agency usually gets 20– 25% of what her client paid. Also self-employed models get regarding 40%, with the rest taken by the webcam hosting websites.
The client hardly ever 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 unit and at the each stage the paid sum endures transfer and conversion fees. When the “ tokens” are ordered, a percentage goes to the online budget or banking service, if the client pays with this kind of token, webcam platform gets its share and there is a further intermediate party at the income withdrawal stage.
Besides, to receive their payment in the first place, the model must first earn the little required sum, specified inside the contract, usually about 50 dollars. Incidentally, 99% of male models usually do not get paid also this much. Besides, these payments do not reach their person right away. The platform can hold the payment for any period of time among a week and a month or maybe more. And you can add 3– 5 days spent for loan provider transfer process.
These are just symptoms of the core problem of this ball — lack of transparency. Nobody feel confident in any person — clients are afraid of individuality theft and models are afraid of deanonymization, blackmail and threats of exposing their job to their friends and friends and family. Studio management might apply 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.
Many of these platforms always use some form of ID to verify the identity of their models for inner purposes, it is a vital element of how they work. And each system makes their own client databases, collecting the payment information about when, what for and exactly how much each client pays off, geolocation data and sometimes calls for ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The net is full of interviews with cam models who fell food to blackmail.
— It’ s not safe to work at the studio if you want to keep your identity magic formula. 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 when the model just desires to quit. What to do with that, no one knows.
Lena, a webcam model
Blockchain the Savior
According to have Stars, how can blockchain improve this semi-legal and often harmful field of work?
The main difference is full anonymity guaranteed by the program and replacement of internal transaction processing system with tokens.
This solves almost all concerns we mentioned thus far.
Tokenization removes the need for intermediaries and completely removes them from the chain. Protection of data storage and copy in blockchain technology is above and beyond anything else we have today. Identity verification will still take place, since all models should be of the full legal age to work in this field, however the model can remove any of their personal information scout69 from the program at any point in time, which is maintained the open source code. The uploaded data, after previously being approved by management, will always be protected.
Blockchain deals 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 into the platform’ s internal payment means are completely taken out of the picture. The latter is changed by LIVE tokens, that can be used to pay for the services or be sold at a token exchange platform. At the moment, if the client happens to have some interior platform currency they bought but did not spent however, they cannot get their money back at all, if they wish to do so, seeing that no platform offers refunds or resale opportunities.
The payment process itself becomes simpler and includes possibility of attaching further 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 in the payment and not a moment later.
Possibility of purchase errors is removed as well — blockchain technology does not allow for mistakes and transaction errors, when the customer’ s i9000 funds are blocked by bank.
What is going to Live Stars change?
What does such platform looks like? What will change because of its participants: clients and designs?
On average, 250 new versions register on the top-tier websites daily.
many of these are newcomers, who hardly ever 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 explained: emotionally taxing job, danger 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 designs completely leaving the field after their first knowledge.
A platform built on open source code, transparency and blockchain facilities will radically differ from current semi-legal and closed tools.
Low accessibility barrier will attract more versions and lack of negative monetary 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’ h service will increase. Currently, many 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. In the event some of them will move to the category of paying clients, it will completely change webcam market landscape. It is quite possible, that the general direction of many of these platform will become less porn-orientated and move towards only personal communication, which is what attracts the clients to start with.
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 entry to a private chat.
Every website has the diva. They are usually promoted by website itself, put at the top of the ratings and seen by the largest audience. It is always a closed mechanism, which harms the customer who’ m like to see the actual information about the model’ s rating and it harms other versions who lose the income due to unfairly low evaluations. Besides, unfair rating is just an extra source of psychological stress for the model. The open source code will permits anyone to make sure, that the score is distributed in a good and objective manner.
The future of webcam sector
In the end, blockchain will lead to creation of your unique unprecedented online system, with independent financially supported webcam models who finally left behind the discomfort of constant stress and the buyers completely certain in their reliability and anonymity.
The content is bound to change too: currently models feel compelled to have “ mainstream” shows, something, that majority of clientele are ready to pay for, just to incorporate some income. In the conditions of a secure and open platform, they can produce income coming from providing services for a smaller sized audience. It can be just a friendly conversation or specific intimate interests.