How blockchain will change web cam business: security and invisiblity
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 world. Usually, we hear about introducing blockchain into financial world, but it can be used in many various other fields. For example , Live Personalities company has found, one might think, an unexpected application intended for blockchain — webcam business.
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 a number of actions of sexual nature. It’ s often finished with own funds and assets — all you need is a world wide web camera, Internet access and an area. However , there are specialized companies, where several models can perform 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 plus the client and all the payments are non-cash.
How does it work?
Behind every model, there is a crowd of additional personnel: agency owners, facilities managers, staffed internal transaction platforms.
Every link in this chain deducts their share of the model’ s earning. A model functioning at the agency usually receives 20– 25% of what her client paid. Even self-employed models get about 40%, with the rest used by the webcam hosting tools.
The client do not pays directly to the model, they usually use some form of conditional currency, valid on one particular website. The funds tend not to go directly to the version and at the each level the paid sum undergoes transfer and conversion service fees. When the “ tokens” are ordered, a percentage goes to the online pocket book or banking service, when the client pays with this kind of token, webcam platform gets its share and there is a further intermediate party at the dollars withdrawal stage.
Besides, to receive their repayment in the first place, the model must first earn the minimal required sum, specified inside the contract, usually about 50 bucks. Incidentally, 99% of male models usually do not get paid actually this much. Besides, these obligations do not reach their beneficiary right away. The platform can hold the payment for any period of time among a week and a month or even more. And you can add 3– a few days spent for standard bank transfer process.
These are just symptoms of the core problem of this world — lack of transparency. Nobody feel confident in any person — clients are afraid of id theft and models are afraid of deanonymization, blackmail and risks of exposing their job to their friends and friends and family. Studio management might make use of threats and fear to force the models to stay working and the streaming services might illegally use information that is personal of both, models and clients.
Such platforms always use some form of IDENTITY to verify the id of their models for interior purposes, it is a vital element of how they work. And each system makes their own client data source, collecting the payment info on when, what for and just how much each client compensates, geolocation data and sometimes calls for ID as well.
Security and anonymity of provided data completely depends upon what integrity of the intermediaries. The internet is full of interviews with webcam models who fell victim to blackmail.
— It’ s not safe to work at the studio room if you want to keep your identity magic formula. I can tell you a story of a style, whose work was recorded plus 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 when the contract runs out or perhaps when the model just wants to quit. What to do with that, no one knows.
Lena, a webcam model
Blockchain the Savior
According to Live Stars, how can blockchain improve this semi-legal and often hazardous field of work?
The main difference is complete anonymity guaranteed by the program and replacement of internal payment processing system with tokens.
This solves almost all complications we mentioned thus far.
Tokenization removes the advantages of 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 even now take place, since all models should be of the full legal age to work in this field, but 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 previously being approved by management, will always be encrypted.
Blockchain orders fully solve the issue of the client’ s anonymity.
The very transaction process will be significantly quicker, because the intermediary banks as well as the need to convert money in to the platform’ s internal repayment means are completely taken out of the picture. The latter is replaced 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 inner platform currency they bought but did not spent however, they cannot get their money back at all, if they wish to do so, as no platform offers refunds or resale opportunities.
The payment method itself becomes simpler and includes possibility of attaching further 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 of the payment and not a moment afterwards.
Possibility of transaction errors is removed too — blockchain technology will not allow for mistakes and transaction errors, when the customer’ s funds are blocked by the bank.
What is going to Live Stars change?
What does such platform looks like? What will change due to the participants: clients and versions?
On average, 250 new designs register on the top-tier websites daily.
many of these are newcomers, who hardly ever worked at this platform
10% of them will continue working on the same platform
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 by no means come on time. It leads to a situation of many young types completely leaving the field after their first experience.
A program 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 designs and lack of negative financial experience will increase the percentage of people 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 i9000 service will increase. Currently, most of webcam audience is at ease with free live streams and doesn’ t pay anything, afraid of dealing with unclear and potentially dangerous payment system. Whenever some of them will move to the category of paying clients, it is going to completely change webcam industry landscape. It is quite possible, that general direction of many of these platform will become less porn-orientated and move towards merely personal communication, which is what attracts the clients in the first place.
Another important element: private video chats and text chats will use webRTC based on one-to-one principle, independent of each other of servers. Nobody, such as website administration, will have usage of a private chat.
Every website has their diva. They are usually promoted by website itself, put on top of the ratings and viewed by the largest audience video shemale gratis. It usually is a closed mechanism, which in turn harms the customer who’ m like to see the actual information about the model’ s rating and it harms other models who lose the money due to unfairly low ratings. Besides, unfair rating is just an extra source of psychological pressure for the model. The open source code will allows anyone to make sure, that the rating is distributed in a good 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 reinforced webcam models who finally left behind the discomfort of constant stress and the clients completely certain in their protection and anonymity.
The content is bound to change too: currently models feel made to have “ mainstream” shows, something, that majority of clientele are ready to pay for, just to incorporate some income. In the conditions of your secure and open system, they can produce income out of providing services for a smaller audience. It can be just a friendly conversation or specific sex-related interests.