How blockchain will change webcam business: security and invisiblity
Live Stars offers a fresh perspective at the problems of webcam industry — combine porn and blockchain technology
Blockchain will eventually change many aspects of our world. Usually, we hear about bringing out blockchain into financial ballpark, but it can be used in many additional fields. For example , Live Stars company has found, one may think, an unexpected application pertaining to blockchain — webcam business.
Webcam is among the most technologically advanced branch of online porno industry. Models (usually, women) converse with video chat users and, for additional payments, pose, strip and perform a number of actions of sexual mother nature. It’ s often carried out with own funds and resources — all you need is a internet camera, Internet access and a space. However , there are specialized broadcasters, where several models can function at the same time. Webcams monumentally differ from offline part of sex industry and porn videos. The true secret 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 version, there is a crowd of other personnel: agency owners, facility managers, staffed internal deal platforms.
Every single link in this chain deducts their share of the model’ s earning. A model operating at the agency usually will get 20– 25% of what her client paid. Even self-employed models get regarding 40%, with the rest taken by the webcam hosting tools.
The client hardly ever pays directly to the model, they usually use some form of conditional currency, valid on one particular website. The funds usually do not go directly to the version and at the each stage the paid sum suffers transfer and conversion charges. 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 one other intermediate party at the funds withdrawal stage.
Besides, to receive their repayment in the first place, the model must first earn the little required sum, specified in the contract, usually about $50. Incidentally, 99% of men models usually do not get paid even 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– 5 various days spent for bank transfer process.
These are just symptoms of the core problem of this field — lack of transparency. No person feel confident in anyone — clients are afraid of personality theft and models fear so much deanonymization, blackmail and dangers of exposing their function to their friends and loved ones. Studio management might use threats and fear to force the models to stay working and the streaming solutions might illegally use private information of both, models and clients.
Many of these platforms always use some form of IDENTIFICATION to verify the identity of their models for inside purposes, it is a vital a part of how they work. And each system makes their own client data source, collecting the payment information regarding when, what for and how much each client will pay, geolocation data and sometimes calls for ID as well.
Security and anonymity of provided data completely depend upon which integrity of the intermediaries. The internet is full of interviews with cam models who fell victim 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 unit, whose work was recorded as well as 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 wishes to quit. What to do with that, no person knows.
Impegno, a webcam model
Blockchain the Saving grace
According to have Stars, how can blockchain increase this semi-legal and often hazardous field of work?
The main difference is total anonymity guaranteed by the program and replacement of internal payment processing system with tokens.
This solves almost all concerns we mentioned thus far.
Tokenization removes the need for intermediaries and completely cleans away them from the chain. Protection of data storage and transfer in blockchain technology is definitely above and beyond anything else we have today. Identity verification will nonetheless take place, since all models has to be of the full legal age to work in this field, but the model can remove any one 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 protected.
Blockchain ventures fully solve the issue of the client’ s anonymity.
The very transaction method will be significantly quicker, while the intermediary banks as well as the need to convert money in the platform’ s internal repayment means are completely taken off the picture. The latter is replaced by LIVE tokens, that can 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 internal platform currency they bought but did not spent however, they cannot get their money back in any way, if they wish to do so, seeing that no platform offers refunds or resale opportunities.
The payment method itself becomes simpler and includes possibility of attaching additional 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 in the payment and not a moment later on.
Possibility of transaction errors is removed as well — blockchain technology does not allow for mistakes and deal errors, when the customer’ s i9000 funds are blocked by the bank.
What will Live Stars change?
What does such system looks like? What will change because of its participants: clients and products?
On average, 250 new types register on the top-tier websites daily.
79% are newcomers, who under no circumstances 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 described: emotionally taxing job, danger of deanonymization, psychological pressure from the platform’ s admins, huge transaction fees and low payments that by no means come on time. It ends in a situation of many young types completely leaving the discipline after their first experience.
A program built on open source code, transparency and blockchain structure will radically differ from current semi-legal and closed websites.
Low entrance barrier will attract more products and lack of negative financial 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’ t service will increase. Currently, most webcam audience is at ease with free live streams and doesn’ t pay whatever, afraid of dealing with unclear and potentially dangerous payment system. If some of them will move to the class of paying clients, it will probably completely change webcam market landscape. It is quite possible, 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 start with.
Another important aspect: private video chats and text chats will use webRTC based on one-to-one principle, separately of servers. Nobody, such as website administration, will have usage of a private chat.
Every website has its diva. They are usually promoted by the website itself, put near the top of the ratings and looked at by the largest audience. It is usually a closed mechanism, which in turn harms the customer who’ d like to see the actual advice about the model’ s rating and it harms other models who lose the salary due to unfairly low evaluations. Besides, unfair rating is just an extra source of psychological strain 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 program, with independent financially reinforced 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 forced to have “ mainstream” shows, something, that majority of clientele are ready to pay for, just to have some income. In the conditions of an secure and vecchie che si masturbano open platform, they can produce income coming from providing services for a more compact audience. It can be just a friendly conversation or specific lovemaking interests.