How blockchain will change web cam business: security and invisiblity
How blockchain will change web cam business: security and invisiblity
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 lives. Usually, we hear about producing blockchain into financial ball, but it can be used in many other fields. For example , Live Actors company has found, one may possibly think, an unexpected application meant for blockchain — webcam business.
Webcam is among the most technologically advanced branch of online adult industry. Models (usually, women) converse with video chat users and, for additional payments, position, strip and perform selected actions of sexual nature. It’ s often carried out with own funds and solutions — all you need is a web camera, Internet access and a living 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 main element differences are the absence of physical contact between the model as well as the client and all the obligations are non-cash.
How does it work?
Behind every unit, there is a crowd of different personnel: agency owners, facilities managers, staffed internal transaction platforms.
Every single link in this chain deducts their share of the model’ s earning. A model working at the agency usually will get 20– 25% of what her client paid. Actually self-employed models get about 40%, with the rest taken by the webcam hosting platforms.
The client hardly ever pays directly to the model, they usually use some form of conditional currency, valid on one particular website. The funds will not go directly to the version and at the each level the paid sum endures transfer and conversion fees. When the “ tokens” are purchased, a percentage goes to the online pocket book or banking service, if the client pays with this token, webcam platform gets its share and there is one more intermediate party at the money withdrawal stage.
Besides, to receive their payment in the first place, the model must first earn the nominal required sum, specified inside the contract, usually about 50 bucks. Incidentally, 99% of man models usually do not get paid even this much. Besides, these repayments do not reach their receiver 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– 5 various days spent for bank transfer process.
These are just symptoms of the core problem of this world — lack of transparency. Nobody feel confident in any individual — clients are afraid of individuality theft and models fear so much deanonymization, blackmail and dangers of exposing their function to their friends and family. Studio management might employ threats and fear to force the models to continue working and the streaming providers might illegally use personal data of both, models and clients.
Many of these platforms always use some form of IDENTITY to verify the identification of their models for inside purposes, it is a vital element of how they work. And each program makes their own client databases, collecting the payment details about when, what for and exactly how much each client pays off, geolocation data and sometimes wants ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The net is full of interviews with webcam models who fell feed to blackmail.
— It’ s not safe to work at the business if you want to keep your identity magic formula. I can tell you a story of a version, 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 if the contract runs out or when the model just wishes to quit. What to do with that, nobody knows.
Lena, a webcam model
Blockchain the Savior
According to Live Stars, how can blockchain boost this semi-legal and often risky field of work?
The main difference is comprehensive anonymity guaranteed by the program and replacement of internal transaction processing system with tokens.
This solves almost all complications 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 is certainly above and beyond anything else we have today. Identity verification will even now take place, since all models has to be of the full legal age to work in this field, however the model can remove any kind of their personal information from the system 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 protected.
Blockchain trades fully solve the issue of the client’ s anonymity.
The very transaction procedure will be significantly quicker, while the intermediary banks and the need to convert money into the platform’ s internal payment means are completely removed from the picture. The latter is changed by LIVE tokens, which may 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 in any respect, if they wish to do so, seeing that no platform offers repayments or resale opportunities.
The payment method itself becomes simpler and includes possibility of attaching extra 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 on the payment and not a moment afterwards.
Possibility of deal errors is removed as well — blockchain technology would not allow for mistakes and transaction errors, when the customer’ t funds are blocked by the bank.
What is going to Live Stars change?
What does such system looks like? What will change for its participants: clients and products?
On average, 250 new products register on the top-tier websites daily.
80 percent are newcomers, who by no means worked at this platform
10% of them will 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 discussed: emotionally taxing job, risk of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that under no circumstances come on time. It leads to a situation of many young types completely leaving the discipline after their first experience.
A system built on open source code, transparency and blockchain system will radically differ from current semi-legal and closed websites.
Low entry barrier will attract more versions and lack of negative financial experience will increase the percentage of these who will chose to stay.
If the clients are 100% certain of their own security and anonymity, the number of people offering for the model’ s service will increase. Currently, most of webcam audience is content with free live streams and doesn’ t pay 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 can completely change webcam market landscape. It is quite possible, the fact that general direction of many of these platform will become less porn-orientated and move towards just 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, like the website administration, will have usage of a private chat.
Every website has the diva. They are usually promoted by website itself, put on top of the ratings and viewed by the largest audience. It usually is 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 products who lose the cash flow due to unfairly low rankings. Besides, unfair rating is merely an extra source of psychological tension for the model girls licking pussy. The open source code will enables anyone to make sure, that the rating is distributed in a reasonable and objective manner.
The future of webcam market
In the end, blockchain will lead to creation of a unique unprecedented online platform, with independent financially supported webcam models who finally left behind the discomfort of constant stress and the consumers completely certain in their protection and anonymity.
The content is bound to change too: currently models feel pressured 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 via providing services for a small audience. It can be just a friendly conversation or specific intimate interests.